$249,900

For sale

#1805 323 Colborne Street, London East (East K) - Single Family for Sale

#1805 323 Colborne Street, London East (East K), Ontario, N6B3N8

1 bed1 bath1 parking850 ft²$588/mo condo feeListed 91 days ago

Overview

This 1-bedroom, 1-bathroom condo in London East is for sale offering roughly 850 sq ft of space. Listed at $249,900, it is attractively priced about 40% below the $420,000 median asking price in London East.

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Description

Completely renovated Unit provides an excellent opportunity for buyers and investors alike - this 18th floor updated 1-bedroom condo in downtown London is being offered for $249,900. The unit features modernized kitchen cabinetry, newer high-end appliances, and updated windows, providing a turnkey ownership experience. Residents also benefit from a strong amenity package, including: - Controlled entry - Indoor pool, hot tub & sauna - Fitness room - Tennis court - Underground parking. This property presents a compelling option for entry-level buyers, downsizers, or investors seeking value in a central location. Leave your cares behind in this Professionally & extremely well managed building by Highpoint Property Management. (id:66096)

Property Details

MLS®: X13649822
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 850 ft²
Basement: Other, See Remarks, N/A
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $588/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,364/yr
Listed: 91 days ago

Rooms

Main level

Kitchen: 2.38 x 2.36 meters
Dining room: 2.8 x 2.46 meters
Bedroom: 4.08 x 3.55 meters
Living room: 5.87 x 3.71 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, Stove, Dryer
Foundation: Poured Concrete
Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

91d

London East (East K) listings, avg age

87d

Price / ft²

$294

List price

$250K

Haho

This 1-bed single family in London East (East K) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by OAK AND KEY REAL ESTATE BROKERAGE, INC. · JACK W LANE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6B)

This home lists at $249,900, about 5.1× the local median household income of $49,200.

Carrying it typically needs a household income of about $48,814 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$249,900· $294/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,495

Min 5%50%

Mortgage payment$1,316/mo

↳ CMHC premium ($9,496 capitalized)

Property tax (est.)$197/mo

Condo fee$588/mo

Total monthly$2,101

Cash Needed to Close

Down payment (5%)$12,495

Land transfer tax$2,224

Est. closing costs$3,250

Total cash needed$17,969

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