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New6 days ago

743 MILLBANK Drive

South A, London South

$555,000

Detached|1 1/2 Storey
3 | 3 | 2
About this home

Welcome to 743 Millbank Drive, a well-maintained detached home in a convenient London location offering space, functionality, and great potential. This home features 3+2 bedrooms and 3 washrooms, making it a great option for first-time buyers, families, multi-generational living, or investors. The main floor includes a bedroom with an attached washroom, ideal for parents, guests, or convenient main-floor living. Enjoy a renovated kitchen, bright skylight, finished basement, and separate side entrance offering excellent additional living space and rental potential. Side-by-side driveway parking for 2 cars and a good-sized backyard. Located close to schools, parks, shopping, transit, highway access, Fanshawe College, and Western University.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. Age31-50
Size1100-1500 sq. ft.
Property Tax$3,135
Lot Size31.4 ft x 101.22 ft
mls© NumberX13786868
Listed ByGET HOME 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%
$2,841
Property tax
$261
Heat allowance
$150
Housing costs
$3,252 / mo

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

Down payment20% · $111,000
25-yr amortization

Income needed

$100,000

gross annual household income

Payment at 4%
$2,336 / mo
Cash down
$111,000

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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