$322,700

For sale

#501 7 Picton Street, London East (East F) - Single Family for Sale

#501 7 Picton Street, London East (East F), Ontario, N6A3P8

2 beds2 baths1 parking1,500 ft²$995/mo condo feeListed 22 days ago

Overview

This 2-bedroom, 2-bathroom condo in London East is for sale offering roughly 1,500 sq ft of space. Listed at $322,700, it is attractively priced about 5% below the $339,900 median asking price in London East. It has been on the market 22 days, fresher than the London East average of 74 days.

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Description

IMMEDIATE OCCUPANCY AVAILABLE! Steps right into this beautifully updated, south-west-facing corner unit in one of downtown's most desirable locations! Just steps to Victoria Park, City Hall & Richmond Row to enjoy the restaurants, bars and all the city has to offer. This condo offers 1,429 sq. ft. of luxury living space with breathtaking views and sunsets right from your living room. Featuring 2 spacious bedrooms, 2 full bathrooms, and a large living room with 2 bay windows that will be the heart of the home. This meticulously maintained unit is truly one-of-a-kind. Primary bedroom with walk-in closet and new ensuite (2024). Good size second bedroom ideal for guests or roommates with its own renovated bathroom (2024). Located in a prestigious downtown building, this rare opportunity combines luxury, lifestyle, and location all in one. Enjoy your access to exclusive rooftop patio with panoramic views, indoor swimming pool and hot tub, fitness centre, sauna, party room and convenient underground parking all covered with condo fees including water. A move-in ready unit offering style, space, and unbeatable downtown convenience. Close to all amenities including: Canada Life Place, Covent Garden Market, GrandTheatre, medical, banking, London Central Secondary School, public transit, Thames River trails and much more. A great opportunity to live in the heart of it all. (id:66096)

Property Details

MLS®: X14082608
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,500 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $995/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,747.83/yr
Listed: 22 days ago

Rooms

Flat

Living room: 7.41 x 6.64 meters
Dining room: 3.73 x 2.41 meters
Kitchen: 2.67 x 2.42 meters
Primary Bedroom: 5.41 x 3.73 meters
Bedroom 2: 5.16 x 3.14 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, Microwave
Flooring: Laminate
Foundation: Poured Concrete
Exterior: Brick
Lot Features: Elevator, Wheelchair access, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

London East (East F) listings, avg age

74d

Price / ft²

$215

List price

$323K

Haho

This 2-bed single family in London East (East F) has been listed for 22 days, which is 52 days fresher than the city average of 74. Act while there is still low competition.

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Listed by BLUE FOREST REALTY INC. · JADRANKA TOSIC

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6A)

This home lists at $322,700, about 5.3× the local median household income of $61,200.

Carrying it typically needs a household income of about $63,035 (20% down, 25-yr amortization, stress-tested) — roughly 3% 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)

$322,700· $215/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $16,135

Min 5%50%

Mortgage payment$1,700/mo

↳ CMHC premium ($12,263 capitalized)

Property tax (est.)$312/mo

Condo fee$995/mo

Total monthly$3,007

Cash Needed to Close

Down payment (5%)$16,135

Land transfer tax$3,316

Est. closing costs$3,468

Total cash needed$22,919

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