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New5 days ago

1067 LOMBARDO Avenue

East B, London East

$1,299,000

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

Welcome to a truly special home in the heart of Old North. This impressive red-brick two-storey is filled with character, history, and timeless curb appeal, and was once home to original builder W.D. Tamblyn for more than 50 years. Inside, the home offers four generously sized bedrooms and a functional layout with plenty of opportunity to make it your own. A separate entrance to the lower level adds flexibility and potential, with a partially finished basement ready for future possibilities. Outside is where this property really sets itself apart. More than $100,000 has been invested into the landscaping, creating beautifully designed front and side yards with walkways and a private courtyard-style backyard built for entertaining. Enjoy the stamped concrete patio, built-in BBQ, fire pit, basketball pad, and mature landscaping, all highlighted by a stunning magnolia tree that adds to the home's unmistakable Old North charm. The home has benefited from numerous updates over the years, fencing and garage roof (2019), insulation and several appliances (2020), gas stove (2021), and furnace (2022), along with newer windows, roof, central air, and an owned water heater. Located within walking distance of Western University, Gibbons Park, University Hospital and St. Joseph's Hospital, and situated within the highly sought-after London Central Secondary School and Old North Public School districts.A rare opportunity to own a piece of Old North history with exceptional outdoor space, four bedrooms, and incredible potential in one of London's most established neighbourhoods.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age51-99
Size2500-3000 sq. ft.
Property Tax$7,879
Lot Size56 ft x 120 ft
mls© NumberX13788344
Listed ByTHRIVE REALTY GROUP 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%
$6,649
Property tax
$657
Heat allowance
$150
Housing costs
$7,455 / mo

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

Down payment20% · $259,800
25-yr amortization

Income needed

$229,000

gross annual household income

Payment at 4%
$5,466 / mo
Cash down
$259,800

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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