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New7 days ago

228 Riverside Drive

North N, London North

$599,900

Detached|Bungalow
2 | 2 | 5
About this home

Your search is over. Welcome to 228 Riverside Drive just minutes to Labatt Park, Canada Life Place and the City's core many eateries. Situated on major bus routes and close to the bike path system, this extensively upgraded home has much to offer. Fully renovated in 2022, you will appreciate the open concept design of the Main Floor. The Quartz counter tops in the kitchen are highlighted by gleaming white cabinetry and stainless steel appliances. The comfortable living room offers a gas fireplace for cozy winter nights. The primary bedroom features built in closet shelving with oversized drawers. A deck off the kitchen allows for morning coffee or an additional deck off the rear bedroom makes for summer night gatherings. The lower level boasts a bedroom with ensuite 3 piece bath and possible income potential. With parking for 3 cars in the drive, the oversized 2 car insulated heated garage (with water) provides an excellent opportunity for buyer to have a shop alternative. A stone patio allows more space for summer relaxation. Your lawn behind the garage offers space for bocchi and croquet! There is nothing left to do but move in and enjoy everything 228 has to offer. Feel free to reach out for a complete list of upgrades to this special property.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$3,799
Lot Size40.93 ft x 152.46 ft
mls© NumberX13781808
Listed BySUTTON GROUP - SELECT REALTY

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%
$3,071
Property tax
$317
Heat allowance
$150
Housing costs
$3,537 / mo

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

Down payment20% · $119,980
25-yr amortization

Income needed

$109,000

gross annual household income

Payment at 4%
$2,524 / mo
Cash down
$119,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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