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East G, London East
$390,000
Great starter home or investment property! This 3+2 bedroom bungalow is located on a treed corner lot. The main floor has plenty of windows to let in natural light. Access is possible through the screened porch up front or through the mudroom in the back, where you will find an owned driveway with covered carport off the side street. Kitchen, living and three bedrooms and one bathroom are on main. Heading downstairs there are two bedrooms and a custom bathroom, with replaced windows virtually throughout. The location provides public transportation at the door which will take you to Fanshawe or Western Ontario fairly quickly. This home is move-in-ready and could be yours!
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $3,000 |
| Lot Size | 38 ft x 131.25 ft |
| mls© Number | X13794564 |
| Listed By | JDL 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%
- $1,996
- Property tax
- $250
- Heat allowance
- $150
- Housing costs
- $2,396 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$74,000
gross annual household income
- Payment at 4%
- $1,641 / mo
- Cash down
- $78,000
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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