$149,900

For sale

#606 563 MORNINGTON Avenue, London East (East G) - Single Family for Sale

#606 563 MORNINGTON Avenue, London East (East G), Ontario, N5Y4T8

1 bed1 bath1 parking650 ft²$509/mo condo feeListed 30 days ago

Overview

This 1-bedroom, 1-bathroom condo in London East is for sale offering roughly 650 sq ft of space. Listed at $149,900, it is attractively priced about 14% below the $174,900 median asking price in London East. It has been on the market 30 days, fresher than the London East average of 70 days.

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Description

Welcome to this spacious 1-bedroom unit featuring a large private balcony with beautiful views-the perfect spot to enjoy your morning coffee or unwind while watching the evening sunset. New Laminate Flooring. Located in a Family-friendly Neighborhood surrounded by Mature Trees and Green spaces, this well-maintained home offers a peaceful and welcoming atmosphere. The unit features a well-maintained kitchen, generously sized family room, comfortable bedroom, and a 3-piece bathroom.Enjoy the convenience of being within walking distance to shopping, restaurants, and everyday amenities at the corner of Oxford Street and Highbury Avenue. With easy access to Fanshawe College, public transit, and major routes, this property is an excellent choice for first-time buyers, students, professionals, or investors.Condo Fee: $508,66/month, Includes: Heat, Hydro, and Water.Don't miss this fantastic opportunity to own a spacious and affordable unit in a sought-after location! (id:66096)

Property Details

MLS®: X13873686
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Baseboard heaters, Natural gas
Garage: No Garage
Condo Fee: $509/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance
Ownership: Condo/Strata
Property Tax: $1,375/yr
Listed: 30 days ago

Rooms

Flat

Living room: 5.8 x 3.6 meters
Kitchen: 3.5 x 2.1 meters
Bedroom: 3.9 x 3 meters
Dining room: 3.6 x 3 meters

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

Features

Flooring: Laminate, Ceramic
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

London East (East G) listings, avg age

70d

Price / ft²

$231

List price

$150K

Haho

This 1-bed single family in London East (East G) has been listed for 30 days, which is 40 days fresher than the city average of 70. Act while there is still low competition.

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Listed by NEWGEN REALTY EXPERTS · SAMPAN BHATIA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5Y)

This home lists at $149,900, about 2.4× the local median household income of $63,600.

Carrying it typically needs a household income of about $29,281 (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)

$149,900· $231/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $7,495

Min 5%50%

Mortgage payment$790/mo

↳ CMHC premium ($5,696 capitalized)

Property tax (est.)$115/mo

Condo fee$509/mo

Total monthly$1,413

Cash Needed to Close

Down payment (5%)$7,495

Land transfer tax$1,224

Est. closing costs$2,950

Total cash needed$11,669

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