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New3 days ago

1678 Dale Street

East H, London East

$509,900

Detached|Bungalow
2 | 2 | 5
About this home

Versatile property that will appeal to investors, buyers looking for a mortgage helper or large family wanting a move-in ready place to settle. This brick bungalow sits on a fenced lot within walking distance to Fanshawe College near schools, shopping and transit. It has been freshly painted and is mostly carpet free. Plenty of bedrooms, two bathrooms, and convenient stackable washer and dryer (2021) in the lower level plus parking for at least five vehicles. Updates (per previous listing) include shingles (2017), eaves and soffits (2020), exterior doors (2017/2018) and most windows have been replaced. Furnace updated in 2021. With the large living room and convenient lower rec room, there is ample room for everyone to gather or have some space. Property is easy to show and quick possession is possible/preferred.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,007
Lot Size54 ft x 131.11 ft
mls© NumberX14087966
Listed ByROYAL LEPAGE TRILAND 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%
$2,610
Property tax
$334
Heat allowance
$150
Housing costs
$3,094 / mo

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

Down payment20% · $101,980
25-yr amortization

Income needed

$95,000

gross annual household income

Payment at 4%
$2,146 / mo
Cash down
$101,980

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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