Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
Loading...Listing Image
1 / 0
Listed 27 days ago

1049 Talbot Street

East B, London East

$699,000

Detached|1 1/2 Storey
4 | 2 | 6
About this home

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.

Extras

No extras listed.

Visit this home

Pick a time that works for you.

No upcoming open houses.

Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$5,029
Lot Size35 ft x 140 ft
mls© NumberX13642708
Listed ByLIST299.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.

Down payment20% · $139,800
25-yr amortization

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 check

Investment Analysis

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

Values and trends

Nearby listings

Comparable sales

  • No similar listings found.