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South E, London South
$499,900
Conveniently located just steps from Old South, this Licensed two-unit property offers an excellent opportunity for investors or owner-occupiers alike. The spacious main floor unit features two bedrooms, updated flooring throughout, a large kitchen, a generous 4-piece bathroom, and a bright living room with bay window. The dining room, which can also serve as a second bedroom, provides access to the large backyard and deck-perfect for relaxing or entertaining. The upper-level apartment offers one bedroom, a 4-piece bathroom, and an open-concept living area adjoining the kitchen. A separate entrance to the basement provides access to shared laundry facilities serving both units. Outside, enjoy a detached garage, ample parking, and a spacious yard rare for this sought-after neighbourhood. Located close to parks, schools, public transit, downtown, and all that Old South has to offer, this income property combines location, flexibility, and investment potential.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $3,286 |
| Lot Size | 54 ft x 192 ft |
| mls© Number | X13649504 |
| Listed By | ROYAL LEPAGE TRILAND PREMIER BROKERAGE |
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%
- $2,559
- Property tax
- $274
- Heat allowance
- $150
- Housing costs
- $2,983 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$92,000
gross annual household income
- Payment at 4%
- $2,104 / mo
- Cash down
- $99,980
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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