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East G, London East
$395,000
Excellent investment opportunity at 487 Burbrook Place, London! This versatile property features 2 bedrooms and 1 bathroom on the upper level, plus 2 bedrooms and 1 bathroom on the lower level. With separate kitchens and separate laundry facilities, this property offers excellent potential for multi-generational living or an income-generating investment. Ideal for investors or owner-occupants looking to offset their mortgage with rental income. Conveniently located close to shopping, schools, parks, public transit and everyday amenities. A great opportunity to add a versatile property to your portfolio or make it your next home!
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | 51-99 |
| Size | < 700 sq. ft. |
| Property Tax | $2,565 |
| Lot Size | 23 ft x 120 ft |
| mls© Number | X14105428 |
| Listed By | OAK AND KEY REAL ESTATE BROKERAGE, 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%
- $2,022
- Property tax
- $214
- Heat allowance
- $150
- Housing costs
- $2,386 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$73,000
gross annual household income
- Payment at 4%
- $1,662 / mo
- Cash down
- $79,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkValues and trends
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