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East A, London East
$589,900
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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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $5,026 |
| Lot Size | 60 ft x 138 ft |
| mls© Number | X13727372 |
| Listed By | CENTURY 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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