$324,900

For sale

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#10 511 Admiral Drive, London East (East I) - Single Family for Sale

#10 511 Admiral Drive, London East (East I), Ontario, N5V4R4

3 beds2 baths1 parking ft²

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Listed by ROYAL LEPAGE TRILAND REALTY

#73 1919 Trafalgar Street, London East (East I), Ontario, N5V1A1

For sale

8 days ago

$125K

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2 bd2 ba1 pk850 ft²+$240/mo

Listed by ACCSELL REALTY INC.

#59 511 Admiral Drive, London East (East I), Ontario, N5V4R4

For sale

22 days ago

$390K

#59 511 Admiral Drive, London East (East I), Ontario, N5V4R4

3 bd2 ba1 pk1,300 ft²+$326/mo

Listed by KELLER WILLIAMS LIFESTYLES

Investment analysis

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$324,900

London East

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Overview

This 3-bedroom, 2-bathroom condo in London East is for sale offering roughly 1,300 sq ft of space. Its $324,900 asking price sits right in line with the $324,900 median in London East. It has been on the market 9 days, fresher than the London East average of 53 days.

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

Description

Excellent opportunity to make this house your new home-perfect for first-time buyers! Spacious two storey condo in well maintained East London complex. Bright white kitchen with lots of cabinets. Large living room with patio door to sundeck. Three bedrooms including an oversized primary bedroom with tons of closets. Two bathrooms. Lower level with finished family room and still lots of space for storage and laundry. Close to schools and shopping with easy access to Highway 401. Quick possession available. Sold as is. (id:66096)

Property Details

MLS®: X14118412
Property Type: Single Family
Zoning: R5-4
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,300 ft²
Storeys: 2
Basement: Partially finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $326/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,246/yr
Listed: 9 days ago

Rooms

Main level

Kitchen: 5.33 x 3.58 meters
Living room: 5.84 x 4.03 meters

Second level

Primary Bedroom: 5.23 x 2.99 meters
Bedroom: 2.61 x 2.74 meters
Bedroom: 3.65 x 2.99 meters

Lower level

Family room: 4.41 x 5.66 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 (N5V)

This home lists at $324,900, about 4.4× the local median household income of $74,500.

Carrying it typically needs a household income of about $63,464 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $74,500
Population: 32,961
Median age: 36.4
Owner / renter: 62% / 38%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA N5V)

$324,900· $250/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,245

Min 5%50%

Mortgage payment$1,711/mo

↳ CMHC premium ($12,346 capitalized)

Property tax (est.)$187/mo

Condo fee$326/mo

Total monthly$2,224

Cash Needed to Close

Down payment (5%)$16,245

Land transfer tax$3,349

Est. closing costs$3,475

Total cash needed$23,069

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

#10 511 Admiral Drive, London East (East I) - Single Family for Sale

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Description

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Neighbourhood profile (N5V)

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