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East L, London East
$399,900
**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!
No extras listed.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,705 |
| Lot Size | 30.41 ft x 155.87 ft |
| mls© Number | X13792608 |
| Listed By | KING 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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