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New4 days ago

236 Highbury Avenue N

East O, London East

$539,000

Detached|Bungalow
3 | 2 | 6
About this home

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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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,034
Lot Size50.05 ft x 150.11 ft
mls© NumberX14087240
Listed ByRIGHT AT HOME REALTY

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%
$2,759
Property tax
$253
Heat allowance
$150
Housing costs
$3,162 / mo

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

Down payment20% · $107,800
25-yr amortization

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 check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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