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Price Change$0

834 Colborne Street

East B, London East

$670,000

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

In the heart of London's Old North, an exceptional opportunity awaits buyers looking for an oversized (1,800+ sf) 4 bed, 2 bath, classic Old North home with an amazing twist ... a stunning 220 sf post and beam great room addition (1999). This bright, open space is where celebrations will be held, meals will be shared and memories will be made and is complimented by the beauty of classic yellow brick Century home features. The versatile layout will appeal to families, professionals looking for in-home business space and investors alike. The large backyard is truly a natural pleasure with its wandering path, pond and raised gardens, garden shed and insulated shed/workshop. Plenty of private parking plus easy access to bus routes and bike lanes. Updates include flooring, windows, electrical (1998), HY-GRADE steel roof (2008 & 2011), Ruud high Efficiency furnace (2013), basement insulation, replaced water line to the City water supply and main sewer upgrade (2008) to name a few. R2-2 zoning provides multi family opportunity. Minutes from St. Joseph and University Hospitals, Western U, Old North's dining and shopping and downtown, 834 Colborne St. is a unique property offering an amazing opportunity for families, professionals and income property investors.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$6,183
Lot Size41 ft x 149.29 ft
mls© NumberX13730534
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%
$3,429
Property tax
$515
Heat allowance
$150
Housing costs
$4,095 / mo

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

Down payment20% · $134,000
25-yr amortization

Income needed

$126,000

gross annual household income

Payment at 4%
$2,819 / mo
Cash down
$134,000

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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