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Price Change$375,000

563 South Street S

East K, London East

$365,000

Detached|Bungalow
3 | 1 | 2
About this home

There's something easy to like about this little SoHo bungalow. With three bedrooms, one full bathroom, a comfortable living room and a surprisingly large dining room, the layout offers more space than you might expect. Whether you're hosting dinner, working from home or just want a little extra breathing room, there's plenty of flexibility here.The fenced backyard has room to relax, garden or let the dog run, with a patio area for summer evenings, a storage shed for all the extras and parking for two vehicles. It's a practical home with a manageable footprint and plenty of opportunity to make it your own over time. And then there's the neighbourhood. SoHo puts you close to downtown, transit, shopping, restaurants, the Thames River and everyday amenities, while the area itself continues to evolve. Major redevelopment of the former Victoria Hospital lands is well underway, bringing hundreds of new homes to the neighbourhood, with additional greenspace and public spaces planned as the area continues to grow. For first-time buyers, downsizers or anyone looking for an affordable way to get into a neighbourhood with a lot happening around it, this one is worth a look. Come see the space, picture what you'd do with it and decide if this little SoHo bungalow feels like home.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age100+
Size700-1100 sq. ft.
Property Tax$1,760
Lot Size28 ft x 92 ft
mls© NumberX13812608
Listed ByREAL BROKER ONTARIO LTD

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%
$1,868
Property tax
$147
Heat allowance
$150
Housing costs
$2,165 / mo

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

Down payment20% · $73,000
25-yr amortization

Income needed

$67,000

gross annual household income

Payment at 4%
$1,536 / mo
Cash down
$73,000

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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