$418,900

For sale

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1292 Sorrel Road, London East (East E) - Single Family for Sale

1292 Sorrel Road, London East (East E), Ontario, N5V2N7

4 beds2 baths2 parking ft²

1402 Baycliffe Place, London East (East E), Ontario, N5Y5N5

5 bd2 ba5 pk1,300 ft²

Listed by ACHIEVERS REALTY

83 Speight Crescent, London East (East E), Ontario, N5V3W7

For sale

169 days ago

$500K

83 Speight Crescent, London East (East E), Ontario, N5V3W7

4 bd2 ba3 pkLot size 38 × 80 ft (3,040 sq ft)

Listed by RE/MAX GOLD REALTY INC.

Investment analysis

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$418,900

London East

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Overview

This 4-bedroom, 2-bathroom home in London East is for sale offering roughly 900 sq ft of space. Listed at $418,900, it is attractively priced about 16% below the $499,900 median asking price in London East. It has been on the market 123 days, fresher than the London East average of 449 days.

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Description

Great location, quiet street, and only a short drive to London Airport, this semi detached home with 4 bedrooms, 2 bathrooms, and a large enclosed patio, is great for a family. The home is tidy, and ready to move into with 2 car driveway, wonderful neighbours, and future expansion space in the unfinished basement! (id:66096)

Property Details

MLS®: X13525572
Property Type: Single Family
Zoning: R2-2
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 900 ft²
Lot Size: 30 × 161 ft (4,827 sq ft)
Frontage: 30 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $3,554/yr
Listed: 123 days ago

Rooms

Main level

Kitchen: 5.18 x 3.04 meters
Living room: 7.62 x 5.23 meters

Upper Level

Primary Bedroom: 4.26 x 3.55 meters
Bedroom 2: 4.01 x 3.04 meters

Third level

Bedroom 3: 5.53 x 4.21 meters
Other: 11 x 8.7 meters
Bathroom: 2.5 x 3.1 meters

Second level

Bathroom: 2.5 x 3 meters

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

Area context

Neighbourhood profile (N5V)

This home lists at $418,900, about 5.6× the local median household income of $74,500.

Carrying it typically needs a household income of about $81,826 (20% down, 25-yr amortization, stress-tested) — roughly 10% 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)

$418,900· $465/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,945

Min 5%50%

Mortgage payment$2,206/mo

↳ CMHC premium ($15,918 capitalized)

Property tax (est.)$296/mo

Total monthly$2,502

Cash Needed to Close

Down payment (5%)$20,945

Land transfer tax$4,853

Est. closing costs$3,757

Total cash needed$29,555

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1292 Sorrel Road, London East (East E) - Single Family for Sale

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Description

Property Details

Rooms

Features

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Location

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Neighbourhood profile (N5V)

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Full Cost Breakdown