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New5 days ago

131 Sackville Street

East L, London East

$399,900

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

**BEING SOLD UNDER POWER OF SALE, VTB AVAILABLE at only 3% interest** Fully Vacant Duplex with Excellent Value-Add Potential! Ideal for investors, renovators or handy buyers looking for their next project. The main-floor unit offers one bedroom and a four-piece bathroom, while the upper unit features two bedrooms and one bathroom. Updates include newer windows and doors, updated kitchens, laminate and ceramic flooring, spray foam basement insulation, 100-amp service, high-efficiency furnace and central air. The basement concrete floor has been dug up and removed and will require completion by the new owner. Separate basement walk-up entrance offers additional future potential, subject to approvals. Solid all-brick construction on an impressive 159-foot-deep lot. Fully vacant and ready for immediate possession!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$3,705
Lot Size30.41 ft x 155.87 ft
mls© NumberX13792608
Listed ByKING 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%
$2,047
Property tax
$309
Heat allowance
$150
Housing costs
$2,506 / mo

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

Down payment20% · $79,980
25-yr amortization

Income needed

$77,000

gross annual household income

Payment at 4%
$1,683 / mo
Cash down
$79,980

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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