$248,800

For sale

#38 700 EXETER Road, London, Ontario, N6E1L2

3 bd2 ba1 pk1,305 ft²+$300/mo

Listed by Right At Home Realty

#108 1725 ERNEST Avenue, London, Ontario, N6E2W3

For sale

22 days ago

$350K

#108 1725 ERNEST Avenue, London, Ontario, N6E2W3

4 bd2 ba1 pk1,490 ft²+$410/mo

Listed by Royal Lepage Signature Realty

#16 320 WESTMINISTER Avenue, London, Ontario, N6C5H5

For sale

22 days ago

$299K

#16 320 WESTMINISTER Avenue, London, Ontario, N6C5H5

3 bd2 ba1 pk1,733 ft²+$390/mo

Listed by Chestnut Park Realty Southwestern Ontario Limited

#111 1247 HURON Street, London, Ontario, N5Y4X7

For sale

24 days ago

$340K

#111 1247 HURON Street, London, Ontario, N5Y4X7

2 bd2 ba1 pk1,861 ft²+$375/mo

Listed by Re/Max Real Estate Centre Inc.

Investment analysis

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$248,800

London

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Overview

This 2-bedroom, 1-bathroom condo in London is for sale offering roughly 974 sq ft of space. Listed at $248,800, it is attractively priced about 31% below the $359,000 median asking price in London. It has been on the market 10 days, fresher than the London average of 62 days.

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

Description

Fantastic opportunity to build instant equity in this spacious 2-bedroom top-floor condo with one of the best balcony views in the building! Freshly painted throughout with a brand-new front door, this suite has had the flooring and trim removed and is ready for you to choose your own finishes and make it your own. Enjoy a generous primary bedroom overlooking green space, a kitchen with stainless steel appliances (2025), a bathroom with updated tile shower surround, convenient in-suite laundry/storage, and a bright living room with peaceful green space views. Additional highlights include newer furnace (2023) and an owned hot water tank (2025). Just a short walk to everyday amenities and Victoria Hospital, with easy access to Highway 401. Building amenities include a gym, sauna, outdoor pool, and tennis/pickleball courts. Bring your vision and take advantage of this great opportunity! (id:66096)

Property Details

MLS®: 40874156
Property Type: Single Family
Zoning: R9-7
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 974 ft²
Year Built: 1988
Storeys: 12
Style: Other
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Open
Condo Fee: $497/mo
Fee Includes: Water, Parking
Ownership: Freehold
Property Tax: $2,045/yr
Listed: 10 days ago

Rooms

Main level

Bedroom: 8'5'' x 10'11''
Primary Bedroom: 12'1'' x 15'9''
4pc Bathroom: 4'11'' x 8'7''
Kitchen: 8'0'' x 8'4''
Dining room: 9'7'' x 8'2''
Family room: 18'8'' x 9'5''

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

Area context

Neighbourhood profile (N6C)

This home lists at $248,800, about 3.3× the local median household income of $75,500.

Carrying it typically needs a household income of about $48,599 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $75,500
Population: 30,629
Median age: 41.6
Owner / renter: 57% / 44%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA N6C)

$248,800· $255/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $12,440

Min 5%50%

Mortgage payment$1,310/mo

↳ CMHC premium ($9,454 capitalized)

Property tax (est.)$170/mo

Condo fee$497/mo

Total monthly$1,978

Cash Needed to Close

Down payment (5%)$12,440

Land transfer tax$2,213

Est. closing costs$3,246

Total cash needed$17,899

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

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#1201 858 COMMISSIONERS Road East, London - Single Family for Sale

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