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East B, London East
$895,000
ATTENTION INVESTORS/ FIRST TIME HOME BUYERS/ LARGE FAMILIES/ This Old North property has a lot of flexibility for a mortgage helper, main residence or a rental investment to add to your portfolio. Located in one of Londons most desirable neighbourhoods, this is a character-filled century home has a rental licence for 7 bedrooms, with 3+1 bathrooms. Walking in, you're welcomed by an oversized mudroom with plenty of room for coats, shoes and storage. From there, the home opens into a massive living room featuring original hardwood floors that carry through into the oversized dining room, creating a warm and inviting space for entertaining or everyday living.The kitchen sits at the rear of the home with original cabinetry and direct access to the fully fenced backyard. A convenient 2-piece bathroom completes the main level.Upstairs, the second floor features four generously sized bedrooms, all with hardwood flooring and ceiling fans, along with a 4-piece bathroom. Continue to the third level where you'll find two additional bedrooms, another 4-piece bathroom and a potential 8th bedroom with a slightly lower ceiling height and a walk-in closet. This level also includes a dedicated fire exit leading to the backyard . The lowest level has 2 bedrooms, a 3-piece bathroom and laundry/utility. Outside, enjoy a fully fenced yard with green space, a fire pit and a small porch area. Located within walking distance to downtown, Western University, St. Joseph's Hospital, grocery, and all amenities... Directly on a bus route! Whether you're considering student housing, professional rentals or a beautiful Old North family home, this property offers plenty of opportunity.
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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,130 |
| Lot Size | 26.5 ft x 80 ft |
| mls© Number | X14091110 |
| Listed By | RE/MAX ADVANTAGE REALTY LTD. |
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%
- $4,581
- Property tax
- $428
- Heat allowance
- $150
- Housing costs
- $5,159 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$159,000
gross annual household income
- Payment at 4%
- $3,766 / mo
- Cash down
- $179,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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