245 Bernard Avenue
East B, London East
$799,900
UNIQUE OPPORTUNITY FOR THE SAVVY INVESTOR and/or UWO PARENTS! STEPS FROM THE RICHMOND GATES OF UWO, THIS HOME EXUDES ORIGINAL CHARM WITH A BEAMED CATHEDRAL CEILING IN THE MAIN FLOOR LIVING ROOM THAT FEATURES BUILT-INS AND A GORGEOUS NATURAL FIREPLACE MANTLE + OVERHEAD BALCONY! OTHER AMAZING FEATURES INCLUDE MAIN FLOOR LAUNDRY OFF THE KITCHEN, A LARGE RECENTLY RENOVATED EAT-IN KITCHEN WITH QUARTZ COUNTERTOPS AND 4 +1 BEDROOMS, 2.5 BATHS AND PLENTY OF COMMON AREA! THIS PROPERTY IS A PLEASURE TO SHOW AND OFFERS THE IDEAL LOCATION, CLOSE TO UWO CAMPUS, WALKING TRAILS, THE THAMES RIVER AND SHOPPING (MASONVILLE)! PUBLIC TRANSIT IS JUST A SHORT WALK AWAY! CURRENTLY RENTED AT $800.00/BEDROOM +UTILITIES. PROPERTY WILL BE VACANT FOR MAY 1, 2027.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $7,913 |
| Lot Size | 48.89 ft x 125.68 ft |
| mls© Number | X13827324 |
| Listed By | RE/MAX CENTRE CITY REALTY INC. |
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%
- $4,094
- Property tax
- $659
- Heat allowance
- $150
- Housing costs
- $4,904 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$151,000
gross annual household income
- Payment at 4%
- $3,366 / mo
- Cash down
- $159,980
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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