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Price Change$499,900

223 Michaelmas Street

East C, London East

$489,900

Detached|Bungalow
2 | 2 | 5
About this home

Fantastic two-bedroom bungalow on a quiet street with easy access to schools, parks and a variety of neighbourhood amenities. Proudly owned by just the second owners, this well-maintained home has been thoughtfully updated over the past five years, including new basement windows (2026), HVAC ductwork (2024), air conditioning (2025), refaced kitchen cabinets (2023), new refrigerator (2024) and dishwasher (2022), an updated front porch and refreshed décor throughout the main level. The unspoiled lower level features a two-piece bathroom and offers plenty of potential for additional living space, a recreation room, home office or hobby area. The current dining room also provides the flexibility to be converted into a third bedroom, if desired. A detached garage provides valuable additional parking and can easily accommodate a workshop or hobby space. Outside, enjoy the large, fully fenced and beautifully shaded backyard, complete with gazebo, providing the perfect setting for relaxing and enjoying quiet summer days. A wonderful opportunity to own a charming, well-maintained bungalow in a convenient and established neighbourhood.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,404
Lot Size60 ft x 132 ft
mls© NumberX13847244
Listed ByTHE REALTY FIRM INC.

Listing History

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  • 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%
$2,508
Property tax
$367
Heat allowance
$150
Housing costs
$3,025 / mo

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

Down payment20% · $97,980
25-yr amortization

Income needed

$93,000

gross annual household income

Payment at 4%
$2,062 / mo
Cash down
$97,980

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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