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South T, London South
$909,900
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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| Type | Detached |
| Style | Backsplit 4 |
| Approx. Age | 31-50 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,381 |
| Lot Size | 49.39 ft x 166 ft |
| mls© Number | X13668500 |
| Listed By | OLIVER & 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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