$589,000

For sale

361 Cheapside Street, London East (East B) - Single Family for Sale

361 Cheapside Street, London East (East B), Ontario, N5Y3W8

3 beds2 baths5 parking1,750 ft²46 × 133 ft (6,118 sq ft) lot sizeListed 14 days ago

Overview

This 3-bedroom, 2-bathroom home in London East is for sale offering roughly 1,750 sq ft of space. Listed at $589,000, it is attractively priced about 24% below the $775,000 median asking price in London East. It has been on the market 14 days, fresher than the London East average of 47 days.

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Description

Charming England Inspired Home With Great Curb Appeal 2+1 bedroom 2 storey conveniently located near Western University, two hospitals, schools, church and shopping. The main floor features an updated kitchen (2021), substantial dining room and an oversized living room with natural trim and fireside bookcases. A large additional space with adjacent powder room offers flexibility as a den, office or bedroom. A covered rear porch overlooks a flagstone patio and generous landscaped garden with pond. Additional highlights include heat pump (2025) and a high dry basement. Furnace(2019), shingles (2020), bath (2014). Note: there is some knob and tube in this home. This is a special home offering character, versatility, and convenience. (id:66096)

Property Details

MLS®: X14101544
Property Type: Single Family
Zoning: R1-4
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 5
Interior Size: 1,750 ft²
Lot Size: 46 × 133 ft (6,118 sq ft)
Frontage: 46 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Heat Pump, Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership

Features

Appliances: Central Vacuum, Water Heater
Foundation: Block
Exterior: Brick
Lot Features: Flat site, Sump Pump

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

14d

London East (East B) listings, avg age

47d

Price / ft²

$337

List price

$589K

Haho

This 3-bed single family in London East (East B) has been listed for 14 days, which is 33 days fresher than the city average of 47. Act while there is still low competition.

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Listed by SUTTON GROUP - SELECT REALTY INC. · DIANE LAJOIE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5Y)

This home lists at $589,000, about 9.3× the local median household income of $63,600.

Carrying it typically needs a household income of about $115,052 (20% down, 25-yr amortization, stress-tested) — roughly 81% 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)

$589,000· $337/ft²

For sale

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Full Cost Breakdown

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Down Payment5.76% · $33,900

Min 5.76%50%

Mortgage payment$3,078/mo

↳ CMHC premium ($22,204 capitalized)

Property tax (est.)$383/mo

Total monthly$3,460

Cash Needed to Close

Down payment (5.76%)$33,900

Land transfer tax$8,255

Est. closing costs$4,267

Total cash needed$46,422

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