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Listed 1 month ago

16 - 25 ERICA Crescent

South X, London South

$415,000

Condo Townhouse |
3 | 3 | 2 | 0
About this home

Welcome to 25 Erica Cres, Unit 16, a well-maintained townhouse located in White Oaks. This home offers three spacious bedrooms and 2.5 bathrooms. The main floor features a convenient 2-piece bathroom and a large living room with a bay window, feature wall and wood beam detail. The updated kitchen offers cabinetry to the ceiling, a newer backsplash and patio doors leading to a fully fenced private backyard. Upstairs, you will find three bedrooms, including a spacious primary bedroom with double closets, along with a 4-piece bathroom. The finished lower level includes a comfortable family room that could also be used as a home office, a 3-piece bathroom and a large laundry room with plenty of storage. Additional features include private parking for two vehicles, a carport and plenty of visitor parking.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Townhouse
Style2-Storey
Approx. Age31-50
Size1200-1399 sq. ft.
Maintenance Fees$370
LockerNone
BalconyNone
ExposureNorth East
Parking TypeNone
Parking Spaces2
Parking FeaturesPrivate, Tandem
Property Tax$2,045
mls© NumberX13777462
Listed ByBLUE FOREST REALTY INC.
Building Insurance Included
Common Elements Included
Parking Included

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%
$2,124
Property tax
$170
Heat allowance
$150
Condo fees, half counted
$185
Housing costs
$2,630 / mo

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

Down payment20% · $83,000
25-yr amortization

Income needed

$81,000

gross annual household income

Payment at 4%
$1,746 / mo
Cash down
$83,000

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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