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Listed 18 days ago

53 Victoria Street

East B, London East

$699,900

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

Don't miss this rare opportunity to own a prime piece of real estate in one of London's most desirable locations! Quick 15-minute walk to UWO - Backing directly onto the Thames Valley Parkway and spectacular Gibbons Park, this property is one of fewer than 50 properties that enjoy this exceptional park setting. Situated on an impressive 40 foot by 225.75 foot lot, this 1.5 storey home offers incredible potential for renovation or redevelopment, with endless possibilities for investors, builders and those looking to create something truly unique. Steps down from Gibbons Park Montessori School. Book your showing today and explore the potential this exceptional property has to offer.This is an estate sale being handled by the Estate Trustee. The home has been unoccupied for quite sometime and is in need of repairs. The property is being sold as is where is, with no warranties or representations by the seller.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age100+
Size1500-2000 sq. ft.
Property Tax$5,803
Lot Size40 ft x 225.75 ft
mls© NumberX13738822
Listed ByCENTURY 21 FIRST CANADIAN CORP. DEAN SOUFAN INC.

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%
$3,582
Property tax
$484
Heat allowance
$150
Housing costs
$4,216 / mo

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

Down payment20% · $139,980
25-yr amortization

Income needed

$130,000

gross annual household income

Payment at 4%
$2,945 / mo
Cash down
$139,980

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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