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Listed 9 days ago

340 Riverside Drive

North N, London North

$499,999

Detached|1 1/2 Storey
3 | 3 | 5
About this home

Introducing 340 Riverside Dr. This Property Features an Abundance of possibilities (including severance) with a Triple Wide Lot (122 ft Frontage) and R2-2 Zoning. The Property is being sold as a Single Family Residential Which Features 2 Seperate in-Law Suites. Main House Includes 3 generously sized bedrooms with a large Open Concept kitchen/dining room, 2 living rooms which could easily be converted to an office, Den, or Gym. as well as a private back deck with loads of extra space throughout. In-Law Suite #1 has a separate Walk-Up Entrance Which includes 1 bedroom, an Open Concept Kitchen/Dining/Livingroom, with a 3 Piece Bath. In-Law Suite # 2 Is Completely Separated on the Main floor with a Private Entrance and Back yard making it Perfect to Maintain Privacy within the House, and add to the Possible uses to add value. Recently Updated Throughout with; updated Bathrooms, Fixtures, Main Unit Flooring, Granite Counter Tops, Privacy Fence, 200 Amp Breaker Panel as well as Brand New Furance (2026), and Owned Water Heater. Impeccable Landscaping lets you enjoy the peacefull view of mature trees while completeing forgetting you in the heart of London just minutes away from All amenities. This Property with endless possibilities would be a great invesment no matter if your a firstime home buyer, downsizer or investor.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,186
Lot Size122.08 ft x 99.78 ft
mls© NumberX13885530
Listed ByColdwell Banker G.R. Paret Realty Brokerage

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%
$2,559
Property tax
$516
Heat allowance
$150
Housing costs
$3,225 / mo

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

Down payment20% · $100,000
25-yr amortization

Income needed

$99,000

gross annual household income

Payment at 4%
$2,104 / mo
Cash down
$100,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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