487 Burbrook Place

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$395,000

487 Burbrook Place

East G, London East · MLS® X14105428

322

House · Single Family · 3 days on market

listed by JOSH ELY, OAK AND KEY REAL ESTATE BROKERAGE, INC.

realtor's description

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!

property details

type: House, Single Family
bedrooms: 3
bathrooms: 2
parking: 2
property tax: $2,565 / yr
days on market: 3
MLS®: X14105428

features

Guest Suite
In-Law Suite
Washer
Dryer
Two stoves
Two Refrigerators

monthly cost

$1,935/mo

Mortgage $1,721 · Tax $214

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment

$1,721/ monthly

loan $316,000

25-year amortization

down payment20% · $79,00020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 25, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $200,293
cash to close: $79,000; down payment; transfer tax and fees not included
total paid: $516,293

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.