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Listed 21 days ago

96 Wethered Street

East C, London East

$639,900

Detached|Bungalow
3 | 2 | 12
About this home

Fully Permitted Renovation with In-Law Suite & 26' x 30' Detached Shop! Welcome to 96 Wethered St. Opportunities like this are rare. Featuring two fully renovated dwellings and a massive detached shop, this versatile property is ideal for investors, multi-generational families, or owner-occupants looking to offset their mortgage. Located just 1.7 km from Fanshawe College, the property offers exceptional income potential. With projected rents of $850 per bedroom plus approximately $750/month for the shop, the property has the potential to generate $5,125/month in gross income, representing an estimated 7.97% cap rate. Step inside and you'll immediately notice durable luxury vinyl plank flooring throughout. The bright, open-concept main floor features an island kitchen with quartz countertops, an Italian inspired backsplash, fluted range hood and brand-new stainless steel appliances. Down the hall are three bedrooms and an updated 3-piece bathroom with quartz counters, black fixtures and beautiful sconces. A separate entrance leads to the lower level, where you'll find another bright living space with high ceilings, an open-concept kitchen, living and dining area, quartz countertops, stainless steel appliances, two bedrooms, and a full bathroom. Outside, the manicured yard is complemented by a 120-foot paved driveway leading to the impressive 26' x 30' detached shop. Perfect for vehicle storage, hobbies, a workshop, or additional rental income. A garden shed provides even more storage space. This fully permitted renovation also includes major updates for peace of mind: Furnace (2025), A/C (2025), Roof (2025), Plumbing (2025), Electrical (2025), Basement Windows (2025), and Paved Driveway (2026). A turnkey property offering flexibility, functionality, and exceptional income potential. Book your showing today!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$3,655
Lot Size60.15 ft x 133.8 ft
mls© NumberX13837642
Listed BySAKER REALTY CORPORATION

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%
$3,275
Property tax
$305
Heat allowance
$150
Housing costs
$3,730 / mo

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

Down payment20% · $127,980
25-yr amortization

Income needed

$115,000

gross annual household income

Payment at 4%
$2,693 / mo
Cash down
$127,980

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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