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Listed 22 days ago

185 Thurman Circle

East D, London East

$599,000

Detached|2-Storey
4 | 2 | 4
About this home

Excellent turnkey investment opportunity near Fanshawe College. This well-maintained, carpet-free home is ideally located just minutes from campus, with easy access to public transit, shopping, grocery stores, and downtown amenities.Currently generating strong cash flow with $5,000 Plus in monthly rental income, this property is perfectly suited for student housing. It features six spacious bedrooms and two full bathrooms, offering a practical and high-demand layout.Recent updates include a newly installed heat pump for efficient year-round comfort. The home also offers a single-car garage, ample driveway parking, and a fully fenced backyard for added privacy and outdoor space.Tenants are already in place and willing to stay, ensuring a smooth and immediate transition for the new owner. A rare chance to secure a high-yield property in a prime, well-connected location. All measurements, dimensions, room sizes, lot sizes and square footage are approximate and have been provided for general information purposes only. Buyer and Buyer's Representative are advised to independently verify all measurements and information that may be material to the Buyer's decision to purchase. Neither the Seller, Listing Brokerage nor Listing Representative makes any representation or warranty regarding the accuracy or completeness of such measurements or information.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,862
Lot Size41.01 ft x 105.02 ft
mls© NumberX13659736
Listed BySAM SINGH 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%
$3,066
Property tax
$405
Heat allowance
$150
Housing costs
$3,621 / mo

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

Down payment20% · $119,800
25-yr amortization

Income needed

$111,000

gross annual household income

Payment at 4%
$2,521 / mo
Cash down
$119,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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