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Listed 21 days ago

5 - 448 Commissioners Road E

South G, London South

$599,900

Detached|Bungalow
3 | 2 | 4 | 0
About this home

Outstanding Value! Rare opportunity to purchase in this unique infill enclave of 12 freehold fully detached bungalow homes constructed in 2002 on a private road in this prime Old South location! Superb bungalow situated at the back of the enclave in a quiet location distanced from Commissioners & backing onto large lot single family home. No heavy condo fees here: $90 monthly fee covers cost of road maintenance, snow removal on road & maintenance/landscaping of common areas. Owners responsible for their own snow removal for driveways as well as their own lawn maintenance & overall property maintenance. Spotless & impeccably cared for original owner home features an excellent layout-floorplan of just under 1,700 sq. ft. on the main floor with 3 bedrooms including Primary Bedroom with full 4 piece ensuite with separate tub & shower. Bright & spacious combined Living/Dining Room w/Gas Fireplace allows for lots of flexibility in arranging furniture & maple shaker kitchen offers up a large eating area with patio door overlooking a very private deck/patio. Additional full 4 piece bath & main floor laundry, all rooms in either ceramic tile or gleaming, superb condition, real hardwood flooring. Unfinished basement is a clean slate for those wanting to finish/create extra space in the lower level, or simply excellent storage for those downsizing from a larger home. This unique grouping of newer bungalows in Old South has a superb overall feel & is ideal for professionals with a desire to be close to Victoria Hospital or the 401 & other South end amenities, buyers seeking a more modern alternative in Old South, or retirees looking for a prime south end condo alternative without the high fees. A/C & Furnace circa 2013 & frequently service by owner. Roof approximately 10 years old. Water Heater owned. Sprinkler system for lawn. Note: 1) 3 bedrooms all on main 2) fully detached 3) approximately 1,700 SF w/double garage 4) very private rear deck!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age16-30
Size1500-2000 sq. ft.
Property Tax$6,052
mls© NumberX13727934
Listed ByRE/MAX CENTRE CITY REALTY INC.

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%
$3,071
Property tax
$504
Heat allowance
$150
Housing costs
$3,725 / mo

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

Down payment20% · $119,980
25-yr amortization

Income needed

$115,000

gross annual household income

Payment at 4%
$2,524 / mo
Cash down
$119,980

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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