1806 Parkhurst Avenue
East H, London East
$1,150,000
ATTN INVESTORS, BUILDERS, DEVELOPERS! 0.9ACRE, MATURE LOT IN ESTABLISHED SUBDIVISION WITH HYDRO, GAS, WATER AND SEWERS. AN EXCELLENT OPPORTUNITY TO ADD EQUITY TO AN EXISTING LOT.3+1 BEDROOM, 3 BATH BRICK BUNGALOW w/finished basement, 1.5 attached insulated garage (presently used as a game/exercise room) can be converted to bedroom, or other type of accommodation for income potential. Situated on a 66'x 629' lot it's a great opportunity to add a Rear Unit Dwelling for added equity.Bungalow is in mint condition, move in ready,granite counters, hardwood floors, gas fireplace, hot tub, Lennox Furnace; shingles 50 year warranty 2021; 3 garden sheds, appliances included. Hot tub. 12X16 deck w/gazebo; bbq gas hookup; insulated garage 2 remotes. Riding lawn mower. Located minutes to Argyle Mall, Fanshawe College, Veterans Memorial Parkway/401.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,513 |
| Lot Size | 66 ft x 629 ft |
| mls© Number | X13732150 |
| Listed By | CENTURY 21 FIRST CANADIAN CORP |
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%
- $5,886
- Property tax
- $459
- Heat allowance
- $150
- Housing costs
- $6,496 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$200,000
gross annual household income
- Payment at 4%
- $4,839 / mo
- Cash down
- $230,000
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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