$499,000

For sale

#19 5 Cadeau Terrace, London South (South B) - Single Family for Sale

#19 5 Cadeau Terrace, London South (South B), Ontario, N6K4H1

2 beds3 baths4 parking1,700 ft²$512/mo condo feeListed 8 days ago

Overview

This 2-bedroom, 3-bathroom condo in London South is for sale offering roughly 1,700 sq ft of space. Listed at $499,000, it is attractively priced about 7% below the $534,900 median asking price in London South. It has been on the market 8 days, fresher than the London South average of 72 days.

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Description

First time offered on market ! Located in highly desirable River Bend, Cadeau Terrace, Byron. Strategically located near entrance and Commissioner Rd W lights. Floor plan is one of the largest offered with approx. 1789 sf on main level. Main level features main floor laundry, eat-in kitchen with patio door walkout to courtyard, formal dining area and living room with hardwood floors throughout. Large primary bedroom and 4 pc ensuite bath. Downstairs has been prepared to final finishing steps, with insulation, wiring, drywall painted, and baseboard trim, along with a bonus 2 pc bathroom. This has potential for workshop, hobby room, exercise room, or anything else you desire. Outside you have your own private courtyard with flower beds and stamped concrete patio. There is a strip of green space along the back between the row of homes. Be part of a vibrant community, located in a great part of the City. Book your private viewing today ! (id:66096)

Property Details

MLS®: X14119772
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 4
Interior Size: 1,700 ft²
Storeys: 1
Style: Bungalow
Basement: Partially finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Condo Fee: $512/mo
Fee Includes: Common Area Maintenance

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Freezer, Furniture, Garage door opener remote(s)
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

London South (South B) listings, avg age

72d

Price / ft²

$294

List price

$499K

Haho

This 2-bed single family in London South (South B) has been listed for 8 days, which is 64 days fresher than the city average of 72. Act while there is still low competition.

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Listed by RE/MAX CENTRE CITY REALTY INC. · DAVID LEE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6K)

This home lists at $499,000, about 5.0× the local median household income of $100,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $100,000
Population: 37,596
Median age: 44.4
Owner / renter: 70% / 30%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N6K)

$499,000· $294/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$397/mo

Condo fee$512/mo

Total monthly$3,537

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$6,455

Est. closing costs$3,997

Total cash needed$35,402

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