$575,000

For sale

425 English Street, London East (East G) - Multi-family for Sale

425 English Street, London East (East G), Ontario, N5W3T4

4 beds3 baths2 parking1,300 ft²22 × 99 ft (2,178 sq ft) lot sizeListed 45 days ago

Overview

This multi-family property in London East is for sale offering roughly 1,300 sq ft of space. It has been on the market 45 days, fresher than the London East average of 70 days.

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Description

Welcome to 425 English Street, a beautifully renovated duplex in the heart of Old East Village. Thoughtfully updated throughout, this charmingproperty blends classic character with modern finishes and offers plenty of flexibility. The main unit features 3 bedrooms, 2 full bathrooms, amodern kitchen with quartz countertops, in-suite laundry and a private, fully fenced yard and covered deck. The upper 1-bedroom, 1-bathroomunit also offers its own kitchen, laundry and private outdoor space with a spacious balcony. Both units have separate hydro. Currently vacant andbeing offered partly furnished and fully stocked. Located close to the new Hard Rock Hotel & Casino, The Factory at Kellogg Lane, Western FairDistrict, restaurants, breweries, shops, parks and transit. With its flexible layout and two separate living spaces, 425 English Street offers plentyof possibilities, whether you're looking to invest, live in one unit, or make the most of the space for yourself. (id:66096)

Property Details

MLS®: X13814824
Property Type: Multi-family
Zoning: BDC
Bedrooms: 4
Beds (above / below): 2 above · 2 below
Bathrooms: 3
Parking: 2
Interior Size: 1,300 ft²
Lot Size: 22 × 99 ft (2,178 sq ft)
Frontage: 22 ft
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Property Tax: $3,336/yr
Listed: 45 days ago

Rooms

Basement

Bedroom 2: 2.88 x 3.47 meters
Bedroom 3: 4.52 x 2.41 meters
Bathroom: 1.62 x 2.63 meters
Living room: 5.01 x 3.45 meters

Main level

Kitchen: 3.79 x 3.26 meters
Dining room: 3.63 x 3.85 meters
Primary Bedroom: 2.67 x 4.34 meters
Bathroom: 1.11 x 2.45 meters

Second level

Kitchen: 3.04 x 2 meters

Features

Foundation: Block
Exterior: Brick, Vinyl siding
Lot Features: Carpet Free

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

45d

London East (East G) listings, avg age

70d

Price / ft²

$442

List price

$575K

Haho

This 4-bed multi-family in London East (East G) has been listed for 45 days, which is 25 days fresher than the city average of 70. Act while there is still low competition.

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Listed by CENTURY 21 FIRST CANADIAN CORP · SYDNEY ADKIN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5W)

This home lists at $575,000, about 8.9× the local median household income of $64,500.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 74% 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)

$575,000· $442/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,500

Min 5.65%50%

Mortgage payment$3,008/mo

↳ CMHC premium ($21,700 capitalized)

Property tax (est.)$278/mo

Total monthly$3,286

Cash Needed to Close

Down payment (5.65%)$32,500

Land transfer tax$7,975

Est. closing costs$4,225

Total cash needed$44,700

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