$299,000

For sale

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#16 320 WESTMINISTER Avenue, London - Single Family for Sale

#16 320 WESTMINISTER Avenue, London, Ontario, N6C5H5

3 beds2 baths1 parking ft²

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Listed by RE/MAX Escarpment Realty Inc.

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Listed by Royal Lepage Signature Realty

#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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$299,000

London

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Overview

This 3-bedroom, 2-bathroom condo in London is for sale offering roughly 1,733 sq ft of space. Listed at $299,000, it is attractively priced about 17% below the $359,000 median asking price in London. It has been on the market 22 days, fresher than the London average of 62 days.

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

Description

An excellent opportunity for first-time home buyers! This 3-bedroom, 2-bathroom condo townhouse offers plenty of potential for buyers looking to enter the market and make a home their own. The finished walkout basement, raised deck and fenced yard provides extra space both inside and out, provides additional living space. With some updating and a little TLC, this property is a great opportunity to personalize your space and create a home that suits your style. (id:66096)

Property Details

MLS®: 40871067
Property Type: Single Family
Zoning: R5-4
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,733 ft²
Year Built: 1982
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Open
Condo Fee: $390/mo
Fee Includes: Water, Parking
Ownership: Condo/Strata
Property Tax: $2,129/yr
Listed: 22 days ago

Rooms

Basement

Recreation room: 13'11'' x 16'9''

Main level

Dining room: 9'4'' x 8'3''
2pc Bathroom
Living room: 21'3'' x 11'6''
Kitchen: 8'11'' x 8'6''

Second level

4pc Bathroom
Bedroom: 13'1'' x 8'0''
Bedroom: 9'8'' x 8'5''
Primary Bedroom: 12'4'' x 14'3''

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 $299,000, about 4.0× the local median household income of $75,500.

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: $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)

$299,000· $173/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.)$177/mo

Condo fee$390/mo

Total monthly$2,142

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

#16 320 WESTMINISTER Avenue, London - Single Family for Sale

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Neighbourhood profile (N6C)

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