$259,900

For sale

#1507 380 King Street, London East (East K) - Single Family for Sale

#1507 380 King Street, London East (East K), Ontario, N6B3L6

3 beds2 baths1 parking1,500 ft²$1,490/mo condo feeListed 66 days ago

Overview

This 3-bedroom, 2-bathroom condo in London East is for sale offering roughly 1,500 sq ft of space. Listed at $259,900, it is attractively priced about 38% below the $420,000 median asking price in London East. It has been on the market 66 days, fresher than the London East average of 87 days.

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Description

Amazing Value! Large 3-bedroom, 2-bathroom unit in downtown London - 1,470 sqft of living space! So many great shops, restaurants, and entertainment just steps from your front door! Heat, hydro, water, cable and internet and amenities included in condo fees! Bright and airy open-concept living/dining area with large windows throughout. Spacious kitchen with built-in appliances. Primary bedroom with ensuite and private balcony. Convenient IN-SUITE LAUNDRY & storage room. Enjoy the fresh air and city views from the sprawling balcony. Underground parking spot included. Tons of great condo amenities to enjoy including indoor swimming pool, exercise room, and more! (id:66096)

Property Details

MLS®: X13731858
Property Type: Single Family
Zoning: h3, DA2, D350
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,500 ft²
Basement: None
Heating: Heat Pump, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $1,490/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,118/yr

Rooms

Main level

Living room: 5.15 x 4.2 meters
Dining room: 5.15 x 2.83 meters
Kitchen: 3.4 x 7.61 meters
Primary Bedroom: 5.46 x 3.56 meters
Bedroom 2: 5.66 x 3.46 meters
Bedroom 3: 3.69 x 2.53 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, Dishwasher, Range, Oven, Dryer, Oven - Built-In
Exterior: Concrete
Lot Features: Balcony, Carpet Free, In suite Laundry

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

$173

List price

$260K

Haho

This 3-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 OLIVER & ASSOCIATES KATIE WHITE REAL ESTATE BROKERAGE INC. · KATIE WHITE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6B)

This home lists at $259,900, about 5.3× the local median household income of $49,200.

Carrying it typically needs a household income of about $50,768 (20% down, 25-yr amortization, stress-tested) — roughly 3% 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)

$259,900· $173/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,995

Min 5%50%

Mortgage payment$1,369/mo

↳ CMHC premium ($9,876 capitalized)

Property tax (est.)$260/mo

Condo fee$1,490/mo

Total monthly$3,118

Cash Needed to Close

Down payment (5%)$12,995

Land transfer tax$2,374

Est. closing costs$3,280

Total cash needed$18,649

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