1790 Parkhurst Avenue
East H, London East
$1,150,000
ATTN INVESTORS, BUILDERS, DEVELOPERS! 1.6 ACRES. MATURE LOT IN ESTABLISHED SUBDIVISION WITH HYDRO, GAS, WATER AND SEWERS. AN EXCELLENT OPPORTUNITY TO ADD EQUITY TO AN EXISTING LOT. 2 PROPERTIES, CONSISTING OF 3 RENTAL UNITS; ONE SUITE IS OWNER OCCUPIED. THE MAIN HOUSE HAS TWO UNITS; MAIN FLOOR: 2 BEDROOMS, 1-4P BATH, LR, DR, KITCHEN & LAUNDRY; UPPER UNIT: OWNER OCCUPIED AND IT IS 1 BEDROOM 1 4P BATH, LIVING ROOM, KITCHEN, IN SUITE LAUNDRY. THE THIRD UNIT IS LOCATED IN THE REAR COTTAGE, 1 BEDROOM, 1-4P BATH, LR, DR, KITCHEN, IN-SUITE LAUNDRY. ALL FULLY RENTED TO RELIABLE RENANTS WHO PREFER TO STAY ON. Great location, close to schools, shopping, Fanshawe College and the Argyle Shopping Centre, VMP and 401.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,761 |
| Lot Size | 52 ft x 621.1 ft |
| mls© Number | X13731050 |
| Listed By | CENTURY 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%
- $5,886
- Property tax
- $397
- Heat allowance
- $150
- Housing costs
- $6,433 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$198,000
gross annual household income
- Payment at 4%
- $4,839 / mo
- Cash down
- $230,000
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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