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New2 days ago

1049 Talbot Street

East B, London East

$669,999

Detached|1 1/2 Storey
4 | 2 | 6
About this home

Exceptional versatility, character, and rare amenities in highly sought-after Old North! Currently owner-occupied, this timeless yellow-brick detached home offers the perfect layout to serve as a wonderful single-family residence or a high-yielding 5-bedroom student rental. The main and upper levels showcase classic character, including coffered ceilings, elegant crown moulding, and original hardwood flooring. It offers highly flexible configurations-easily setup as 5 bedrooms, or 4 bedrooms with a main-floor family room. The kitchen and bathroom feature durable vinyl tile.The basement adds incredible value with a separate entrance, a 4-piece bath, and a kitchen area. It serves beautifully as a private home office and lower family room, or offers excellent potential for an Additional Residential Unit (ARU) conversion. For complete peace of mind, the basement was professionally damp-proofed in ~2014 with new weeping tile, a sump pump, and a complete wall wrap. Mechanical features include a 100-amp service and a fully serviced, properly working Lennox two-stage furnace and A/C system.The exterior features are an absolute rarity for Old North. Situated on a prominent corner lot, the property provides massive parking for up to 6 vehicles, alongside a detached two-car garage equipped with hydro and insulated walls. The grounds are beautifully treed, offering a private, serene canopy over the back patio. Please note: Sellers are licensed Realtors.

Extras

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agent
Ephy Bookbinder
(416) 838-4804
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$5,029
Lot Size35 ft x 140 ft
mls© NumberX14098830
Listed ByLIST299.COM REALTY LTD.

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%
$3,429
Property tax
$419
Heat allowance
$150
Housing costs
$3,998 / mo

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

Down payment20% · $134,000
25-yr amortization

Income needed

$123,000

gross annual household income

Payment at 4%
$2,819 / mo
Cash down
$134,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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