$229,000

For sale

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40 Arbour Glen Crescent, London East (East A) - Single Family for Sale

40 Arbour Glen Crescent, London East (East A), Ontario, N5Y1Z9

2 beds2 baths1 parking ft²

1010 Kipps Lane, London East (East A), Ontario, N5Y4S5

3 bd2 ba1 pk1,300 ft²+$542/mo

Listed by ICI SOURCE REAL ASSET SERVICES INC.

44 Arbour Glen Crescent, London East (East A), Ontario, N5Y1Z9

For sale

36 days ago

$340K

44 Arbour Glen Crescent, London East (East A), Ontario, N5Y1Z9

2 bd1 ba1 pk950 ft²+$408/mo

Listed by SUTTON GROUP - SELECT REALTY

#130 1090 Kipps Lane, London East (East A), Ontario, N5Y1V4

For sale

37 days ago

$270K

#130 1090 Kipps Lane, London East (East A), Ontario, N5Y1V4

2 bd1 ba1 pk650 ft²+$365/mo

Listed by Century 21 Heritage House Ltd Brokerage

#310 563 Mornington Avenue East, London East (East A), Ontario, N5Y4T8

For sale

47 days ago

$219K

#310 563 Mornington Avenue East, London East (East A), Ontario, N5Y4T8

2 bd1 ba1 pk850 ft²+$652/mo

Listed by RE/MAX A-B Realty Ltd

Investment analysis

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$229,000

London East

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Overview

This 2-bedroom, 2-bathroom condo in London East is for sale offering roughly 1,100 sq ft of space. Listed at $229,000, it is attractively priced about 28% below the $320,000 median asking price in London East. It has been on the market 34 days, fresher than the London East average of 50 days.

Condos for Sale in London East →All real estate in London East →

Description

Welcome to 40 Arbour Glen, an incredible opportunity for first-time home buyers, investors, or anyone looking for an affordable entry into the London real estate market. With 2 bedrooms, 2 bathrooms, and a functional layout, this home offers the perfect canvas to build equity and make it your own. Ideally situated close to shopping centres, restaurants, schools, parks, public transit, and Western University, it's an excellent option for students, young professionals, families, or investors seeking strong long-term value (id:66096)

Property Details

MLS®: X13852648
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Storeys: 2
Basement: Full
Heating: Baseboard heaters, Electric
Cooling: Wall unit
Garage: No Garage
Condo Fee: $408/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,760/yr
Listed: 34 days ago

Rooms

Main level

Living room: 9.94 x 3.48 meters
Kitchen: 3.25 x 2.6 meters

Basement

Living room: 4.2 x 3.29 meters
Recreational, Games room: 2.77 x 3.38 meters
Laundry room: 1.74 x 2.1 meters
Bathroom: 1.25 x 2.6 meters

Second level

Bathroom: 1.52 x 4.66 meters
Bedroom: 5.34 x 3.46 meters
Bedroom 2: 3.47 x 3.46 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Area context

Neighbourhood profile (N5Y)

This home lists at $229,000, about 3.6× the local median household income of $63,600.

Carrying it typically needs a household income of about $44,732 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$229,000· $208/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $11,450

Min 5%50%

Mortgage payment$1,206/mo

↳ CMHC premium ($8,702 capitalized)

Property tax (est.)$147/mo

Condo fee$408/mo

Total monthly$1,761

Cash Needed to Close

Down payment (5%)$11,450

Land transfer tax$2,015

Est. closing costs$3,187

Total cash needed$16,652

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

40 Arbour Glen Crescent, London East (East A) - Single Family for Sale

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Description

Property Details

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Location

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Neighbourhood profile (N5Y)

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