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Listed 13 days ago

61 Wistow Street

East C, London East

$507,500

Detached|Bungalow
3 | 2 | 4
About this home

Investor Alert! Brick Bungalow with Separate Lower-Level Entrance on a 54' x 230' Lot. This well-located brick bungalow offers excellent flexibility for investors, first-time buyers, or those looking for additional living space. Situated on a generous 54' x 230' fully fenced, park-like lot. The main level offers three bedrooms, a four-piece bathroom, and a spacious living room and dining area. The lower level includes two additional bedrooms, a three-piece bathroom, and a kitchen/living area, providing potential for a secondary living space or rental arrangement. Located along bus routes providing convenient access to Fanshawe College, Western University, and Downtown London, with a playground and schools directly nearby at Flanders Park. The property is also close to shopping, amenities, and Highway 401 access. With its large lot, separate lower-level access, and proximity to major educational institutions and amenities, this property offers a variety of possibilities - whether you're looking to live in the home, create a multi-generational setup, or explore its potential as an investment property. **Property is being sold in "as is, where is" condition with no representations or warranties by the Seller.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,543
Lot Size54.33 ft x 229.68 ft
mls© NumberX13868442
Listed ByCENTURY 21 FIRST CANADIAN CORP

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%
$2,598
Property tax
$379
Heat allowance
$150
Housing costs
$3,126 / mo

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

Down payment20% · $101,500
25-yr amortization

Income needed

$96,000

gross annual household income

Payment at 4%
$2,136 / mo
Cash down
$101,500

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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