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Listed 15 days ago

348 Winnipeg Boulevard

East H, London East

$455,000

Detached|Bungalow
3 | 2 | 6
About this home

An exceptional investment or multi-generational family home in London's highly sought-after Argyle neighborhood! This all-brick bungalow offers incredible income potential or space for extended family, featuring 3 bright and spacious main-floor bedrooms with a modern 4-piece bath, alongside a fully finished basement boasting 3 additional versatile rooms and a second full bathroom. The main level welcomes you with a sun-filled, west-facing living room and an inviting eat-in kitchen, all situated on a premium, fully fenced, mature lot. Perfect for multi-tenant use or hosting guests, the oversized driveway easily accommodates up to 6 cars. Positioned in a prime rental location just 2.6 km (a quick 5-minute drive) from Fanshawe College, with a convenient transit stop right at your doorstep, this cash-flowing property is currently generating $3,300/month. Whether you are looking to house hack or add a turn-key asset to your portfolio, this versatile home represents an unmatched opportunity in today's market. Some of the pictures are virtually staged.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,950
Lot Size62.66 ft x 120.3 ft
mls© NumberX13682712
Listed ByTHE REALTY FIRM 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%
$2,329
Property tax
$246
Heat allowance
$150
Housing costs
$2,725 / mo

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

Down payment20% · $91,000
25-yr amortization

Income needed

$84,000

gross annual household income

Payment at 4%
$1,915 / mo
Cash down
$91,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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