$299,000

For sale

#52 550 SECOND Street, London East (East H) - Single Family for Sale

#52 550 SECOND Street, London East (East H), Ontario, N5V3S3

3 beds3 baths1 parking1,300 ft²$370/mo condo feeListed 22 days ago

Overview

This 3-bedroom, 3-bathroom condo in London East is for sale offering roughly 1,300 sq ft of space. Its $299,000 asking price sits right in line with the $299,000 median in London East. It has been on the market 22 days, fresher than the London East average of 69 days.

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Description

Welcome to 550 Second St, Unit 52! This spacious townhouse features a functional layout with 3+1 bedrooms (basement room) and 2.5 bathrooms, ideal for families or investors. The main floor offers a bright kitchen with a large window, a dedicated dining area, and a comfortable living room. Peace of mind comes standard with a new roof, along with the comfort of central gas heating and central air conditioning. Upstairs, you will find three generous bedrooms, while the finished basement provides a versatile recreation room. Complete with a fully fenced backyard and situated just steps from Fanshawe College, this move-in-ready property is an excellent high-potential investment or personal residence. ( **Pictures are Virtually Edited ) (id:66096)

Property Details

MLS®: X14022018
Property Type: Single Family
Zoning: R5-4
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 1
Interior Size: 1,300 ft²
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $370/mo
Fee Includes: Common Area Maintenance, Parking
Ownership: Condo/Strata
Property Tax

Rooms

Basement

Bathroom
Bedroom: 4.62 x 3.4 meters

Main level

Living room: 6.01 x 5.25 meters
Dining room: 3.2 x 2.2 meters
Kitchen: 3.5 x 3.22 meters
Bathroom

Second level

Primary Bedroom: 4.64 x 3.35 meters
Bedroom: 4.01 x 3.25 meters
Bedroom: 2.74 x 2.87 meters
Bathroom

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

London East (East H) listings, avg age

69d

Price / ft²

$230

List price

$299K

Haho

This 3-bed single family in London East (East H) has been listed for 22 days, which is 47 days fresher than the city average of 69. Act while there is still low competition.

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Listed by SHRINE REALTY BROKERAGE LTD. · TINA KOTHARI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5V)

This home lists at $299,000, about 4.0× the local median household income of $74,500.

Carrying it typically needs a household income of about $58,405 (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)

$299,000· $230/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,950

Min 5%50%

Mortgage payment$1,575/mo

↳ CMHC premium ($11,362 capitalized)

Property tax (est.)$143/mo

Condo fee$370/mo

Total monthly$2,087

Cash Needed to Close

Down payment (5%)$14,950

Land transfer tax$2,960

Est. closing costs$3,397

Total cash needed$21,307

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