$359,000

For sale

#715 521 Riverside Drive, London North (North P) - Single Family for Sale

#715 521 Riverside Drive, London North (North P), Ontario, N6H5E2

2 beds1 bath2 parking1,100 ft²$600/mo condo feeListed 28 days ago

Overview

This 2-bedroom, 1-bathroom condo in London North is for sale offering roughly 1,100 sq ft of space. Listed at $359,000, it is attractively priced about 21% below the $454,900 median asking price in London North. It has been on the market 28 days, fresher than the London North average of 60 days.

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Description

Welcome to this beautifully renovated penthouse at 521 Riverside Drive, Unit 715. This bright and exceptionally well-maintained 2-bedroom, 1-bathroom unit has been thoughtfully updated and converted to a desirable open-concept layout, creating a spacious and inviting living environment. Enjoy the convenience and privacy of penthouse living with a clean, modern feel throughout. Lovingly cared for by the same owner since 1995, this home has been meticulously maintained and is truly move-in ready. A great opportunity for those looking for a renovated, low-maintenance home in a well-established London building. (id:66096)

Property Details

MLS®: X13872306
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $600/mo
Fee Includes: Common Area Maintenance, Water, Parking
Ownership: Condo/Strata
Property Tax: $2,665/yr
Listed: 28 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Dryer, Garage door opener remote(s), Water Heater
Exterior: Brick
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

28d

London North (North P) listings, avg age

60d

Price / ft²

$327

List price

$359K

Haho

This 2-bed single family in London North (North P) has been listed for 28 days, which is 32 days fresher than the city average of 60. Act while there is still low competition.

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Listed by BLUE FOREST REALTY INC. · ODAY DABBAS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6H)

This home lists at $359,000, about 5.1× the local median household income of $71,000.

Carrying it typically needs a household income of about $70,125 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $71,000
Population: 44,215
Median age: 38.8
Owner / renter: 46% / 54%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N6H)

$359,000· $327/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $17,950

Min 5%50%

Mortgage payment$1,891/mo

↳ CMHC premium ($13,642 capitalized)

Property tax (est.)$222/mo

Condo fee$600/mo

Total monthly$2,713

Cash Needed to Close

Down payment (5%)$17,950

Land transfer tax$3,860

Est. closing costs$3,577

Total cash needed$25,387

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