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Listed 26 days ago

342 Fleming Drive

East D, London East

$495,000

Detached|Bungalow
2 | 2 | 2
About this home

Welcome to 342 Fleming Drive! This newly renovated 1995-built single-story bungalow sits proudly on a desirable corner lot, offering incredible versatility for both families and investors alike. Offering a functional and spacious layout, the 996-square-foot main floor features 2 bedrooms and 1 full bathroom, with the primary bedroom boasting a convenient walk-out door with direct access to the backyard. Downstairs, the finished 747-square-foot space of basement adds 3 additional bedrooms, a second full bathroom, and a fantastic designated space for an entertainment center, providing exceptional overall living space. Location is everything here, situated within easy walking distance to Fanshawe College, close to local elementary schools, and nearby public transit stops for a car-free commute. Completely move-in ready for the right owner, this property also offers the added value of a water heater rental to be bought out by the seller prior to closing. Whether you are searching for a wonderful home for a growing family or a high-demand investment property near campus, 342 Fleming Drive is a must-see!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,571
Lot Size48.12 ft x 111.28 ft
mls© NumberX13821728
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%
$2,534
Property tax
$298
Heat allowance
$150
Housing costs
$2,981 / mo

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

Down payment20% · $99,000
25-yr amortization

Income needed

$92,000

gross annual household income

Payment at 4%
$2,083 / mo
Cash down
$99,000

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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