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New4 days ago

586 Victoria Street

East B, London East

$549,900

Detached|Bungalow
3 | 1 | 3
About this home

Located on a long-matured, beautifully treed lot in desirable Old North London, this stately one-floor home offers charm, space, and an excellent opportunity for first-time buyers. The home features two bedrooms, plus a spacious family room addition that could easily be converted into a home office or third bedroom, providing flexibility to suit your needs. Inside, you'll find a spacious kitchen and dining area, along with a bright and inviting living room highlighted by a cozy gas fireplace. The partially finished, dry, high basement offers valuable additional living space, including a separate room ideal for an exercise area, office, TV room, or hobby space. A single attached garage provides convenient parking and storage, with a rear door opening onto a small concrete patio. With its mature trees, attractive curb appeal, generous living spaces, and fantastic Old North location, 586 Victoria St is a wonderful opportunity for first-time home buyers looking to get into a great London neighbourhood.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. Age51-99
Size700-1100 sq. ft.
Property Tax$4,610
Lot Size40 ft x 156.83 ft
mls© NumberX13798416
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%
$2,815
Property tax
$384
Heat allowance
$150
Housing costs
$3,349 / mo

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

Down payment20% · $109,980
25-yr amortization

Income needed

$103,000

gross annual household income

Payment at 4%
$2,314 / mo
Cash down
$109,980

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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