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$579,900
London East
1227 Trafalgar Street, London East (East M), Ontario, N5Z1H6
This 5-bedroom, 2-bathroom home in London East is for sale offering roughly 900 sq ft of space. It has been on the market 30 days, fresher than the London East average of 55 days.
Exceptional Investment Opportunity in Old East London! This well-maintained income property offers an excellent opportunity for first-time buyers and investors alike, featuring Seprate Entrance four parking spaces, a private fenced yard, and convenient on-site laundry. Both the main-floor and lower-level units offer strong rental potential and the opportunity for immediate income. Recent updates include fresh paint, a newer roof, high-efficiency furnace, and air conditioning, providing added comfort and peace of mind. Ideally located within walking distance of Silverwood Arena, St. Julien Park, schools, shopping, public transit, and other everyday amenities, this property combines convenience with excellent investment potential, with estimated rental income of approximately $3,800 per month including Upper and lower portion . A great opportunity to own an income-generating property in a growing and desirable London neighbourhood. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 30 days on market, against an average age of 55 days across the listings currently for sale in this city
This 5-bed single family in London East (East M) has been listed for 30 days, which is 25 days fresher than the city average of 55. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $579,900, about 9.0× the local median household income of $64,500.
Carrying it typically needs a household income of about $113,275 (20% down, 25-yr amortization, stress-tested) — roughly 76% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5Z)
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Loading rates, 30-yr amortization
Cash Needed to Close
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