$479,000

For sale

242 MARTINET Avenue, London East (East I) - Single Family for Sale

242 MARTINET Avenue, London East (East I), Ontario, N5V4B2

3 beds2 baths3 parking1,300 ft²35 × 109 ft (3,754 sq ft) lot sizeListed 29 days ago

Overview

This 3-bedroom, 2-bathroom home in London East is for sale offering roughly 1,300 sq ft of space. Its $479,000 asking price sits right in line with the $499,900 median in London East. It has been on the market 29 days, fresher than the London East average of 49 days.

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Description

Welcome to 242 Martinet Avenue. This well cared for semi detached home sits on a corner lot with extra side yard space and an attached garage. Inside you will find a comfortable layout with plenty of natural light and updates that make the home easy to settle into. The main living area features a gas fireplace and skylight along with new interior light fixtures that give the space a fresh feel. The main floor washroom has been updated while the lower level has been refreshed with vinyl flooring and offers flexible space for a family room, home office or kids' zone. The backyard extends the living space outdoors with a recently stained and sealed deck that is ready to be enjoyed. The roof was replaced in 2022 and six appliances are included. Located close to schools parks shopping and everyday amenities. Let's run the numbers and compare for value! This is a home that offers the space, convenience, updates and a price point that make sense for today's buyer. (id:66096)

Property Details

MLS®: X13876142
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 35 × 109 ft (3,754 sq ft)
Frontage: 35 ft
Storeys: 2
Basement: Partially finished, Partial
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage, Inside Entry
Ownership: Freehold
Property Tax: $3,281.51/yr

Rooms

Main level

Living room: 4.57 x 3.5 meters
Kitchen: 3.04 x 2.94 meters
Dining room: 2.99 x 2.89 meters

Second level

Primary Bedroom: 4.34 x 3.35 meters
Bedroom: 3.45 x 3.2 meters
Bedroom: 3.96 x 3.53 meters

Lower level

Recreational, Games room: 5.1 x 4.11 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, Freezer, Hood Fan
Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Wooded area, Sump Pump

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

29d

London East (East I) listings, avg age

49d

Price / ft²

$368

List price

$479K

Haho

This 3-bed single family in London East (East I) has been listed for 29 days, which is 20 days fresher than the city average of 49. Act while there is still low competition.

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Listed by CENTURY 21 FIRST CANADIAN CORP · REGGIE TEMBO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5V)

This home lists at $479,000, about 6.4× the local median household income of $74,500.

Carrying it typically needs a household income of about $93,565 (20% down, 25-yr amortization, stress-tested) — roughly 26% 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)

$479,000· $368/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,950

Min 5%50%

Mortgage payment$2,523/mo

↳ CMHC premium ($18,202 capitalized)

Property tax (est.)$273/mo

Total monthly$2,796

Cash Needed to Close

Down payment (5%)$23,950

Land transfer tax$6,055

Est. closing costs$3,937

Total cash needed$33,942

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