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South A, London South
$555,000
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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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 31-50 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,135 |
| Lot Size | 31.4 ft x 101.22 ft |
| mls© Number | X13786868 |
| Listed By | GET 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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