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Listed 20 days ago

23 Goodman Drive

South T, London South

$909,900

Detached|Backsplit 4
5 | 3 | 7
About this home

Wow! What an opportunity! Buy one property get 2 houses. The main house is a 4 level backsplit with an attached garage. 3+1 bedrooms and 1 and 1/2 baths. The kitchen opens to the family room below which features a gas fireplace and a walkout to a wonderful covered patio. the 3rd level also features a bedroom and bathroom. the lower level provides laundry and plenty of storage. The second "house" is an Additional Rental Unit. Built just 3 years ago with all the approvals and permits this is a fantastic feature to the property providing a garage and a half plus another separate single garage. Above is a gorgeous 1 bedroom apartment that the current tenants have just loved! There is a lot here and a number of ways a buyer could use this property. Plenty of parking it's perfect for an extended family or as an investment property. All set on a huge 1/3 acre on a very quiet cul de sac location with quick access to the 401 Hwy. Rent is $2500/mth for the house and $2100/mth for the Additional Rental Unit.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBacksplit 4
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$5,381
Lot Size49.39 ft x 166 ft
mls© NumberX13668500
Listed ByOLIVER & ASSOCIATES SARAH OLIVER REAL ESTATE 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%
$4,657
Property tax
$448
Heat allowance
$150
Housing costs
$5,256 / mo

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

Down payment20% · $181,980
25-yr amortization

Income needed

$162,000

gross annual household income

Payment at 4%
$3,829 / mo
Cash down
$181,980

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

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