$455,000

For sale

348 Winnipeg Boulevard, London East (East H) - Single Family for Sale

348 Winnipeg Boulevard, London East (East H), Ontario, N5W4V2

6 beds2 baths6 parking900 ft²63 × 120 ft (7,543 sq ft) lot sizeListed 81 days ago

Overview

This 6-bedroom, 2-bathroom home in London East is for sale offering roughly 900 sq ft of space. Listed at $455,000, it is attractively priced about 9% below the $499,000 median asking price in London East.

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Description

An exceptional investment or multi-generational family home in London's highly sought-after Argyle neighborhood! This all-brick bungalow offers incredible income potential or space for extended family, featuring 3 bright and spacious main-floor bedrooms with a modern 4-piece bath, alongside a fully finished basement boasting 3 additional versatile rooms and a second full bathroom. The main level welcomes you with a sun-filled, west-facing living room and an inviting eat-in kitchen, all situated on a premium, fully fenced, mature lot. Perfect for multi-tenant use or hosting guests, the oversized driveway easily accommodates up to 6 cars. Positioned in a prime rental location just 2.6 km (a quick 5-minute drive) from Fanshawe College, with a convenient transit stop right at your doorstep, this cash-flowing property is currently generating $3,300/month. Whether you are looking to house hack or add a turn-key asset to your portfolio, this versatile home represents an unmatched opportunity in today's market. Some of the pictures are virtually staged. (id:66096)

Property Details

MLS®: X13682712
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 3 above · 3 below
Bathrooms: 2
Parking: 6
Interior Size: 900 ft²
Lot Size: 63 × 120 ft (7,543 sq ft)
Frontage: 63 ft
Storeys: 1
Style: Bungalow
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $2,950/yr
Listed

Rooms

Main level

Living room: 4.52 x 3.51 meters
Kitchen: 5.74 x 2.18 meters
Primary Bedroom: 3.4 x 3.4 meters
Bedroom 2: 3.4 x 2.79 meters
Bedroom 3: 2.9 x 3.4 meters

Lower level

Bedroom 4: 4.65 x 4.75 meters
Bedroom 5: 3.33 x 3.33 meters
Bedroom: 2.84 x 2.82 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, Window Coverings, Water Heater
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

81d

London East (East H) listings, avg age

65d

Price / ft²

$506

List price

$455K

Haho

This 6-bed single family in London East (East H) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by THE REALTY FIRM INC. · HARINDER KUMAR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5W)

This home lists at $455,000, about 7.1× the local median household income of $64,500.

Carrying it typically needs a household income of about $88,877 (20% down, 25-yr amortization, stress-tested) — roughly 38% above the area median.

Median household income: $64,500
Population: 24,740
Median age: 40.4
Owner / renter: 59% / 41%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N5W)

$455,000· $506/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,750

Min 5%50%

Mortgage payment$2,396/mo

↳ CMHC premium ($17,290 capitalized)

Property tax (est.)$246/mo

Total monthly$2,642

Cash Needed to Close

Down payment (5%)$22,750

Land transfer tax$5,575

Est. closing costs$3,865

Total cash needed$32,190

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