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East M, London East
$579,900
Exceptional Investment Opportunity in Old East London! This well-maintained income property offers an excellent opportunity for first-time buyers and investors alike, featuring Seprate Entrance four parking spaces, a private fenced yard, and convenient on-site laundry. Both the main-floor and lower-level units offer strong rental potential and the opportunity for immediate income. Recent updates include fresh paint, a newer roof, high-efficiency furnace, and air conditioning, providing added comfort and peace of mind. Ideally located within walking distance of Silverwood Arena, St. Julien Park, schools, shopping, public transit, and other everyday amenities, this property combines convenience with excellent investment potential, with estimated rental income of approximately $3,800 per month including Upper and lower portion . A great opportunity to own an income-generating property in a growing and desirable London neighbourhood.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,722 |
| Lot Size | 50 ft x 82 ft |
| mls© Number | X13869534 |
| Listed By | RE/MAX EXCELLENCE REAL ESTATE |
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%
- $2,968
- Property tax
- $310
- Heat allowance
- $150
- Housing costs
- $3,428 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$105,000
gross annual household income
- Payment at 4%
- $2,440 / mo
- Cash down
- $115,980
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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