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Listed 10 days ago

1285 Whetherfield Street

North M, London North

$879,000

Detached|2-Storey
3 | 4 | 6
About this home

Generous living space, thoughtful upgrades and rental income already in place. Welcome to 1285 Whetherfield Street in London's desirable Oakridge Crossing community. This upgraded detached home offers 3+1 bedrooms, 4 bathrooms and approximately 2,982 sq. ft. of finished living space, comprising 2,154 sq. ft. above grade and an additional 828 sq. ft. in the finished basement.Bright, inviting interiors create a comfortable setting for everyday living, complemented by modern finishes, a welcoming fireplace and a contemporary kitchen with generous pantry storage. Main-floor laundry adds convenience, while the private, fully fenced backyard offers space for outdoor play, dining, entertaining and unwinding. An attached double garage and driveway provide parking for four additional vehicles. Total 6 car parking!The finished basement features a separate one-bedroom apartment with its own kitchen and full bathroom, adding flexibility for extended family or rental use. The upper and lower units are currently rented separately, generating a combined $5,000 per month in rental income. Buyers may assume the existing tenancies or arrange vacant possession on closing.Enjoy nearby neighbourhood parks and walking trails through Beaverbrook Woods, with shopping and dining conveniently located around Wonderland Road and Oxford Street.Includes two fridges, two stoves, a built-in dishwasher, washer, dryer and all existing electrical light fixtures. Whether you are planning your next family move, accommodating multiple generations or expanding your investment portfolio, this home offers the space and versatility to support your plans.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$5,636
Lot Size38.21 ft x 106.23 ft
mls© NumberX13771062
Listed ByHOMELIFE/MIRACLE 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%
$4,499
Property tax
$470
Heat allowance
$150
Housing costs
$5,119 / mo

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

Down payment20% · $175,800
25-yr amortization

Income needed

$158,000

gross annual household income

Payment at 4%
$3,699 / mo
Cash down
$175,800

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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