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Listed 13 days ago

9 Camelot Crescent

East I, London East

$499,900

Detached|Backsplit 4
3 | 2 | 3
About this home

Welcome to 9 Camelot Crescent, a beautifully renovated 3-bedroom, 2-bathroom backsplit located in desirable East London. This stylishly updated home is perfect for first-time buyers, families, or investors seeking excellent income potential. The bright main floor features a modern kitchen with a brand-new refrigerator, fully renovated, elegant kitchen, cozy dining area, and spacious living room designed for comfortable everyday living. The lower level offers a separate side entrance, two bedrooms, and a full bathroom, providing great flexibility for extended family living or future rental possibilities. As a 4-level backsplit, there is additional opportunity to further finish the second Lower level basement 420 square foot and increase the home's value.Move-in ready and fully renovated throughout, this home also features an owned hot water tank. Outside, enjoy a private driveway with parking for up to three vehicles. Conveniently located close to parks, shopping, public transit, schools, and everyday amenities, with quick access to Highway 401 just minutes away for an easy commute.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBacksplit 4
Approx. Age31-50
Size700-1100 sq. ft.
Property Tax$3,420
Lot Size40.07 ft x 117.5 ft
mls© NumberX13757670
Listed ByRE/MAX ADVANTAGE REALTY LTD.

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%
$2,559
Property tax
$285
Heat allowance
$150
Housing costs
$2,994 / mo

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

Down payment20% · $99,980
25-yr amortization

Income needed

$92,000

gross annual household income

Payment at 4%
$2,104 / mo
Cash down
$99,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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