$539,900

$589,900For salePrice drop↓ $50,000 (8%)

966 Colborne Street, London East (East B) - Single Family for Sale

966 Colborne Street, London East (East B), Ontario, N6A4A6

3 beds1 bath6 parking1,300 ft²31 × 197 ft (6,048 sq ft) lot sizeListed 17 days ago

Overview

This 3-bedroom, 1-bathroom home in London East is for sale offering roughly 1,300 sq ft of space. Listed at $539,900, it is attractively priced about 30% below the $775,000 median asking price in London East. It has been on the market 17 days, fresher than the London East average of 48 days.

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Description

966 Colborne Street is a lovely two-storey, three-bedroom, one-bathroom home situated on a nearly 200-foot-deep lot in the heart of Old North, complete with a detached double-car garage and plenty of parking. Located in a highly desirable, family-friendly neighbourhood close to excellent schools, parks, shopping, transit and everyday amenities. Inside, you'll find a spacious living room and dining area flowing into a beautifully renovated open-concept kitchen featuring new quartz countertops, stainless steel appliances and new vinyl flooring throughout the main level. Boiler heating and two brand-new mini-split systems provide added comfort throughout the seasons. The bright rear addition offers flexible extra living space ideal for a home office, den, sunroom or additional bedroom, while also providing laundry, storage and direct access to the backyard patio. Upstairs features beautiful hardwood flooring, three spacious bedrooms, each with a closet and large windows, along with a stylish four-piece bathroom featuring an updated vanity and light fixtures. Freshly painted and well cared for, this charming Old North home is ready for its next owner. (id:66096)

Property Details

MLS®: X14097258
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 6
Interior Size: 1,300 ft²
Lot Size: 31 × 197 ft (6,048 sq ft)
Frontage: 31 ft
Storeys: 2
Basement: Crawl space, None
Heating: Radiant heat, Other, Other
Cooling: Wall unit
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $3,805/yr
Listed: 17 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Hood Fan, Water Heater
Foundation: Unknown, Concrete
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

London East (East B) listings, avg age

48d

Price / ft²

$415

List price

$540K

Haho

This 3-bed single family in London East (East B) has been listed for 17 days, which is 31 days fresher than the city average of 48. Act while there is still low competition.

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Listed by THRIVE REALTY GROUP INC. · AVERY MELLOR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6A)

This home lists at $539,900, about 8.8× the local median household income of $61,200.

Carrying it typically needs a household income of about $105,461 (20% down, 25-yr amortization, stress-tested) — roughly 72% above the area median.

Median household income: $61,200
Population: 13,810
Median age: 34
Owner / renter: 29% / 71%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA N6A)

$539,900· $415/ft²

For sale

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Full Cost Breakdown

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Down Payment5.37% · $28,990

Min 5.37%50%

Mortgage payment$2,833/mo

↳ CMHC premium ($20,436 capitalized)

Property tax (est.)$317/mo

Total monthly$3,150

Cash Needed to Close

Down payment (5.37%)$28,990

Land transfer tax$7,273

Est. closing costs$4,120

Total cash needed$40,383

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