



575 QUEENS Avenue
East F, London East
$515,000
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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| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | Not available |
| Size | 3000-3500 sq. ft. |
| Property Tax | $8,181 |
| Lot Size | 43 ft x 113 ft |
| mls© Number | X13741942 |
| 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%
- $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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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