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New4 days ago

6 Nicholas Crescent

South X, London South

$579,900

Detached|Backsplit 4
2 | 2 | 3
About this home

Extensively renovated detached 4-level backsplit in desirable White Oaks! This beautifully updated home offers approximately 1,950 sq. ft. of finished living space, currently featuring 2+1 bedrooms and 2 full bathrooms, and sits on a generous 45-ft lot with a 2-3 car driveway. The main level showcases a stunning renovated kitchen with an impressive 10' x 3' island, complemented by new flooring, new tile, renovated bathrooms, new lighting and pot lights throughout the interior and exterior, and new appliances installed in 2023. The upper level currently features two exceptionally spacious bedrooms, offering the flexibility to reconfigure the layout and potentially create a third upper-level bedroom, similar to the home's original configuration, subject to buyer's requirements. The lower levels provide additional living space, including a third/fourth bedroom and a walk-up basement with a kitchen rough-in, offering potential for an in-law suite or additional living accommodation, subject to applicable requirements and approvals. Major updates including the roof (2023), With extensive renovations, this move-in-ready home is an excellent opportunity for families, first-time buyers and investors. Conveniently located close to schools, parks, shopping, transit, major routes and Highway 401.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBacksplit 4
Approx. Age31-50
Size1100-1500 sq. ft.
Property Tax$3,644
Lot Size45.11 ft x 110.32 ft
mls© NumberX13795268
Listed ByCENTURY 21 FIRST CANADIAN CORP

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%
$2,968
Property tax
$304
Heat allowance
$150
Housing costs
$3,422 / mo

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

Down payment20% · $115,980
25-yr amortization

Income needed

$105,000

gross annual household income

Payment at 4%
$2,440 / mo
Cash down
$115,980

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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