$369,900

For saleJust listed

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#38 700 EXETER Road, London - Single Family for Sale

#38 700 EXETER Road, London, Ontario, N6E1L2

3 beds2 baths1 parking ft²

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For sale

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$340K

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Listed by Re/Max Real Estate Centre Inc.

Investment analysis

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$369,900

London

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Overview

This 3-bedroom, 2-bathroom condo in London is for sale offering roughly 1,305 sq ft of space. Its $369,900 asking price sits right in line with the $359,000 median in London. It has been on the market 4 days, fresher than the London average of 62 days.

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

Description

Opportunity awaits first-time home buyers, investors, and families! This hidden gem is conveniently located close to shopping, parks, community centres, and offers easy access to Highway 401. This 3-bedroom, 1.5-bathroom townhouse features a spacious living room, updated flooring throughout, and an eat-in kitchen with soft-close cabinetry and stainless-steel appliances. Upstairs, you’ll find three generously sized bedrooms and a renovated bathroom. A great opportunity to make this home your own. Call today to book your private showing! (id:66096)

Property Details

MLS®: 40866157
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: 1,305 ft²
Year Built: 1980
Storeys: 2
Style: Other
Basement: Partially finished, Full
Heating: Forced air
Cooling: Central air conditioning
Garage: Open
Condo Fee: $300/mo
Fee Includes: Landscaping, Property Management, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,911/yr
Listed: 4 days ago

Rooms

Basement

Utility room: 27'0'' x 18'0''
Recreation room: 15'0'' x 17'0''

Second level

3pc Bathroom: 10'0'' x 5'0''
Bedroom: 12'0'' x 9'0''
Bedroom: 13'0'' x 8'0''
Primary Bedroom: 17'0'' x 13'0''

Main level

2pc Bathroom: 4'0'' x 4'0''
Kitchen/Dining room: 26'0'' x 8'0''
Living room: 22'0'' x 17'0''

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

Area context

Neighbourhood profile (N6E)

This home lists at $369,900, about 4.9× the local median household income of $75,000.

Carrying it typically needs a household income of about $72,254 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $75,000
Population: 28,140
Median age: 38
Owner / renter: 69% / 31%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N6E)

$369,900· $283/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,495

Min 5%50%

Mortgage payment$1,948/mo

↳ CMHC premium ($14,056 capitalized)

Property tax (est.)$159/mo

Condo fee$300/mo

Total monthly$2,408

Cash Needed to Close

Down payment (5%)$18,495

Land transfer tax$4,024

Est. closing costs$3,610

Total cash needed$26,129

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

#38 700 EXETER Road, London - Single Family for Sale

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Neighbourhood profile (N6E)

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