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Price Change$699,000

3264 Meadowgate Boulevard

South U, London South

$769,900

Detached|2-Storey
4 | 5 | 4
About this home

**WHY RENT WHEN YOUR TENANT CAN HELP PAY YOUR MORTGAGE?** Welcome To This Beautifully Upgraded Detached Home In London's Highly Desirable Summerside Community, Featuring A **Brand-New Legal Basement Apartment (2025)** With 1 Bedroom, Spacious Recreation Room & 2 Washrooms. A Rare Opportunity For First-Time Buyers, Growing Families, Multi-Generational Households & Investors!Offering **4+1 Bedrooms + 1 Recreation Room, 5 Bathrooms & Over 3,100 Sq. Ft. Of Total Finished Living Space**, This Move-In Ready Home Offers Comfort, Flexibility & Income Potential. **Major 2026 Updates Include A Brand-New Roof & Brand-New Lennox High-Efficiency Furnace!**The Bright Upper Level Features 4 Spacious Bedrooms, 3 Bathrooms, Main Floor Laundry With New Washer & Dryer, New Engineered Hardwood Flooring, Fresh Paint, And A Modern Kitchen With New Quartz Countertops, New Stove & Refrigerator. The Open-Concept Layout Is Perfect For Family Living & Entertaining.The **Legal Basement Apartment** Features 1 Bedroom, Large Recreation Room, 2 Bathrooms, Separate Laundry, Full Kitchen With New Appliances & Private Living Space. Currently Occupied By Excellent Tenants, It Provides Immediate Rental Income And An Excellent Mortgage Helper, While Also Offering Flexible Space For Extended Family.Enjoy A **Double-Car Garage & Parking For 4 Vehicles**, Along With Extensive Recent Upgrades Making This A Low-Maintenance, Turnkey Property.Conveniently Located Minutes From **Hwy 401, Public Transit, Meadowgate Park, Trails, Sports Facilities, Shopping & Schools**, This Family-Friendly Location Offers The Perfect Blend Of Lifestyle & Investment Potential.Whether You're A First-Time Buyer Looking To Reduce Your Monthly Housing Costs, A Family Seeking Flexible Living Space, Or An Investor Looking For Rental Income, This Exceptional Home Checks All The Boxes. **Book Your Private Showing Today!**

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age16-30
Size2000-2500 sq. ft.
Property Tax$6,219
Lot Size36.76 ft x 111.64 ft
mls© NumberX13627896
Listed ByEXECUTIVE REAL ESTATE SERVICES LTD.

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%
$3,941
Property tax
$518
Heat allowance
$150
Housing costs
$4,609 / mo

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

Down payment20% · $153,980
25-yr amortization

Income needed

$142,000

gross annual household income

Payment at 4%
$3,240 / mo
Cash down
$153,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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