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New5 days ago

1975 Royal Crescent

East I, London East

$499,900

Detached|Bungalow
2 | 2 | 4
About this home

PRICED BELOW MARKET VALUE! Welcome to 1975 Royal Crescent, a beautifully maintained bungalow located in a mature East London neighbourhood and strategically listed at $499,900 to attract motivated buyers. Offering exceptional versatility and pride of ownership throughout, this home provides plenty of space for everyday living with excellent potential for multi-generational living or a future in-law setup. The bright main floor features an updated kitchen with rich cabinetry, elegant countertops, stainless steel appliances. Flexible layout provides options for a dining area if desired. The convenient main floor laundry could also be converted back into a bedroom, adding even more flexibility. The updated 3 piece bathroom features a modern curved glass shower. Downstairs, the fully finished lower level significantly expands the living space with a cozy gas fireplace, built in desk and dry bar area, additional bedroom, den or home office and full bathroom, ideal for extended family, guests, teens or future in law potential. Outside is where this home truly stands apart. The beautifully landscaped backyard is designed for relaxing and entertaining with a concrete stone patio, pergola, hot tub, fire pit and shed. Additional highlights include a detached insulated garage, concrete circular driveway with metal fencing, 50 year metal roof and Centennial windows. Enjoy convenient access to the Argyle Business Centre, shopping, restaurants, parks, schools, public transit and Highway 401. A detached bungalow with finished living space, a garage, an incredible backyard and so much versatility. Book your private showing and see the opportunity for yourself! OFFERS PRESENTED WEDNESDAY, SEPTEMBER 23 AT 6:00 PM. Seller reserves the right to review pre-emptive offers.

Extras

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Got questions?

Contact Jonathan directly.

agent
Jonathan Lee
(647) 983-0770

This seller is holding back offers

Instead of reviewing offers as they come in, this seller has set offer instructions — a strategy often paired with attractive pricing to invite competing bids. Timing and preparation matter here; get in touch and we'll walk you through it.

TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$3,336
Lot Size78.06 ft x 87 ft
mls© NumberX13790130
Listed ByBLUE FOREST 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%
$2,559
Property tax
$278
Heat allowance
$150
Housing costs
$2,987 / mo

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

Down payment20% · $99,980
25-yr amortization

Income needed

$92,000

gross annual household income

Payment at 4%
$2,104 / mo
Cash down
$99,980

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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