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Listed 18 days ago

178 East Street

East M, London East

$425,000

Detached|1 1/2 Storey
2 | 2 | 2
About this home

Bursting with character, functionality and endless potential this 1.5 storey home with single car garage has 2 bathrooms and 2 bedrooms (formerly a 3 bedroom homes as primary bedroom was made into 1 larger room but could easily be converted back) and is located on a wide private corner lot with the possibility to sever the lot or add an accessory dwelling unit (subject to local requirements). The single car garage is vinyl sided, wired for hydro & has a metal roof - great for your vehicle, a workshop or man cave. You will love relaxing on the charming front porch on summer afternoons. This home has lots of character including a lovely oak front door, some stained glass windows, ornate trim work, high ceilings & baseboards, crown moulding and hardwood floors. The cozy front living room with big picture window could also be used as a main floor bedroom. The dining room has high ceilings, elegant trim and is currently home to a grand piano. The spacious kitchen has lots of charm, a window with views of the spacious yard and is partially open to the dining area. There is also a convenient 3 piece bathroom on this level and door leading to the back deck so you can enjoy summer BBQs as you overlook the large fenced lot with plenty of room for the kids or pets to play. There are 2 bedrooms on the upper level with lots of storage and the second floor landing is large enough for an office or reading nook. The basement is partially finished with an office, the laundry is there plus tons of storage. Furnace & A/C 2019, Roof, Garage Door & Opener 2018, New Deck Boards on Porch 2024 & Water Heater 2022. Some windows were replaced and plumbing & electrical were updated by the previous owner. This home is close to schools, public transit, shopping and has easy access to Hwy 401

Extras

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,504
Lot Size64 ft x 106.46 ft
mls© NumberX13678692
Listed BySUTTON GROUP PREFERRED 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%
$2,175
Property tax
$292
Heat allowance
$150
Housing costs
$2,617 / mo

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

Down payment20% · $85,000
25-yr amortization

Income needed

$81,000

gross annual household income

Payment at 4%
$1,788 / mo
Cash down
$85,000

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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