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South E, London South
$499,900
Much larger than it appears, this beautifully updated 4-bedroom, 3-bathroom home offers exceptional flexibility for families, multi-generational living, or savvy buyers looking for additional income. Backing directly onto Euston Park and the natural beauty of the Coves area, you'll enjoy a rare combination of privacy, green space, and city convenience, with no back neighbours, ever. Thoughtfully renovated in 2016, the home features two updated kitchens, three full bathrooms, updated flooring, trim, hardware, exterior siding, insulation, plumbing, electrical, furnace, and air conditioning. The bright and spacious main level offers generous living and dining spaces, a large eat-in kitchen, convenient main floor laundry, and direct access to the sunny south-facing backyard. One of the standout features is the self-contained lower-level suite with its own entrance, kitchen, bathroom, and laundry. Currently leased month-to-month to an excellent long-term tenant for $1,200/month inclusive of utilities, it provides an outstanding mortgage helper, with the tenant eager to remain if desired. Step outside to a private backyard retreat complete with a gas line-fed BBQ (incl.), storage shed, and direct access to Euston Park. The park stretches out behind the property with grasslands, walking paths, and a connection to the environmentally significant Coves area, creating a peaceful backdrop rarely found within the city. Evenings and weekends are especially quiet here, with just one active side neighbour and nothing but green space at the back. This is also a smart location for attracting tenants: a city bus route runs nearby, offering easy access to nearby amenities, an easy sell for future renters. Additional features include parking for up to three vehicles and proximity to schools, shopping, parks, and everyday conveniences. This is a rare opportunity to own a spacious, income-generating home with a truly remarkable natural setting right in the heart of the city.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,001 |
| Lot Size | 35 ft x 110 ft |
| mls© Number | X13833930 |
| Listed By | THRIVE REALTY GROUP 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%
- $2,559
- Property tax
- $250
- Heat allowance
- $150
- Housing costs
- $2,959 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$91,000
gross annual household income
- Payment at 4%
- $2,104 / mo
- Cash down
- $99,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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