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St. Thomas, St. Thomas
$394,900
Welcome to this well-located 3-bedroom bungalow in a desirable southside neighborhood, just one block from the hospital and walking distance to schools, shopping and churches. Many medical offices nearby as well as a Shoppers Drug Mart and a Tim Hortons. Offering solid bones and endless potential, this home is an excellent opportunity for first-time buyers, investors, or anyone looking to add their own personal style. A few cosmetic updates will transform this property into a warm and comfortable place to call home. Outside, you'll find a fully fenced backyard with a large storage shed, providing plenty of space for gardening, hobbies, or extra storage. Private parking for 3 cars located off of Meehan Street. Attractively priced and with quick possession available, this is a great opportunity to get into the market, or to have an affordable main level home within walking distance to the City's main medical hub.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 700-1100 sq. ft. |
| Property Tax | $2,325 |
| Lot Size | 48.96 ft x 99 ft |
| mls© Number | X13619380 |
| Listed By | ELGIN REALTY LIMITED |
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%
- $2,021
- Property tax
- $194
- Heat allowance
- $150
- Housing costs
- $2,365 / 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
- $78,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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