$359,900

For sale

225 Simcoe Street, London East (East K) - Single Family for Sale

225 Simcoe Street, London East (East K), Ontario, N6B1J3

3 beds1 bath1 parking900 ft²28 × 50 ft (1,400 sq ft) lot sizeListed 15 days ago

Overview

This 3-bedroom, 1-bathroom home in London East is for sale offering roughly 900 sq ft of space. Its $359,900 asking price sits right in line with the $365,000 median in London East. It has been on the market 15 days, fresher than the London East average of 87 days.

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Description

Welcome to this beautifully renovated bungalow, with modern updates and low-maintenance living. Natural light fills the home, creating a bright, warm, and inviting atmosphere throughout. Included furniture and recent renovations mean you can simply move in and enjoy, with no projects waiting for you. Outside, the fenced-in backyard is designed for easy upkeep, and a handy shed provides extra storage for tools, gear, and seasonal items. Street parking adds convenience for you and your guests.The central location is a standout: you're about a 20-minute drive to both Western University and Fanshawe College, with nearby bus routes making commuting simple. Perfect for young families, working professionals, or investors, this home also offers a strong rental potential. Comfort, convenience, and value in a location that's hard to beat. (id:66096)

Property Details

MLS®: X14104670
Property Type: Single Family
Zoning: R3-1
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 900 ft²
Lot Size: 28 × 50 ft (1,400 sq ft)
Frontage: 28 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Heat Pump, Baseboard heaters, Electric, Other
Cooling: Wall unit
Garage: No Garage
Fireplace: Yes
Ownership

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Water Heater
Foundation: Concrete
Exterior: Stucco
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

London East (East K) listings, avg age

87d

Price / ft²

$400

List price

$360K

Haho

This 3-bed single family in London East (East K) has been listed for 15 days, which is 72 days fresher than the city average of 87. Act while there is still low competition.

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Listed by BLUE FOREST REALTY INC. · SELENA NICHOLAS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6B)

This home lists at $359,900, about 7.3× the local median household income of $49,200.

Carrying it typically needs a household income of about $70,301 (20% down, 25-yr amortization, stress-tested) — roughly 43% above the area median.

Median household income: $49,200
Population: 11,101
Median age: 38
Owner / renter: 23% / 77%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA N6B)

$359,900· $400/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,995

Min 5%50%

Mortgage payment$1,896/mo

↳ CMHC premium ($13,676 capitalized)

Property tax (est.)$117/mo

Total monthly$2,013

Cash Needed to Close

Down payment (5%)$17,995

Land transfer tax$3,874

Est. closing costs$3,580

Total cash needed$25,449

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