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New4 days ago

45 Cheviot Place

South R, London South

$719,900

Detached|Backsplit 4
3 | 2 | 5
About this home

Welcome to this beautifully updated four-level backsplit, perfectly situated on a quiet cul-de-sac in the highly desirable Lockwood Park neighbourhood of London. This immaculate, move-in ready home blends thoughtful interior upgrades with an exterior built for entertaining. The main level is flooded with natural light from large windows and a dining room skylight, complementing the elegant, updated kitchen. Upstairs, you will find hardwood floors throughout three large bedrooms. The expansive lower-level family room invites you to unwind by the cozy fireplace. Step outside to discover your own private backyard oasis. This spectacular outdoor space features meticulously maintained gardens and an above ground saltwater pool strategically placed around a 24x16 composite deck; both were installed four years ago. Enjoy incredible peace of mind with major updates already completed. The standout feature is a premium ten-year-old metal roof which includes a fifty-year transferable warranty. Located just minutes from Victoria Hospital, excellent schools, Highland Golf Country Club, and highway access, this stunning turn-key home blends serene suburban living with ultimate city convenience.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBacksplit 4
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,007
Lot Size40 ft x 97.49 ft
mls© NumberX13796588
Listed ByPRIME REAL ESTATE BROKERAGE

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%
$3,685
Property tax
$334
Heat allowance
$150
Housing costs
$4,169 / mo

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

Down payment20% · $143,980
25-yr amortization

Income needed

$128,000

gross annual household income

Payment at 4%
$3,029 / mo
Cash down
$143,980

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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