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Investment signal

$699,900

22 BRISCOE STREET E

Beds

3

Baths

2

Sqft

Year

About this home

Beautifully updated home with separate granny suite in sought-after Old South! Step inside to an open- concept main level featuring an inviting living area ideal for both everyday living and entertaining. The spacious living room showcases an updated fireplace, large front window with charming leaded glass accents, and seamless flow into the show-stopping kitchen. The kitchen boasts quartz countertops, stainless steel appliances including a wine fridge, coffee bar, open shelving, ample cabinetry, and a large island with plenty of seating. The main floor also offers convenient laundry, a bright bedroom, and a modern 4-piece bath. Upstairs, discover a private retreat currently used as the primary suite, complete with hardwood flooring, a generous walk-in closet and Juliet balcony overlooking the tranquil backyard. Laminate flooring throughout the main level adds a cohesive, modern touch to this character-filled home. The fully finished lower level features a beautifully updated one-bedroom granny suite with its own laundry and storage- perfect for extended family, guests, or potential rental income. Outdoor living is a delight with a spacious backyard featuring a deck and flagstone patio, as well as a welcoming front porch ideal for morning coffee on the quiet, tree-lined street. This home blends timeless charm with thoughtful modern updates, all within walking distance to Wortley Village's shops, cafes, parks, and transit. Updates include: Roof (2022), Electrical (2017), Waterproofing (2017), Basement Windows (2017, except bath and stairs), Furnace (approx. 2004), Kitchen & Kitchen Appliances (2022), Main Level Flooring (2022), Second Level Hardwood (2021). (id:65958)

Subtype
Single Family
MLS#
X13011300
Area
LONDON_SOUTH_(SOUTH_F)
Negative cash flow ~$1,386/mo at these assumptions

Cash on cash

-11.88%

Cap rate

3.51%

GRM

16.7

Break-even rent

$4,959

Financing

Down payment$139,980
Loan amount$559,920
Mortgage$3,435/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$321
Insurance$80
Maintenance$583
CapEx reserve$292
Vacancy loss$175

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 $3,435/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 18, 2026.

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