$499,900

For sale

351 Fleming Drive, London East (East D) - Single Family for Sale

351 Fleming Drive, London East (East D), Ontario, N5V4Y6

5 beds2 baths3 parking1,300 ft²33 × 156 ft (5,076 sq ft) lot sizeListed 147 days ago

Overview

This 5-bedroom, 2-bathroom home in London East is for sale offering roughly 1,300 sq ft of space. Listed at $499,900, it is attractively priced about 8% below the $542,900 median asking price in London East.

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Description

Calling Investors! Welcome to 351 Fleming Drive, located within just minutes walking distance to Fanshawe College Main Campus. This fully licensed, 4-Level Back-Split Style property features over 2000 sq.ft of total living space, 5 bedrooms, 2 full bathrooms, a fully finished basement with an office, and a single-car garage with a double-wide private driveway. The irregular pie-shaped backyard is fully fenced with a side deck off the kitchen. Location can't be beat for investment, with close proximity to both Fanshawe College Main Campus, Z Building, 3M, General Dynamics, Trios College, numerous amenities, and the new Bus Rapid Transit (BRT), providing investors with long-term growth potential. Buyer to assume existing tenants, currently rented for $4,058.48 per month / $48,701 per year. (id:66096)

Property Details

MLS®: X13435534
Property Type: Single Family
Zoning: R1-4
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 33 × 156 ft (5,076 sq ft)
Frontage: 33 ft
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $4,040/yr
Listed: 147 days ago

Features

Appliances: Washer, Refrigerator, Water meter, Dishwasher, Stove, Dryer, Water Heater
Foundation: Poured Concrete
Exterior: Brick, Vinyl siding
Lot Features: Irregular lot size

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

147d

London East (East D) listings, avg age

43d

Price / ft²

$385

List price

$500K

Haho

This 5-bed single family in London East (East D) 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 CENTURY 21 FIRST CANADIAN CORP · AUSTIN D TITUS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5V)

This home lists at $499,900, about 6.7× the local median household income of $74,500.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 31% 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)

$499,900· $385/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$337/mo

Total monthly$2,970

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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