$536,900

$546,900For salePrice drop↓ $10,000 (2%)

1082 Farnsborough Crescent, London East (East D) - Single Family for Sale

1082 Farnsborough Crescent, London East (East D), Ontario, N5V4Y9

6 beds2 baths3 parking1,300 ft²36 × 105 ft (3,728 sq ft) lot sizeListed 16 days ago

Overview

This 6-bedroom, 2-bathroom home in London East is for sale offering roughly 1,300 sq ft of space. Its $536,900 asking price sits right in line with the $542,900 median in London East. It has been on the market 16 days, fresher than the London East average of 42 days.

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Description

Prime Investment Opportunity Near Fanshawe College! Welcome to this all-brick, four-level backsplit offering exceptional space, versatility, and outstanding rental potential. Featuring 6 bedrooms, 2 bathrooms, and an open-concept layout enhanced by beautiful cathedral ceilings, this property is ideally suited for investors, multi-generational living, or families seeking additional space. Located just steps from Fanshawe College, this property offers a highly desirable location for student housing and long-term rental opportunities. With its generous bedroom count, solid all-brick construction, and unbeatable proximity to campus, this is an excellent opportunity to add a versatile property to your investment portfolio. Don't miss your chance to capitalize on this prime location! (id:66096)

Property Details

MLS®: X14096844
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 36 × 105 ft (3,728 sq ft)
Frontage: 36 ft
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $3,856/yr
Listed: 16 days ago

Rooms

Main level

Living room: 4.69 x 4.61 meters
Dining room: 3.78 x 3.3 meters
Kitchen: 3.9 x 3.55 meters

Basement

Utility room: 3.33 x 3.3 meters
Bedroom 5: 3.99 x 3.35 meters
Bedroom: 2.83 x 3.74 meters

Second level

Primary Bedroom: 4.39 x 3.36 meters
Bedroom 2: 3.21 x 2.92 meters
Bedroom 3: 3.21 x 2.56 meters

Features

Appliances: Washer, Dishwasher, Stove, Dryer, Two Refrigerators
Foundation: Poured Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

London East (East D) listings, avg age

42d

Price / ft²

$413

List price

$537K

Haho

This 6-bed single family in London East (East D) has been listed for 16 days, which is 26 days fresher than the city average of 42. Act while there is still low competition.

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Listed by CENTURY 21 FIRST CANADIAN CORP · TROY HILL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5V)

This home lists at $536,900, about 7.2× the local median household income of $74,500.

Carrying it typically needs a household income of about $104,875 (20% down, 25-yr amortization, stress-tested) — roughly 41% above the area median.

Median household income: $74,500
Population: 32,961
Median age: 36.4
Owner / renter: 62% / 38%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N5V)

$536,900· $413/ft²

For sale

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Full Cost Breakdown

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Down Payment5.34% · $28,690

Min 5.34%50%

Mortgage payment$2,818/mo

↳ CMHC premium ($20,328 capitalized)

Property tax (est.)$321/mo

Total monthly$3,139

Cash Needed to Close

Down payment (5.34%)$28,690

Land transfer tax$7,213

Est. closing costs$4,111

Total cash needed$40,014

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