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East C, London East
$449,000
**Turnkey investment opportunity!** This well-maintained **3+2 bedroom home** is **fully tenanted with a signed lease commencing August 1**, providing immediate rental income from day one. An excellent opportunity for investors seeking a hassle-free, income-producing property.The functional layout with multiple living areas offers strong long-term rental appeal and excellent income-generating potential. The finished lower level adds valuable living space, ideal for tenants, extended family, or a home office setup. Features include neutral finishes, hardwood flooring on the main level, durable tile in high-traffic areas, in-suite laundry, multiple bathrooms, and ample parking with a long private driveway.Conveniently located close to Fanshawe College, public transit, shopping, restaurants, and everyday amenities, this is a **true turnkey investment** in a high-demand rental location. Simply take ownership and start generating rental income from day one.
No extras listed.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $2,783 |
| Lot Size | 50 ft x 91.75 ft |
| mls© Number | X13532710 |
| Listed By | COLLIERS SOUTHWESTERN ONTARIO |
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%
- $2,298
- Property tax
- $232
- Heat allowance
- $150
- Housing costs
- $2,680 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$82,000
gross annual household income
- Payment at 4%
- $1,889 / mo
- Cash down
- $89,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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