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New5 days ago

984 Fanshawe Park Road E

North C, London North

$859,900

Detached|1 1/2 Storey
4 | 2 | 5
About this home

Attention developers and investors: 984 Fanshawe Park Road E offers an approximately 0.50-acre lot with 150.24 ft of frontage and 126.03 ft of depth, zoned R5-3/R6-5. Explore the potential for medium-density residential development; buyers to verify zoning boundaries, permitted uses, servicing, density and development feasibility with the City of London.The existing 1-storey brick home features four bedrooms and two bathrooms, including a main-floor primary bedroom. The main level also offers an eat-in kitchen and separate living, sitting and dining areas, with two additional bedrooms upstairs. A finished walkout basement adds a 3-piece bath, laundry and flexible living space. Outside are a covered patio, attached garage and double driveway. Updates include the furnace (2021), roof (2019), bay window and exterior door (2024).

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,359
Lot Size150.24 ft x 126.03 ft
mls© NumberX14082550
Listed ByRE/MAX CENTRE CITY REALTY INC

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%
$4,401
Property tax
$363
Heat allowance
$150
Housing costs
$4,915 / mo

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

Down payment20% · $171,980
25-yr amortization

Income needed

$151,000

gross annual household income

Payment at 4%
$3,619 / mo
Cash down
$171,980

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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