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Price Change$389,900

1032 Trafalgar Street

East M, London East

$384,900

Detached|2-Storey
2 | 2 | 3
About this home

Finally! An affordable detached brick home at $384,900, PLUS an additional licensed income suite projected at $1,450 a month and the potential to buy with as little as 5% down (about $19k) for a qualified owner-occupant. Minutes to downtown, own your own detached home without giving up location. Live on one floor and let the other help carry the mortgage. The main and upper levels are each fully self-contained with a full kitchen, living room, bedroom and bathroom, both are carpet free, and a City of London rental licence is already in place for both units. With full vacancy on possession, you pick your own tenant at today's rents instead of inheriting someone else's lease, or have an entire suite available for your family! The full unfinished basement has its own separate entrance, giving you storage and room to grow. Rear parking for three vehicles, an owned water heater, two fridges, two stoves, and washer and dryer are all included, and annual taxes are just $2,366. No rental water heater, no inherited tenancy, no below-market lease. Just a detached home on a 26 x 96 ft lot that pays you back!

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
Style2-Storey
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$2,366
Lot Size26.17 ft x 96.33 ft
mls© NumberX13847638
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%
$1,970
Property tax
$197
Heat allowance
$150
Housing costs
$2,317 / mo

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

Down payment20% · $76,980
25-yr amortization

Income needed

$71,000

gross annual household income

Payment at 4%
$1,620 / mo
Cash down
$76,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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