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Listed 2 months ago

872 Lovett Street

East L, London East

$424,900

Detached|Bungalow
3 | 2 | 1
About this home

Welcome to 872 Lovett Street in London, Ontario, a charming, nearly century-old bungalow situated on a quiet corner in a family-friendly pocket, close to parks, schools, shopping, transit, and easy access to the 401. Built in 1926, this thoughtfully cared-for home blends cozy curb appeal with smart, modern updates, making it ideal for young couples seeking their first home or investors looking for a turn-key addition to their portfolio. With 3 bedrooms and 2 full bathrooms, this property offers both space and functionality for today's buyers. Inside, you will find a bright and welcoming living room alongside three comfortable bedrooms, all recently refreshed for a timeless and modern feel. The heart of the home, the kitchen, and the full bathroom were completely updated in 2022 with new countertops, sink, flooring, and fixtures, creating a space designed for both style and practicality. That same year, the basement was renovated and includes a versatile den space, making the lower level perfect for cozy gatherings, a home office, or a guest space, featuring its own separate entrance. In 2023, further essential upgrades were completed, including a brand-new 200-amp electrical panel, new appliances, backyard fence replacement, and the installation of a damp-proof membrane to ensure long-term comfort and peace of mind. 872 Lovett Street seamlessly combines classic charm with modern efficiency, all within a peaceful and well-connected London location. Whether you are launching into homeownership or expanding your rental portfolio, this property offers dependable comfort, strong investment potential, and the perfect balance of character and convenience.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$1,961
Lot Size29.5 ft x 80 ft
mls© NumberX13530818
Listed ByCENTURY 21 FIRST CANADIAN CORP

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,175
Property tax
$163
Heat allowance
$150
Housing costs
$2,488 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $84,980
25-yr amortization

Income needed

$77,000

gross annual household income

Payment at 4%
$1,788 / mo
Cash down
$84,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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