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New7 days ago

7 Adelaide Street S

South I, London South

$329,900

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

Style and substance can be found at 7 Adelaide St S, London. Consider looking more closely at this property as it offers more than first meets the eye. The large 2-car detached garage at the back of the property features driveway access directly to Chelsea Green Park. Back there, you could easily park a trailer or school bus (or, hop right on the bike path). The garage itself could easily double as a workshop or storage (summer sports car or jet skis, anyone? Or, perhaps snowmobiles are more your thing? Or, rent out the garage to someone else). The separate single-wide driveway off of Adelaide fits at least 4 vehicles and features a car port, also. While the basement is unfinished, it's ideal for storage and the fridge and chest freezer down there come with the house. Laundry is conveniently located on ground floor in a separate room, off the kitchen and side entrance. Main floor living room is surprisingly large and very cozy. Upstairs, you've got three bedrooms and a full bathroom. Outdoors, there's a side entrance off the driveway and a large, covered patio. This is a straightforward and honest family home that's really got a lot to offer.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$2,453
Lot Size40 ft x 115 ft
mls© NumberX13779838
Listed ByCOLDWELL BANKER BEAVER REALTY BROKERAGE

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%
$1,689
Property tax
$204
Heat allowance
$150
Housing costs
$2,043 / mo

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

Down payment20% · $65,980
25-yr amortization

Income needed

$63,000

gross annual household income

Payment at 4%
$1,388 / mo
Cash down
$65,980

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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