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New5 hours ago

1806 Parkhurst Avenue

East H, London East

$1,150,000

Detached|Bungalow
3 | 3 | 5
About this home

ATTN INVESTORS, BUILDERS, DEVELOPERS! 0.9 ACRE, MATURE LOT IN ESTABLISHED SUBDIVISION WITH HYDRO, GAS, WATER AND SEWERS. AN EXCELLENT OPPORTUNITY TO ADD EQUITY TO AN EXISTING LOT. Mature lot (0.9 acre) in an etablished subdivision with hydro, gas, water, and sewer; 3+1 BEDROOM, 3 BATH BRICK BUNGALOW w/finished basement, 1.5 attached insulated garage (presently used as a game/exercise room) can be converted to bedroom, or other type of accomodation for income potential. Situated on a 66'x629' lot it's a great opportunity to add a Rear Unit Dwelling for added equity. Bungalow is in mint condition, move in ready, 3 bathrooms, 3+1 bedrooms, finished basement, granite counters, hardwood floors, gas fireplace, hot tub, Lennox Furnace; shingles 50 year warranty 2021; 3 garden sheds, appliances included. Hottub. 12X16 deck w/gazebo; bbq gas hookup, insulated garage 2 remotes. Riding lawn mower. Located minutes to Argyle Mall, Fanshawe College, Veterans Memorial Parkway/401

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,513
Lot Size66 ft x 629 ft
mls© NumberX13732150
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%
$5,886
Property tax
$459
Heat allowance
$150
Housing costs
$6,496 / mo

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

Down payment20% · $230,000
25-yr amortization

Income needed

$200,000

gross annual household income

Payment at 4%
$4,839 / mo
Cash down
$230,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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