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$550K · 3+2 bed Detached · East O, London East | MyPropertyScout

$550,000

29 Court Lane

3+22Vacant

Map

$550,000

D●●○○○DOM15days

29 Court Lane

London East · Ontario N5W 5M6

MLS® X13431638 · East O · N5W 5M6

3+22Vacant700-1100 ft²DetachedNone15d$611/ft²Lot 58.1 x 100.3 ft$2,737 tax/yr

9% above market · regional est. · 15 days on market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Welcome to 29 Court Lane, a fully renovated raised bungalow offering exceptional versatility,modern finishes, and outstanding income potential. Situated on a quiet, tree-lined street inEast London, this city-approved legal in-law suite is the perfect opportunity for investors,multi-generational families, or buyers looking to offset their mortgage with rental income.The property features a spacious 3-bedroom main floor unit and a bright 2-bedroom lower-levelsuite, each thoughtfully designed with…

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Property details

MLS#: X13431638
Status: Buy Now
Beds: 3+2
Baths: 2 full, 0 half
Size: 700-1100
Style: Bungalow
Type: Detached
Year built: —

Roof: Asphalt Shingle
Foundation: Concrete

Garage: None
Garage spaces: 0
Parking: 3 total
Lot: 58.09 × 100.25
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Brick
Fronting on: North
Cross street: Hamilton Road and Highbury Avenue
Basement: Apartment, Finished
Stories: —
Utilities: —
Laundry: —
Interior: None
Parking features: —

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room dimensions are not available for this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX REALTRON REALTY INC.

Source: TRREB/PROPTX · MLS® X13431638

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$550K

29 Court Lane · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $550,000✓ $2,737 tax✓ Gas✓ 700-1100 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,284/mo

incl. closing costs (yr 1)

Annual total

$51,410

year 1

Mortgage only

$2,087/mo

principal + interest

Beyond mortgage

$1,116/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$110,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$228/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~900 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,500/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$7,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)49% $25,038/yr

Property taxes20% $10,212/yr

Utilities8% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance11% $5,500/yr

Closing costs10% $5,100/yr

Mortgage is 49% of your true cost of ownership. The other 51% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$25,038	$2,087/mo
Government & taxes
Property tax	$2,737	$228/mo
Land transfer tax(closing)	$7,475	$623/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,500	$458/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$51,410	$4,284/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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29 Court Lane

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs