







1049 Talbot Street
East B, London East
$699,000
1049 Talbot Street offers the versatility of its size and location to be used as a wonderful single-family home or a 7 bedroom student rental. Legal duplex is also possible with the separate basement entrance. In 2014, the basement was professionally damp-proofed with tile, a sump pump, and completely wall wrapped. The upstairs offers a variety of configurations, up to five bedrooms, or four bedrooms with a main floor family room. Highlights are coffered ceilings, crown moulding, hardwood flooring, vinyl tile in the kitchen and bathroom. As a single family home, the basement could be used as an office with a separate entrance and a lower family room. The basement includes a 4 piece bath and a kitchen area. The exterior of the home is yellow brick with a two-car garage that has hydro and insulated walls. The corner lot provides up to seven parking spaces. This is rare in Old North; the lot is completely treed, offering a treed canopy over the back patio. 100 amp service, Lenox two-stage furnace and air conditioning; approximately 12 years old; fully serviced and in proper working order.Presently, it is owner-occupied with two student renters. The home can be vacant on closing, or the renters would stay. Room rental varies from $700.00 to $800.00 per room per month.
No extras listed.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,029 |
| Lot Size | 35 ft x 140 ft |
| mls© Number | X13642708 |
| Listed By | LIST299.COM REALTY 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%
- $3,578
- Property tax
- $419
- Heat allowance
- $150
- Housing costs
- $4,147 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$128,000
gross annual household income
- Payment at 4%
- $2,942 / mo
- Cash down
- $139,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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