$389,900

For sale

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#8 50 Chapman Court, London North (North I) - Single Family for Sale

#8 50 Chapman Court, London North (North I), Ontario, N6G5E1

3 beds2 baths1 parking ft²

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Investment analysis

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$389,900

London North

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Overview

This 3-bedroom, 2-bathroom condo in London North is for sale offering roughly 1,100 sq ft of space. Listed at $389,900, it is attractively priced about 5% below the $410,000 median asking price in London North. It has been on the market 36 days, fresher than the London North average of 39 days.

Condos for Sale in London North →All real estate in London North →

Description

Great opportunity in a highly convenient location. To own this condo-perfect for first-time buyers or young families! The Fantastic 3 Bedroom + 2 Washroom Townhome Located In A Desirable Complex Within Walking Distance To UWO, Bus Routes, Costco, Banking, Restaurants. Finished Oak Hardwood Flooring on the main floor and laminated floor on the second floor and basement, Partially Finished Basement For A Rec Room. Eat-In Kitchen With Terrace Doors To Private Rear Deck. 2 Parking Spaces, Condo Fees $351 monthly. Move-In condition. (id:66096)

Property Details

MLS®: X13848946
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,100 ft²
Storeys: 2
Basement: Partially finished, Walk-up, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Covered, No Garage
Condo Fee: $351/mo
Fee Includes: Parking
Ownership: Condo/Strata
Property Tax: $2,867/yr
Listed: 36 days ago

Rooms

Main level

Living room: 6 x 4.43 meters
Bathroom: 1.67 x 1.5 meters
Dining room: 4.5 x 3.13 meters
Kitchen: 3 x 2.9 meters

Lower level

Great room: 5.67 x 5.43 meters
Laundry room: 4 x 3 meters

Upper Level

Primary Bedroom: 4.67 x 4.67 meters
Bedroom 3: 3.43 x 2.83 meters
Bedroom 2: 4.67 x 2.83 meters
Bathroom: 3.17 x 1.67 meters

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

Area context

Neighbourhood profile (N6G)

This home lists at $389,900, about 4.1× the local median household income of $96,000.

Carrying it typically needs a household income of about $76,161 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $96,000
Population: 50,940
Median age: 36.4
Owner / renter: 71% / 29%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N6G)

$389,900· $355/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $19,495

Min 5%50%

Mortgage payment$2,054/mo

↳ CMHC premium ($14,816 capitalized)

Property tax (est.)$239/mo

Condo fee$351/mo

Total monthly$2,644

Cash Needed to Close

Down payment (5%)$19,495

Land transfer tax$4,324

Est. closing costs$3,670

Total cash needed$27,489

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#8 50 Chapman Court, London North (North I) - Single Family for Sale

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Description

Property Details

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Neighbourhood profile (N6G)

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