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East O, London East
$539,000
Opportunities like this don't come often! Perfect extended -family or granny suite. $$$ For additional income potential or extra living space in fully finished Basement with separate entrance and separate cooking area- this is a prime opportunity for investors or savvy buyers seeking built-in rental income from day one. Beautifully maintained Brick Bungalow , lovingly cared for the owners. Conveniently located with easy highway access, this home offers a quick commute to the college and is close to a wide range of amenities. The main level features an open-concept living room, Dining hall & renovated kitchen with new appliances. 3 generous bedrooms and 1 full bathroom. The lower level offers 2 bedrooms, 1 full bathroom and cooking area and SEPARATE ENTRANCE, providing excellent flexibility for extended family. Enjoy a large fenced backyard with sheds. Long driveway, with 6 parking. Corner lot offering-Possibility for Garden suite, additional residential unitor other permitted infrastructure, subject to applicable city zoning bylaws and municipal approvals. New appliances, new metal roof. SEPARATE ENTRANCE quick access to Highway 401.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 700-1100 sq. ft. |
| Property Tax | $3,034 |
| Lot Size | 50.05 ft x 150.11 ft |
| mls© Number | X14087240 |
| Listed By | RIGHT AT HOME 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%
- $2,759
- Property tax
- $253
- Heat allowance
- $150
- Housing costs
- $3,162 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$97,000
gross annual household income
- Payment at 4%
- $2,268 / mo
- Cash down
- $107,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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