$399,900

For sale

16 Redan Street, London East (East L) - Single Family for Sale

16 Redan Street, London East (East L), Ontario, N5Z1Y8

4 beds2 baths4 parking1,750 ft²37 × 144 ft (5,292 sq ft) lot sizeListed 11 days ago

Overview

This 4-bedroom, 2-bathroom home in London East is for sale offering roughly 1,750 sq ft of space. Its $399,900 asking price sits right in line with the $399,900 median in London East. It has been on the market 11 days, fresher than the London East average of 73 days.

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Description

Welcome to this bright, beautifully renovated home, conveniently located near the many amenities London has to offer. Featuring 1,625 sq. ft. of above-grade finished living space, this move-in-ready property offers four bedrooms, including a main-floor primary bedroom, two four-piece bathrooms and convenient main-floor laundry. Renovated from top to bottom, the home showcases new flooring, fresh paint, new metal exterior doors and refreshed kitchen and bathroom vanities. Outside, you'll find parking for up to four vehicles and a spacious backyard with plenty of potential to create your ideal outdoor retreat. Perfectly priced for first-time homebuyers, this welcoming home is an excellent opportunity to enjoy modern updates, generous living space and a convenient London location. (id:66096)

Property Details

MLS®: X14117592
Property Type: Single Family
Zoning: R2-2
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 4
Interior Size: 1,750 ft²
Lot Size: 37 × 144 ft (5,292 sq ft)
Frontage: 37 ft
Storeys: 1
Basement: Unfinished, Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $2,345/yr
Listed

Rooms

Main level

Living room: 4.2 x 3.7 meters
Dining room: 3 x 3.6 meters
Kitchen: 2.7 x 2.7 meters
Primary Bedroom: 4.4 x 3.1 meters
Foyer: 1.7 x 1.7 meters
Bathroom: 2.6 x 2.5 meters
Laundry room: 4.1 x 3.5 meters

Second level

Bathroom: 3.2 x 2.3 meters
Bedroom 2: 3.9 x 3.2 meters
Bedroom 3: 3.1 x 2.9 meters

Features

Appliances: Refrigerator, Dishwasher, Stove, Microwave, Water Heater
Foundation: Poured Concrete, Brick
Exterior: Brick, Vinyl siding

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

London East (East L) listings, avg age

73d

Price / ft²

$229

List price

$400K

Haho

This 4-bed single family in London East (East L) has been listed for 11 days, which is 62 days fresher than the city average of 73. Act while there is still low competition.

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Listed by RE/MAX Tri-County Realty Inc Brokerage · John Klassen

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5Z)

This home lists at $399,900, about 6.2× the local median household income of $64,500.

Carrying it typically needs a household income of about $78,114 (20% down, 25-yr amortization, stress-tested) — roughly 21% above 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)

$399,900· $229/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,995

Min 5%50%

Mortgage payment$2,106/mo

↳ CMHC premium ($15,196 capitalized)

Property tax (est.)$195/mo

Total monthly$2,302

Cash Needed to Close

Down payment (5%)$19,995

Land transfer tax$4,474

Est. closing costs$3,700

Total cash needed$28,169

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