$249,995

$259,995For salePrice drop↓ $10,000 (4%)

11 Rathmine Street, London East (East L) - Single Family for Sale

11 Rathmine Street, London East (East L), Ontario, N5Z1Z2

4 beds1 bath1 parking900 ft²28 × 90 ft (2,532 sq ft) lot sizeListed 25 days ago

Overview

This 4-bedroom, 1-bathroom home in London East is for sale offering roughly 900 sq ft of space. Listed at $249,995, it is attractively priced about 38% below the $400,500 median asking price in London East. It has been on the market 25 days, fresher than the London East average of 71 days.

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Description

IValue! On a quiet, private enclave with a friendly upscale manicured vibe, sits this 4 bedroom bungalow with over 1250 finished sq/ft total with its own PRIVATE driveway (additional street parking and dedicated parking on Little Simcoe St) a finished basement, as well as a fenced in backyard with large shed. Options abound to convert and make a rear nanny suite apartment (with separate entrance), and still have 3+ spacious bedrooms in the main house. While the house is currently vacant, it can be rented for $2200/month + utilities if an investor is interested in a solid single family rental property. Electrical new servicing upgrade to property is 200 AMPs done in 2025; wiring throughout property is copper wiring and new panel is 125 AMP breaker. Rathmine Street offers a well curated pocket with owners that genuinely have pride of ownership in their homes and act as a community of solid 'neighbourly' neighbours, one of the best streets in the entire area! This one won't last, priced to sell fast. They rarely come up for sale on this quiet enclave, don't wait!Priced well to make for an ideal starter home, investment opportunity, or as a quaint option for retirees and down-sizers. (id:66096)

Property Details

MLS®: X13885474
Property Type: Single Family
Zoning: R2-2
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 900 ft²
Lot Size: 28 × 90 ft (2,532 sq ft)
Frontage: 28 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, Walk-up, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Wall unit, None
Garage: No Garage
Ownership: Freehold
Property Tax

Rooms

Main level

Foyer: 1.68 x 3.15 meters
Primary Bedroom: 3.05 x 4.19 meters
Bedroom 2: 2.72 x 2.97 meters
Bedroom 3: 2.72 x 2.92 meters
Bedroom 4: 2.92 x 3.33 meters
Living room: 3.2 x 4.55 meters
Bathroom: 1.73 x 2.29 meters
Kitchen: 3.17 x 4.78 meters
Dining room: 2.31 x 4.19 meters
Kitchen: 2.18 x 3.48 meters

Basement

Features

Appliances: Refrigerator, Water meter, Gas stove(s), Furniture, Window Coverings, Water Heater
Foundation: Block
Exterior: Vinyl siding
Lot Features: Flat site, Lighting, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

25d

London East (East L) listings, avg age

71d

Price / ft²

$278

List price

$250K

Haho

This 4-bed single family in London East (East L) has been listed for 25 days, which is 46 days fresher than the city average of 71. Act while there is still low competition.

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Listed by EXP REALTY · NATHAN BLANCO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5Z)

This home lists at $249,995, about 3.9× the local median household income of $64,500.

Carrying it typically needs a household income of about $48,833 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $64,500
Population: 24,067
Median age: 40
Owner / renter: 62% / 38%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N5Z)

$249,995· $278/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,499.75

Min 5%50%

Mortgage payment$1,317/mo

↳ CMHC premium ($9,500 capitalized)

Property tax (est.)$130/mo

Total monthly$1,447

Cash Needed to Close

Down payment (5%)$12,500

Land transfer tax$2,225

Est. closing costs$3,250

Total cash needed$17,975

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