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East M, London East
$399,000
Welcome to 1025 King Street! This inviting 3-bedroom, 1-bathroom bungalow is situated on a 38 x 112 ft lot in a convenient East London location. The main floor offers comfortable one-level living with three bedrooms and a bathroom featuring heated flooring for an added touch of comfort. The property also offers two side-by-side parking spaces and a spacious backyard designed with families in mind. Enjoy summer evenings around the bonfire pit while the kids make use of the play structure, with two sheds providing plenty of additional outdoor storage. The unfinished lower level offers a combination of basement and crawlspace areas, providing useful storage space and potential for future improvements. Conveniently located close to Kellogg's, the Hard Rock Hotel, shopping, restaurants, parks, transit, and major amenities, this home is an excellent opportunity for first-time buyers, families, downsizers, or investors looking to be part of an evolving East London community.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $2,330 |
| Lot Size | 38 ft x 112 ft |
| mls© Number | X13665726 |
| Listed By | CENTURY 21 FIRST CANADIAN CORP |
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%
- $2,042
- Property tax
- $194
- Heat allowance
- $150
- Housing costs
- $2,386 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$73,000
gross annual household income
- Payment at 4%
- $1,679 / mo
- Cash down
- $79,800
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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