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Investment signal

$389,900

61 BRISCOE STREET W

Beds

Baths

Sqft

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Year

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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
Structure: House
Community: South E
Common interest: Freehold
Lot dimensions: 34.1 x 137.4 FT
Bedrooms: 3 above grade
Parking: 3 total
Stories: 1
On market: Jan 22, 2026
Status changed: Apr 16, 2026
Annual tax: $2,045
Zoning: R1-4
Photos: 34
MLS#: X12719982
Area: LONDON_SOUTH_(SOUTH_E)

Features and systems

Parking

No Garage

Basement

UnfinishedPartial

Appliances

WasherRefrigeratorStoveDryerWater Heater

Heating

Forced airNatural gas

Exterior

StuccoVinyl siding

Foundation

BlockConcrete

Lot

Sump Pump

Utilities

SewerElectricityCable

Negative cash flow ~$380/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London South (South E). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

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.