







565 South Street S
East K, London East
$324,999
Attention investors, Builders and Contractors Renovators! Prime location, trendy growing area, solid potential, this bungalow is ready for your personal touch. The property is close to transit, amenities and downtown. Strong potential for rental with separate entrances. With a little TLC, this property can truly shine and unlock even greater returns. Important updates include roof (2010), siding, doors and windows (2011), furnace and A/C (2011), rental water heater (2012), and attic insulation (2014), helping reduce major capital costs. Add value, build equity, and capitalize on the upside this amazing property offers. Great opportunity for making an additional Residential Unit at the back. Properties as is, where is.
No extras listed.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 100+ |
| Size | 700-1100 sq. ft. |
| Property Tax | $2,012 |
| Lot Size | 29 ft x 93.14 ft |
| mls© Number | X13734730 |
| Listed By | RIGHT AT HOME REALTY |
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%
- $1,663
- Property tax
- $168
- Heat allowance
- $150
- Housing costs
- $1,981 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$61,000
gross annual household income
- Payment at 4%
- $1,368 / mo
- Cash down
- $65,000
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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