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Listed 12 days ago

40 Magee Street

East O, London East

$439,900

Detached|1 1/2 Storey
3 | 1 | 4
About this home

Nestled in the quiet and sought-after neighbourhood of Fairmont in East London, is a charming 1 1/2 Storey home sitting on an impressive double lot, that offers endless possibilities for families, first-time home buyers, or investors alike! Welcome to 40 Magee Street.... From the moment you arrive, take in the spacious 4-car driveway, mature surroundings, and show stopping curb appeal! Step inside to discover so much more... With a bright and functional layout featuring an expansive living room, inviting kitchen, 3 well-appointed bedrooms - with the primary bedroom being on the main floor, and a 4-piece bathroom. The lower level is a blank canvas awaiting your personal touch! With additional living space, this offers plenty of room for a recreation area, home office, gym, or future customization to suit your needs. This beautiful home offers many thoughtful upgrades! With a new roof (2025), newer A/C and Furnace (2022), as well as your hot water tank that is owned (2024), you can move in with ease knowing all your big ticket items are covered. Outside, 40 Magee truly stands out among the rest! The expansive backyard offers endless opportunities to entertain, garden, or simply relax while enjoying the extra space that a double lot provides. You also have a large shed, perfect for storing all your gardening equipment! Conveniently located close to parks, schools, shopping, public transit, and everyday amenities, this home is full of potential in a fantastic location. Don't miss your opportunity to make it yours- don't delay, book your showing today!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,733
Lot Size60 ft x 132 ft
mls© NumberX13697274
Listed ByKELLER WILLIAMS LIFESTYLES

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%
$2,252
Property tax
$228
Heat allowance
$150
Housing costs
$2,629 / mo

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

Down payment20% · $87,980
25-yr amortization

Income needed

$81,000

gross annual household income

Payment at 4%
$1,851 / mo
Cash down
$87,980

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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