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Listed 16 days ago

1227 Trafalgar Street

East M, London East

$579,900

Detached|Bungalow
3 | 2 | 4
About this home

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.

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$3,722
Lot Size50 ft x 82 ft
mls© NumberX13869534
Listed ByRE/MAX EXCELLENCE REAL ESTATE

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%
$2,968
Property tax
$310
Heat allowance
$150
Housing costs
$3,428 / mo

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

Down payment20% · $115,980
25-yr amortization

Income needed

$105,000

gross annual household income

Payment at 4%
$2,440 / mo
Cash down
$115,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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