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Listed 14 days ago

1345 Trafalgar Street

East O, London East

$579,000

Detached|Bungalow
2 | 1 | 6
About this home

The adorable curb appeal will draw you into this charming little bungalow with large 2 car detached garage in ideal location to run your at home business/work and live close to all the amenities. Great frontage to have a sign seen along Trafalgar frontage of 47 ft, or Short St -157 ft and just a stone's throw from Tim Hortons and grocery store too. Room to park on side street or in long paved driveway. The spacious rear yard has new high privacy fence on several sides. Lots of room in rear yard for gardening, pool, pets and relaxing. Welcoming wide front porch entrance leads into living room with big picture window, open to dining room with galley kitchen (updated cabinets) just off of it. The 2nd side entrance to home is direct entrance to lower level and finished Rec Room. You will find 2 bedrooms on main level; and, of course, a full bathroom including updated sink & toilet. Lower level features full length Rec Room w/bar; plus laundry/utility room - both are great size that could bring your vision -2nd kitchen, office space, etc into reality. This home has been freshly painted over recent years with welcoming colours & contrasting walls. No carpet in this home. Note: Some newer light fixtures, updated bathroom vanity & toilet, programmable thermostat, updated kitchen cabinets, sink & tap; Note: Gas stove, newer fridge, washer & dryer, bar fridge, garage door opener, central air are included- all as-is. The garage is size many a hobbyist wants with hydro, concrete floor, man door & window. The 5hp compressor in 2 car garage; living & dining room furniture are negotiable. An opportunity to start or down-size, or find a home with great location for your at home business/work (within zoning of course).

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$2,694
Lot Size48 ft x 157 ft
mls© NumberX13750852
Listed ByPeak Select Realty 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%
$2,964
Property tax
$225
Heat allowance
$150
Housing costs
$3,338 / mo

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

Down payment20% · $115,800
25-yr amortization

Income needed

$103,000

gross annual household income

Payment at 4%
$2,437 / mo
Cash down
$115,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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