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New6 days ago

944 Collins Drive

South L, London South

$1,188,000

Detached|2-Storey
4 | 4 | 4
About this home

Some homes are priced by square footage. This one must be measured by what it would take to recreate it. 944 Collins Drive combines approximately 4,300 total sq. ft., an extensively finished walkout lower level and a level of custom indoor and outdoor investment rarely included with a builder's base price.Inside, a dramatic Jatoba hardwood staircase creates an impressive first impression. The open main floor offers generous living and entertaining areas, a dedicated office or library, Makore wood cabinetry in the kitchen, Caesarstone counters, and a kitchen overlooking the family room and backyard. Upstairs are four spacious bedrooms, including a completely renovated spa-inspired ensuite with heated floors, an oversized glass shower, dual shower heads, a freestanding tub, and illuminated furniture-style vanities.The finished lower level provides exceptional additional living space with in-floor heating, backyard access and room for recreation, guests, a gym or potential fifth bedroom.Outside, the investment continues with a saltwater pool, newer gas heater, covered raised deck, cabana bar, outdoor dining areas, built-in stone pizza oven, charcoal grill, extensive hardscaping and mature landscaping. Add 50-year shingles installed in 2020, upgraded mechanical components and numerous recent improvements, and the value becomes clear.No construction delays. No years of landscaping and upgrades. No unfinished backyard. Just a distinctive, move-in-ready home where the expensive work has already been completed.

Extras

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age16-30
Size2500-3000 sq. ft.
Property Tax$8,514
Lot Size60.18 ft x 120.46 ft
mls© NumberX13716846
Listed ByTHRIVE REALTY GROUP 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%
$6,081
Property tax
$710
Heat allowance
$150
Housing costs
$6,940 / mo

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

Down payment20% · $237,600
25-yr amortization

Income needed

$214,000

gross annual household income

Payment at 4%
$4,999 / mo
Cash down
$237,600

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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