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New3 days ago

438 Magnolia Crescent

East O, London East

$599,900

Detached|Sidesplit 3
3 | 2 | 5
About this home

Welcome to this charming and affordable 5 bedroom, 3 level side-split, ideally situated on a quiet, tree lined crescent in a family friendly neighbourhood. Set on a spacious lot with an impressive 70 foot frontage and within walking distance to schools, this home offers plenty of room for a growing family both inside and out. The inviting curb appeal features a covered front porch, double wide driveway and carport, providing parking for up to five vehicles. Step inside to a bright, open concept kitchen and living area featuring a cozy gas fireplace and large windows that fill the space with natural light. The adjoining dining area offers patio doors leading to a sunroom and an outdoor patio overlooking the expansive backyard. Kids and young adults alike will love the outdoor space, highlighted by a large deck with storage sheds and an impressive two level treehouse complete with hydro, a unique backyard retreat with plenty of possibilities. Inside, the home offers five bedrooms, providing excellent flexibility for a larger family, home office or guest rooms. The finished lower level features a recreation room with a gas fireplace ideal for movie nights. A convenient walk out rear entrance provides direct access between the backyard and lower level. Recent improvements include new laminate flooring throughout in 2023,updated light fixtures in the bedrooms, living room and basement in 2024, and a new tankless water heater in 2024. The upper level also features a beautifully renovated bathroom. Conveniently located between Western University and Fanshawe College, approximately a 10 minute drive to Western and 8 minutes to Fanshawe. This home is also close to schools, shopping, grocery stores and everyday amenities. With five bedrooms, a large 70 by 137 foot lot, abundant parking, finished living space and a backyard designed for family enjoyment, this welcoming home offers an excellent combination of space, comfort, location and value.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleSidesplit 3
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$4,593
Lot Size70.15 ft x 137.75 ft
mls© NumberX13804168
Listed ByROYAL LEPAGE TRILAND REALTY

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%
$3,071
Property tax
$383
Heat allowance
$150
Housing costs
$3,603 / mo

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

Down payment20% · $119,980
25-yr amortization

Income needed

$111,000

gross annual household income

Payment at 4%
$2,524 / mo
Cash down
$119,980

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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