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Investment signal

$389,900

61 BRISCOE STREET W

Beds

3

Baths

1

Sqft

Year

About this home

Charming 3-bedroom home ideally located on the edge of Old South, just steps from Manor Park and Euston Park. Set on a private 137 ft deep lot, with fully fenced yard, this property combines convenience and character in a sought-after location. The generous 34 ft long combined living and dining area, is filled with natural light and provides a warm and inviting space for entertaining or relaxing. The bright, spacious kitchen opens to the back yard for easy outdoor access. Offering parking for three cars and excellent layout flexibility-the three bedrooms all have convenient closets and two bedrooms can serve as home offices or creative studios-this home suits both first-time buyers and remote professionals. Raised roof offers potential to finish and utilize the attic storey. Currently tenanted by excellent long-term professionals at approximately $1,700/month (month-to-month), with tenants paying utilities. A great investment opportunity, as tenants would be interested in staying. Enjoy the charm and community spirit and neighbourhood of Manor Park, next to Old South, in this versatile, income-producing property. Note: New stove and bathtub/shower 2024. (id:65958)

Subtype
Single Family
Architectural style
Bungalow
MLS#
X12719982
Area
LONDON_SOUTH_(SOUTH_E)
Negative cash flow ~$380/mo at these assumptions

Cash on cash

-5.84%

Cap rate

4.72%

GRM

13.5

Break-even rent

$2,800

Financing

Down payment$77,980
Loan amount$311,920
Mortgage$1,914/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$179
Insurance$80
Maintenance$325
CapEx reserve$162
Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,914/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

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