$309,900

$324,900For salePrice drop↓ $15,000 (5%)

4 Henry Street, London East (East K) - Single Family for Sale

4 Henry Street, London East (East K), Ontario, N6B2L7

4 beds2 baths4 parking900 ft²51 × 55 ft (2,783 sq ft) lot sizeListed 42 days ago

Overview

This 4-bedroom, 2-bathroom home in London East is for sale offering roughly 900 sq ft of space. Listed at $309,900, it is attractively priced about 15% below the $365,000 median asking price in London East. It has been on the market 42 days, fresher than the London East average of 85 days.

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Description

Charming 1.5 storey home ideally located just steps from downtown London and the Thames Valley Parkway trail system on a very quiet one-way street. This three bedroom, two bathroom home offers a wonderful opportunity for buyers who want to be close to it all. The kitchen has been updated with newer cabinetry for a fresh, functional feel, and durable laminate and ceramic tile flooring runs throughout for easy, low maintenance living. The finished lower level adds valuable bonus space, including a kitchen area and bathroom, well suited to a rec room, home gym, or additional living area. Outside, enjoy the walkability of this well connected pocket of the city, with downtown shops, restaurants, and the scenic TVP trail network just minutes away on foot. A great fit for first time buyers, downsizers, or investors looking for a walkable, well connected location in the city core. (id:66096)

Property Details

MLS®: X13818832
Property Type: Single Family
Zoning: R3-1
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 2
Parking: 4
Interior Size: 900 ft²
Lot Size: 51 × 55 ft (2,783 sq ft)
Frontage: 51 ft
Storeys: 1
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $2,448/yr
Listed

Features

Foundation: Block
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

42d

London East (East K) listings, avg age

85d

Price / ft²

$344

List price

$310K

Haho

This 4-bed single family in London East (East K) has been listed for 42 days, which is 43 days fresher than the city average of 85. Act while there is still low competition.

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Listed by BLUE FOREST REALTY INC. · KARA RIJNEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6B)

This home lists at $309,900, about 6.3× the local median household income of $49,200.

Carrying it typically needs a household income of about $60,534 (20% down, 25-yr amortization, stress-tested) — roughly 23% above the area median.

Median household income: $49,200
Population: 11,101
Median age: 38
Owner / renter: 23% / 77%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA N6B)

$309,900· $344/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $15,495

Min 5%50%

Mortgage payment$1,632/mo

↳ CMHC premium ($11,776 capitalized)

Property tax (est.)$204/mo

Total monthly$1,836

Cash Needed to Close

Down payment (5%)$15,495

Land transfer tax$3,124

Est. closing costs$3,430

Total cash needed$22,049

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