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Listed 18 days ago

575 QUEENS Avenue

East F, London East

$515,000

Detached|2 1/2 Storey
7 | 3 | 8
About this home

INVESTOR OPPORTUNITY IN WOODFIELD! This impressive property offers over 3,200 sq. ft. of living space and is currently configured as a duplex with 7 bedrooms, providing a unique opportunity for investors looking for a property with size, parking, and income potential in one of London's established neighbourhoods. Located in Woodfield, just steps from Old East Village. The property is separately metered, adding to its appeal for investors. An additional feature that sets this opportunity apart is the vacant City-owned lot directly next door, offering investors an interesting opportunity to explore the potential of the surrounding property and area, subject to all applicable approvals and due diligence. With its existing duplex configuration, 7 bedrooms, substantial square footage, separate metering and excellent parking, this property offers plenty of flexibility for an investor seeking a larger asset in a well-established London location. IMPORTANT: The property cannot be shown prior to an Agreement of Purchase being accepted. There will be no public showings. Buyers are encouraged to conduct their due diligence and review the property and applicable information following an accepted Agreement.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$8,181
Lot Size43 ft x 113 ft
mls© NumberX13741942
Listed ByCENTURY 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%
$2,636
Property tax
$682
Heat allowance
$150
Housing costs
$3,468 / mo

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

Down payment20% · $103,000
25-yr amortization

Income needed

$107,000

gross annual household income

Payment at 4%
$2,167 / mo
Cash down
$103,000

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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