$324,999

For sale

225 Simcoe Street, London East (East K), Ontario, N6B1J3

3 bd1 ba1 pk900 ft²Lot size 28 × 50 ft (1,400 sq ft)

Listed by BLUE FOREST REALTY INC.

149 William Street, London East (East K), Ontario, N6B3B4

For sale

18 days ago

$400K

149 William Street, London East (East K), Ontario, N6B3B4

2 bd2 ba1 pk900 ft²Lot size 30 × 101 ft (3,030 sq ft)

Listed by ROYAL LEPAGE TRILAND REALTY

119 Clarence Street, London East (East K), Ontario, N6B2J3

For sale

20 days ago

$370K

119 Clarence Street, London East (East K), Ontario, N6B2J3

4 bd2 ba2 pk900 ft²Lot size 35 × 123 ft (4,305 sq ft)

Listed by SAKER REALTY CORPORATION

541 Nelson Street, London East (East K), Ontario, N6B1A8

For sale

23 days ago

$400K

541 Nelson Street, London East (East K), Ontario, N6B1A8

4 bd2 ba2 pk1,300 ft²Lot size 36 × 62 ft (2,261 sq ft)

Listed by ROYAL LEPAGE TRILAND REALTY

Investment analysis

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$324,999

London East

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565 South Street South, London East (East K) - Single Family for Sale

565 South Street South, London East (East K), Ontario, N6B1C5

4 beds2 baths2 parking900 ft²29 × 93 ft (2,700 sq ft) lot sizeListed 66 days ago

Overview

This 4-bedroom, 2-bathroom home in London East is for sale offering roughly 900 sq ft of space. Listed at $324,999, it is attractively priced about 11% below the $365,000 median asking price in London East. It has been on the market 66 days, fresher than the London East average of 87 days.

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

Description

Attention investors, Builders and Contractors Renovators! Prime location, trendy growing area, solid potential, this bungalow is ready for your personal touch. The property is close to transit, amenities and downtown. Strong potential for rental with separate entrances. With a little TLC, this property can truly shine and unlock even greater returns. Important updates include roof (2010), siding, doors and windows (2011), furnace and A/C (2011), rental water heater (2012), and attic insulation (2014), helping reduce major capital costs. Add value, build equity, and capitalize on the upside this amazing property offers. Great opportunity for making an additional Residential Unit at the back. Properties as is, where is. (id:66096)

Property Details

MLS®: X13734730
Property Type: Single Family
Zoning: R2-2
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 900 ft²
Lot Size: 29 × 93 ft (2,700 sq ft)
Frontage: 29 ft
Storeys: 1
Style: Bungalow
Basement: Crawl space
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $2,012/yr
Listed: 66 days ago

Rooms

Main level

Bedroom: 3.44 x 2.92 meters
Bedroom 2: 2.6 x 2.8 meters
Bedroom 3: 2.43 x 2.71 meters
Bedroom 4: 3.05 x 2.3 meters
Kitchen: 2.74 x 2.07 meters
Office: 2.07 x 1.98 meters
Bathroom: 2.37 x 1.52 meters
Bathroom: 1.82 x 3.05 meters

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

Features

Appliances: Washer, Refrigerator, Water meter, Stove, Dryer
Foundation: Block
Exterior: Vinyl siding
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

66d

London East (East K) listings, avg age

87d

Price / ft²

$361

List price

$325K

Haho

This 4-bed single family in London East (East K) has been listed for 66 days, which is 21 days fresher than the city average of 87. Act while there is still low competition.

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Listed by RIGHT AT HOME REALTY · MADHURI RAJIV CHAUDHARI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6B)

This home lists at $324,999, about 6.6× the local median household income of $49,200.

Carrying it typically needs a household income of about $63,484 (20% down, 25-yr amortization, stress-tested) — roughly 29% 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)

$324,999· $361/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,249.95

Min 5%50%

Mortgage payment$1,712/mo

↳ CMHC premium ($12,350 capitalized)

Property tax (est.)$168/mo

Total monthly$1,879

Cash Needed to Close

Down payment (5%)$16,250

Land transfer tax$3,350

Est. closing costs$3,475

Total cash needed$23,075

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