$469,000

For sale

227 Sterling Street, London East (East C) - Single Family for Sale

227 Sterling Street, London East (East C), Ontario, N5Y1Z3

3 beds1 bath5 parking900 ft²44 × 130 ft (5,668 sq ft) lot sizeListed 31 days ago

Overview

This 3-bedroom, 1-bathroom home in London East is for sale offering roughly 900 sq ft of space. Its $469,000 asking price sits right in line with the $488,000 median in London East. It has been on the market 31 days, fresher than the London East average of 43 days.

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Description

Move-in ready all-brick bungalow at 227 Sterling St, just minutes from downtown London, the college and Western University. The main floor offers 3 bedrooms, one bathroom, hardwood flooring throughout (excluding the kitchen), and a well-maintained kitchen. A separate entrance to the lower level adds flexibility, with the opportunity to create an additional full bedroom. Outside, the fully fenced backyard backs onto a public school yard, giving you open green space and no rear neighbours. A detached garage, paved driveway and parking for 5 vehicles complete the package. Key updates include shingles (2019) and central air conditioning (2023), so the big-ticket items are taken care of. Close to schools, parks, shopping and transit, this home is ideal for first-time buyers, downsizers and investors alike. Book your private showing today! (id:66096)

Property Details

MLS®: X13868072
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 5
Interior Size: 900 ft²
Lot Size: 44 × 130 ft (5,668 sq ft)
Frontage: 44 ft
Storeys: 1
Style: Bungalow
Basement: Partially finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $3,018/yr

Rooms

Main level

Bedroom: 3.4 x 3.02 meters
Bedroom 2: 3.02 x 2.77 meters
Bedroom 3: 3.56 x 3.02 meters
Dining room: 4.11 x 2.82 meters
Kitchen: 2.62 x 2.61 meters
Living room: 4.5 x 3.6 meters

Basement

Family room: 10.1 x 4.8 meters
Laundry room: 3.99 x 2.54 meters
Utility room: 3.48 x 2.24 meters
Other: 6.02 x 2.25 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Garage door opener remote(s)
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

31d

London East (East C) listings, avg age

43d

Price / ft²

$521

List price

$469K

Haho

This 3-bed single family in London East (East C) has been listed for 31 days, which is 12 days fresher than the city average of 43. Act while there is still low competition.

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Listed by SHRINE REALTY BROKERAGE LTD. · TINA KOTHARI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5Y)

This home lists at $469,000, about 7.4× the local median household income of $63,600.

Carrying it typically needs a household income of about $91,612 (20% down, 25-yr amortization, stress-tested) — roughly 44% above the area median.

Median household income: $63,600
Population: 35,934
Median age: 35.6
Owner / renter: 45% / 55%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N5Y)

$469,000· $521/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,450

Min 5%50%

Mortgage payment$2,470/mo

↳ CMHC premium ($17,822 capitalized)

Property tax (est.)$252/mo

Total monthly$2,722

Cash Needed to Close

Down payment (5%)$23,450

Land transfer tax$5,855

Est. closing costs$3,907

Total cash needed$33,212

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