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Listed 1 month ago

1942 Duluth Crescent

East I, London East

$415,000

Detached|Bungalow
3 | 2 | 3
About this home

This East London home is perfect for investors, or for a family in need of an in-law suite. The basement has a separate entrance and is accessed from the rear of the home. The main floor is currently tenanted, and the buyer must assume the current tenants upon closing. Many updates have been made to the upper level, as well as the basement. Close to major bus routes, shopping, schools, and parks.

Extras

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$4,174
Lot Size50 ft x 136.7 ft
mls© NumberX13786724
Listed BySUTTON GROUP PREFERRED REALTY INC.

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%
$2,124
Property tax
$348
Heat allowance
$150
Housing costs
$2,622 / mo

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

Down payment20% · $83,000
25-yr amortization

Income needed

$81,000

gross annual household income

Payment at 4%
$1,746 / mo
Cash down
$83,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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