$799,900

For sale

245 Bernard Avenue, London East (East B) - Single Family for Sale

245 Bernard Avenue, London East (East B), Ontario, N6A2M9

5 beds3 baths4 parking2,250 ft²49 × 126 ft (6,147 sq ft) lot sizeListed 40 days ago

Overview

This 5-bedroom, 3-bathroom home in London East is for sale offering roughly 2,250 sq ft of space. Its $799,900 asking price sits right in line with the $775,000 median in London East. It has been on the market 40 days, fresher than the London East average of 47 days.

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Description

UNIQUE OPPORTUNITY FOR THE SAVVY INVESTOR and/or UWO PARENTS! STEPS FROM THE RICHMOND GATES OF UWO, THIS HOME EXUDES ORIGINAL CHARM WITH A BEAMED CATHEDRAL CEILING IN THE MAIN FLOOR LIVING ROOM THAT FEATURES BUILT-INS AND A GORGEOUS NATURAL FIREPLACE MANTLE + OVERHEAD BALCONY! OTHER AMAZING FEATURES INCLUDE MAIN FLOOR LAUNDRY OFF THE KITCHEN, A LARGE RECENTLY RENOVATED EAT-IN KITCHEN WITH QUARTZ COUNTERTOPS AND 4 +1 BEDROOMS, 2.5 BATHS AND PLENTY OF COMMON AREA! THIS PROPERTY IS A PLEASURE TO SHOW AND OFFERS THE IDEAL LOCATION, CLOSE TO UWO CAMPUS, WALKING TRAILS, THE THAMES RIVER AND SHOPPING (MASONVILLE)! PUBLIC TRANSIT IS JUST A SHORT WALK AWAY! CURRENTLY RENTED AT $800.00/BEDROOM +UTILITIES. PROPERTY WILL BE VACANT FOR MAY 1, 2027. (id:66096)

Property Details

MLS®: X13827324
Property Type: Single Family
Zoning: R1-5
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 3
Half Baths: 1
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 49 × 126 ft (6,147 sq ft)
Frontage: 48 ft
Storeys: 2
Basement: Partially finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership

Rooms

Main level

Living room: 5.94 x 3.75 meters
Family room: 5.89 x 2.54 meters
Kitchen: 5.91 x 2.31 meters
Dining room: 5.1 x 3.25 meters
Bedroom 2: 4.87 x 2.97 meters
Bathroom: 1.3 x 1.5 meters

Lower level

Bedroom 5: 5.25 x 3.12 meters
Recreational, Games room: 4.24 x 4.04 meters

Second level

Primary Bedroom: 5.66 x 3.68 meters

Features

Appliances: Washer, Refrigerator, Water meter, Dishwasher, Stove, Water Heater
Foundation: Block
Exterior: Aluminum siding, Concrete Block
Lot Features: Level lot, Wooded area, Flat site, Level

Services

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

40d

London East (East B) listings, avg age

47d

Price / ft²

$356

List price

$800K

Haho

This 5-bed single family in London East (East B) has been listed for 40 days, which is 7 days fresher than the city average of 47. Act while there is still low competition.

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Listed by RE/MAX CENTRE CITY REALTY INC. · DAN HINSCHBERGER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6A)

This home lists at $799,900, about 13.1× the local median household income of $61,200.

Carrying it typically needs a household income of about $156,248 (20% down, 25-yr amortization, stress-tested) — roughly 155% above the area median.

Median household income: $61,200
Population: 13,810
Median age: 34
Owner / renter: 29% / 71%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA N6A)

$799,900· $356/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,990

Min 6.87%50%

Mortgage payment$4,130/mo

↳ CMHC premium ($29,796 capitalized)

Property tax (est.)$659/mo

Total monthly$4,789

Cash Needed to Close

Down payment (6.87%)$54,990

Land transfer tax$12,473

Est. closing costs$4,900

Total cash needed$72,363

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