$299,000

For sale

#702 549 Ridout Street North, London East (East F) - Single Family for Sale

#702 549 Ridout Street North, London East (East F), Ontario, N6A5N5

2 beds1 bath2 parking1,300 ft²$670/mo condo feeListed 139 days ago

Overview

This 2-bedroom, 1-bathroom condo in London East is for sale offering roughly 1,300 sq ft of space. Listed at $299,000, it is attractively priced about 12% below the $339,900 median asking price in London East.

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Description

Downtown views are waiting for you! Welcome to this 2 bed + den condo in the core of the city at The Blackfriars building. This unit features an open concept living and dining room with large windows. Turn your den into an office space or third bedroom. The large primary bedroom has a walk in closet and jack and jill bathroom. In suite laundry makes this a fantastic space. Underground parking and controlled entry to ensure safety. Other included amenities are exercise room, party room, workspace, and an outdoor BBQ patio. Water and underground parking with 2 spaces is also included in this welcoming building. Walk to Harris Park, Canada Life Centre for a concert or the Covent Garden Market. Not to be missed! (id:66096)

Property Details

MLS®: X13470190
Property Type: Single Family
Zoning: R10-3*H30
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 1,300 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: Garage, Underground
Condo Fee: $670/mo
Fee Includes: Common Area Maintenance, Water, Parking
Ownership: Condo/Strata
Property Tax: $3,219/yr
Listed: 139 days ago

Rooms

Main level

Foyer: 3.51 x 3.95 meters
Living room: 5.53 x 7.38 meters
Kitchen: 2.5 x 3.56 meters
Laundry room: 3.04 x 2.38 meters
Primary Bedroom: 7.19 x 3 meters
Bedroom 2: 3.77 x 3.27 meters
Den: 3.86 x 3.22 meters

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

Features

Exterior: Brick
Lot Features: Elevator, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

139d

London East (East F) listings, avg age

74d

Price / ft²

$230

List price

$299K

Haho

This 2-bed single family in London East (East F) 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 BLUE FOREST REALTY INC. · ANDREA FERRETT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6A)

This home lists at $299,000, about 4.9× the local median household income of $61,200.

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: $61,200
Population: 13,810
Median age: 34
Owner / renter: 29% / 71%
Avg. household size: 1.8

Source: Statistics Canada, 2021 Census (FSA N6A)

$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.)$268/mo

Condo fee$670/mo

Total monthly$2,513

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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