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Listed 29 days ago

1039 Frances Street

East M, London East

$379,900

Detached|Bungalow
3 | 2 | 3
About this home

This well-loved home has been cared for by the same owners for over 40 years and offers a wonderful opportunity for buyers seeking affordability, space, and the chance to make a home their own. Featuring 3 bedrooms, 2 bathrooms, and convenient main floor laundry, this bungalow offers a functional and comfortable layout. The spacious eat-in kitchen and dining room provide plenty of room for you to host. The large bonus room at the rear of the home adds valuable living space and flexibility for a family room, hobby area, or additional retreat. Garden door lead to a covered patio and spacious backyard, creating a great space for relaxing or entertaining.The lower level offers additional storage along with a versatile office/den area. The driveway provides parking for up to three vehicles. Located on a quiet street with wonderful neighbours, this home is a great opportunity for anyone looking to add their personal touches. Walking distance to the new Hard Rock Hotel, the Factory, Western Fair Sports Centre, Papi's Steak House, Power House Brewing, Anderson Ale, Farmers market and many other amenities.

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$2,615
Lot Size41.25 ft x 132 ft
mls© NumberX13632240
Listed ByBLUE FOREST 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%
$1,945
Property tax
$218
Heat allowance
$150
Housing costs
$2,312 / mo

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

Down payment20% · $75,980
25-yr amortization

Income needed

$71,000

gross annual household income

Payment at 4%
$1,599 / mo
Cash down
$75,980

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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