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Listed 2 months ago

1237 Landor Street

East C, London East

$449,000

Detached|2-Storey
3 | 2 | 2
About this home

**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.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,783
Lot Size50 ft x 91.75 ft
mls© NumberX13532710
Listed ByCOLLIERS 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.

Down payment20% · $89,800
25-yr amortization

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 check

Investment Analysis

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

Values and trends

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