$269,900

For sale

#130 1090 Kipps Lane, London East (East A) - Single Family for Sale

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

2 beds1 bath1 parking650 ft²$365/mo condo feeListed 37 days ago

Overview

This 2-bedroom, 1-bathroom condo in London East is for sale offering roughly 650 sq ft of space. Listed at $269,900, it is attractively priced about 16% below the $320,000 median asking price in London East. It has been on the market 37 days, fresher than the London East average of 50 days.

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Description

Perfect for first-time buyers, this 2 bedroom, 1 bathroom condo offers amazing value in a fantastic location. You will love the bright and open main floor featuring vinyl laminate flooring, a cozy electric fireplace for those winter nights, and new sliding patio door leading to your very own stone patio ideal for BBQs and relaxing downtime. Upstairs, enjoy two freshly painted, generously sized bedrooms with new carpeting in both and a full 4-piece bath. The home comes complete with its own furnace and AC (a rare find in this complex!) ensuring year-round comfort. Laundry is located on the main floor. For larger items, there are coin operated units located in the community Laundry steps away from your home. All this, plus you are close to Western University, Fanshawe College, St. Josephs Hospital, parks, trails, bike paths, restaurants, and more. Stylish, comfortable, and priced right, this condo checks all the boxes! (id:66096)

Property Details

MLS®: X13835276
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Condo Fee: $365/mo
Fee Includes: Common Area Maintenance, Water
Ownership: Condo/Strata
Property Tax: $1,070.81/yr

Rooms

Main level

Kitchen: 3.44 x 4.32 meters
Living room: 3.39 x 4.25 meters

Second level

Bedroom: 3.4 x 3.74 meters
Bedroom 2: 3.4 x 3.27 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, Stove, Dryer, Window Coverings, Water Heater
Exterior: Brick
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

37d

London East (East A) listings, avg age

50d

Price / ft²

$416

List price

$270K

Haho

This 2-bed single family in London East (East A) has been listed for 37 days, which is 13 days fresher than the city average of 50. Act while there is still low competition.

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Listed by Century 21 Heritage House Ltd Brokerage · Jeff Langdon

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5Y)

This home lists at $269,900, about 4.2× the local median household income of $63,600.

Carrying it typically needs a household income of about $52,721 (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)

$269,900· $416/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $13,495

Min 5%50%

Mortgage payment$1,422/mo

↳ CMHC premium ($10,256 capitalized)

Property tax (est.)$89/mo

Condo fee$365/mo

Total monthly$1,876

Cash Needed to Close

Down payment (5%)$13,495

Land transfer tax$2,524

Est. closing costs$3,310

Total cash needed$19,329

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