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Listed 19 days ago

5 Cove Road

South E, London South

$499,000

Detached|2 1/2 Storey
4 | 2 | 3
About this home

Welcome to The Coves, one of London's best-kept secrets, where nature, character and community come together. Surrounded by environmentally significant green space, peaceful ponds and winding walking trails, this unique neighbourhood offers a feeling of being tucked away from the city while keeping everything you need close at hand. It's a setting that makes it easy to forget you're still right in the city. With fall just around the corner, imagine relaxing on the front porch swing, included with the home, while enjoying the changing colours of the forest just across the way. Step off the porch and you are moments from beautiful walking paths where every season brings something new to enjoy. This charming 2.5 storey red brick home offers plenty of room for a growing or busy family, with generous bedrooms, parking for three vehicles and an easy-care yard. One of the home's unexpected bonuses is the fully finished attic, accessed by a full staircase and offering flexible additional living space. Create a cozy upper family room, a private parents' retreat, or even a spacious primary bedroom tucked away on its own level. The basement, with its separate entrance, kitchenette and 3-piece bath, provides a great space for a teenager or young adult wanting a little independence while still being close to home. Just a short walk away is Wortley Village, with its local shops, restaurants and welcoming community atmosphere. The Coves itself has a wonderful neighbourhood feel, including organized street gatherings that make it easy to get to know the people around you. If you have been looking for a home with character, space and a setting that feels a little different from anywhere else in the city, this one deserves another look. Come experience The Coves and see why people who discover this neighbourhood tend to fall in love with it.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$3,437
Lot Size35.59 ft x 70.83 ft
mls© NumberX13736028
Listed ByKELLER WILLIAMS LIFESTYLES

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%
$2,554
Property tax
$286
Heat allowance
$150
Housing costs
$2,991 / mo

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

Down payment20% · $99,800
25-yr amortization

Income needed

$92,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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