297 HUNGERFORD Street, London East
$578,000
297 HUNGERFORD Street, London East
Total Monthly Obligation $2,993
No agent assigned
This is the one you've been waiting for! Welcome to this charming, bright bungalow offering the perfect blend of family living and excellent income potential. With a fully finished lower level and an active City of London rental license already in place, this home is an ideal opportunity for first-time buyers, families, or investors looking to offset their mortgage with rental income. Imagine enjoying your own private living space upstairs in a peaceful, quiet neighborhood while the lower-level rental income helps with the mortgage. It's a smart way to make homeownership more affordable! The main floor features a living room with beautiful hardwood flooring, which continues through the hallway and all 3 spacious bedrms , complemented by a full bathroom. The functional kitchen features a convenient breakfast-bar peninsula and a comfortable eat-in area overlooking a large bay window. Downstairs through the separate side entrance and discover an impressive, fully finished lower level designed with flexibility and functionality in mind. The lower level features a full kitchen, comfortable living room, two additional bedrm, a study room, and a full bath. Whether you choose to use it as a licensed rental suite, space for extended family, or simply additional living space, the possibilities are excellent. Upgrades just to name few fiberglass shingles were replaced in 2013 , furnace (2026), owned tankless water heater (TWH), energy efficiency while eliminating monthly rental costs. Fully fenced backyard backing onto mature trees with no neighbors directly behind you. Parking for 4 cars and a generous 12 ft. x 8 ft. storage room. Located within walking distance to places of worship, trails, public transit, and everyday amenities. Whether you're purchasing your first home, looking for a property with rental income, or searching for a solid investment opportunity, this bungalow checks all the right boxes at a very attractive price point.
Closing Costs
Total Monthly Obligation
Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%
*This analysis is independently generated NOT provided by TREB or CREA.
Comparables
Properties near 297 HUNGERFORD Street
Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.
Data is provided courtesy of PropTx.
The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.
Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).
The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
Data last updated within the past 24 hours.