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East L, London East
$259,995
Impressivelly priced, this charming single-family bungalow sits on a private dead end street. Rathmine Street offers a well curated pocket with owners that genuinely have pride of ownership in their homes and act as a community of solid 'neighbourly' neighbours. This four bedrooms property is priced well to make for an ideal starter home, investment or flip opportunity with ample value potential, or as a quaint option for retirees and down-sizers. This property is being presented as a blank slate for new home owners to curate and finish the space to their preferences; making this an ideal handyman special, with the price of entry offering solid margins for those looking to improve the property. The property features a single car private parking (with addtional overflow parking on Little Simcoe St), a private gated and fenced in yard with a sizeable solid shed including an additional covered outdoor storage space. Electrical servicing upgrade to property is 200 AMPs done in 2025; wiring throughout property is copper wiring and electrical panel is 125 AMP breaker panel. Showings are encouraged anytime for this vacant property and offers are also welcome anytime!
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 100+ |
| Size | 700-1100 sq. ft. |
| Property Tax | $1,559 |
| Lot Size | 28.06 ft x 90.09 ft |
| mls© Number | X13885474 |
| Listed By | EXP REALTY |
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%
- $1,331
- Property tax
- $130
- Heat allowance
- $150
- Housing costs
- $1,611 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$50,000
gross annual household income
- Payment at 4%
- $1,094 / mo
- Cash down
- $51,999
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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