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Listed 15 days ago

501 COMMISSIONERS Road E

South R, London South

$699,000

Detached|Sidesplit 3
2 | 4 | 10
About this home

Immaculate 3 level side split with a double garage, sitting on an extra large lot of 87 X 110 ft; Spacious home with 1942 sqft above grade, plus 600 sqft fully finished basment. Main level features a huge living room with fireplace and hardwood floor, family room with gas fireplace. Fully renovated kitchen has upgraded cabinet, quiz countertop and newer stainless appliance. Upper level has 2 bedrooms and 2 bathrooms, Masterbedroom has walk in closet and ensuite bath. a skylight in the large foyer and 2 fireplaces on the main level. Lower level has a bedroom, a full bath and a Rec room. Extra long driveway with a turn around holds up to 10 parking spaces. Walking distance to 2 elementary schools and 1secondary school. A lot of upgrades: Fully rennovated Kitchen cabinet, quiz countertop and newer stainless appliance (2017); renovated basement floor tiles, carpet and bathroom (2018), Concrete driveway (2023); Replaced 14 new windows (2024) (kitchen window, family room big window and arch window, basement windows), furnace (2024). Walking distance to stores, restaurants, transit, and Victoria Hospital.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleSidesplit 3
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$5,181
Lot Size87 ft x 110.78 ft
mls© NumberX13685708
Listed ByCENTURY 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%
$3,578
Property tax
$432
Heat allowance
$150
Housing costs
$4,160 / mo

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

Down payment20% · $139,800
25-yr amortization

Income needed

$128,000

gross annual household income

Payment at 4%
$2,942 / mo
Cash down
$139,800

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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