$659,900

For sale

1047 Patricia Street, London East (East B) - Single Family for Sale

1047 Patricia Street, London East (East B), Ontario, N6A3V3

5 beds2 baths2 parking1,300 ft²30 × 96 ft (2,880 sq ft) lot sizeListed 105 days ago

Overview

This 5-bedroom, 2-bathroom home in London East is for sale offering roughly 1,300 sq ft of space. Listed at $659,900, it is attractively priced about 15% below the $775,000 median asking price in London East.

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Description

Steps to King's and Western, with Western visible right from the front porch, this well-maintained home offers 3 bedrooms above grade plus two additional finished rooms in the lower level, along with 2 full bathrooms, in one of London's most in-demand student rental pockets. Unlike the typical student rental, this property has been genuinely well cared for, featuring a beautifully updated kitchen and warm hardwood floors throughout. The private yard with deck adds great outdoor living space. Currently fully rented for the current school year at $4,500 per month plus utilities. A fantastic turnkey addition to any investment portfolio, in a location students consistently want to live in. (id:66096)

Property Details

MLS®: X13601016
Property Type: Single Family
Zoning: R1-4(7)
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 30 × 96 ft (2,880 sq ft)
Frontage: 30 ft
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $4,542.3/yr
Listed

Rooms

Main level

Living room: 4.81 x 3.85 meters
Dining room: 3.69 x 2.88 meters
Kitchen: 4.01 x 3.28 meters
Foyer: 4.19 x 2.3 meters

Second level

Primary Bedroom: 5.04 x 2.7 meters
Bedroom: 3.03 x 2.47 meters
Bedroom: 4.22 x 2.98 meters

Basement

Bedroom: 4.29 x 3.16 meters
Bedroom: 4.06 x 3.16 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Water Heater
Foundation: Concrete
Exterior: Brick, Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

105d

London East (East B) listings, avg age

49d

Price / ft²

$508

List price

$660K

Haho

This 5-bed single family in London East (East B) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by BLUE FOREST REALTY INC. · KARA RIJNEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6A)

This home lists at $659,900, about 10.8× the local median household income of $61,200.

Carrying it typically needs a household income of about $128,902 (20% down, 25-yr amortization, stress-tested) — roughly 111% above the area median.

Median household income: $61,200
Population: 13,810
Median age: 34
Owner / renter: 29% / 71%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA N6A)

$659,900· $508/ft²

For sale

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Full Cost Breakdown

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Down Payment6.21% · $40,990.00

Min 6.21%50%

Mortgage payment$3,431/mo

↳ CMHC premium ($24,756 capitalized)

Property tax (est.)$379/mo

Total monthly$3,810

Cash Needed to Close

Down payment (6.21%)$40,990

Land transfer tax$9,673

Est. closing costs$4,480

Total cash needed$55,143

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