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Listed 1 month ago

1737 WAVELL Street

East H, London East

$680,000

Detached|Bungalow
3 | 4 | 6
About this home

Attention First-Time Home Buyers & Investors!Don't miss this exceptional opportunity to own an impeccably maintained 4+3 bedroom legal bungalow with a separate side entrance to the fully finished lower level-ideal for extended family or rental income.It worked as a duplexThe main floor features a bright and functional kitchen, a spacious primary bedroom, three additional generously sized bedrooms, and a well-appointed 4-piece bathroom. One of the bedrooms provides direct access to a beautiful deck, perfect for enjoying your morning coffee or relaxing outdoors.The legal lower level offers excellent income potential with 3 spacious bedrooms, 2 full bathrooms, a large kitchen, and a dedicated laundry area with separate washer and dryer space, making it ideal for tenants or multi-generational living.Step outside to a generously sized backyard featuring a deck and a charming gazebo-perfect for entertaining family and friends or unwinding after a long day.Highlights: Legal 4+3 bedroom bungalow Separate side entrance to lower level Excellent rental potential with approximately $4,000/month in rental income Bright main-floor layout Finished lower level with separate living amenities Large backyard with deck and gazebo Community centre directly across the street Minutes from shopping, Argyle Mall, schools, parks, and other everyday amenitiesWhether you're a first-time buyer looking to offset your mortgage with rental income or an investor seeking a cash-flowing property, this home is an opportunity you won't want to miss!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,150
Lot Size58 ft x 120 ft
mls© NumberX13630760
Listed ByKING REALTY INC.

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%
$3,481
Property tax
$263
Heat allowance
$150
Housing costs
$3,893 / mo

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

Down payment20% · $136,000
25-yr amortization

Income needed

$120,000

gross annual household income

Payment at 4%
$2,862 / mo
Cash down
$136,000

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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