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New1 day ago

351 Briarhill Avenue

East A, London East

$589,900

Detached|Bungalow
2 | 2 | 2
About this home

Exciting opportunity for investors or buyers looking for additional income! This fully renovated 4 bedroom, 2 bathroom solid brick bungalow offers a fantastic opportunity to offset your mortgage with a walk out basement. The lower level features a separate entrance, second kitchen, laundry hookups, and convenient walkout access, providing excellent versatility for rental or extended family use. Meticulously updated throughout, this home features updated electrical and plumbing (2021), newer windows and doors (2020), new insulation throughout (2020), and newer kitchen appliances (2020). The professionally stained brick exterior adds to the home's impressive curb appeal, while the extensive updates make this property truly move in ready. Situated on a generous, private lot that feels like your own park, the property is surrounded by majestic mature trees, creating a peaceful and picturesque setting. A rare combination of modern updates, flexible living space, and natural beauty, this home is an excellent opportunity for homeowners and investors alike.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$5,026
Lot Size60 ft x 138 ft
mls© NumberX13727372
Listed ByCENTURY 21 FIRST CANADIAN CORP. DEAN SOUFAN 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%
$3,019
Property tax
$419
Heat allowance
$150
Housing costs
$3,588 / mo

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

Down payment20% · $117,980
25-yr amortization

Income needed

$110,000

gross annual household income

Payment at 4%
$2,482 / mo
Cash down
$117,980

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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