The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
Majestic house with driveshed/shop on approx. 1.5 acres, conveniently located just over 2 km from Hwy 401 for direct access to Windsor or Toronto. Great property just off the pavement, Beautifully updated home offers lots of space for a large family. This large 2-storey yellow brick century home with 2020 addition offers 6 bedrooms & 3 bathrooms, including potential granny suite. Updates in 2022: new kitchen, electrical, plumbing, on-demand natural gas-fired water heater, natural gas furnace, some insulation, underground hydro, septic & well. all new windows 2024 Entry with rustic decor offers large walk-in closet + access to separate family room & main floor bedroom (granny suite potential) & access to the entry hall through door with leaded glass window. This entry hall with large closet 'T's into the central hall corridor accessing main floor laundry, large 3 pc bath, & office, all contained in the 2020 addition to this classic century home, & the original part of the house with its large, newly updated eat-in kitchen & stately living room both with original hardwood floors, 10'4" ceilings & bay windows. The split upper level offers the large master bedroom with ensuite & walk-in closet, 4 more generous bedrooms & the family bathroom. Separate heat controls for ground floor, upper level & granny suite. Driveshed 40'x80'with 2 sliding doors and an insulated 15'x40' shop with new 400-amp hydro service with automatic transfer switch & generator plug for back-up power, plus ample parking. Central location only 20 min. from shopping in London or Woodstock, or just 10 min. to Ingersoll.
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Estimated Rental Income
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The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$4,065/mo
Mortgage (principal + interest)$3,662
Property taxFrom listing: $4,837/yr$403
Minimum $72,900 down for this price; the slider moves in whole percent, starting at 8%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$195,800
Ontario land transfer taxProvincial brackets, no first-time refund$16,055
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$214,655
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Thames Centre has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
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