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Listed 2 months ago

1456 Gore Road

East O, London East

$519,900

Detached|Bungaloft
3 | 1 | 6
About this home

Calling all investors, renovators, and first-time buyers! This 3-bedroom, 1-bathroom home sits on a generous lot offering tremendous potential for those looking to add value and build equity. With solid fundamentals and plenty of room for improvement, this property is a fantastic opportunity to customize, renovate, or expand to suit your vision. The spacious lot provides ample outdoor space, future possibilities, and room to create the property you've always wanted. Whether you're looking for your next project, a long-term investment, or an affordable entry into the market, this property offers exceptional upside potential. Bring your ideas and unlock the value that 1456 Gore Rd has to offer. Opportunities like this don't come along often-don't miss your chance to turn potential into profit! Great opportunity for buyers with vision looking to make their mark and build equity in a desirable setting.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungaloft
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$3,452
Lot Size86 ft x 294 ft
mls© NumberX13563606
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%
$2,661
Property tax
$288
Heat allowance
$150
Housing costs
$3,099 / mo

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

Down payment20% · $103,980
25-yr amortization

Income needed

$95,000

gross annual household income

Payment at 4%
$2,188 / mo
Cash down
$103,980

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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