$229,900

For saleJust listed

#509 45 Pond Mills Road, London South (South J) - Single Family for Sale

#509 45 Pond Mills Road, London South (South J), Ontario, N5Z4W5

1 bed1 bath1 parking750 ft²$495/mo condo feeListed Today

Overview

This 1-bedroom, 1-bathroom condo in London South is for sale offering roughly 750 sq ft of space. Listed at $229,900, it is attractively priced about 26% below the $309,900 median asking price in London South. It has been on the market 0 days, fresher than the London South average of 58 days.

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Description

Welcome to Unit 509 at Rivers Edge, 45 Pond Mills Road. This bright 1 bedroom condo combines comfort, convenience and a setting that's hard to beat. It has 750 square feet of well-planned living space, with an open living and dining area that gets lots of natural light. The galley kitchen is functional, with everything you need, and the primary bedroom is generous-sized. In-suite laundry adds everyday convenience. Freshly painted, with updated windows, this unit feels like home. From the 5th floor you'll enjoy beauiful views of the Forest City and the Thames River. The building's newer windows add energy efficiency and natural light. Your purchase includes one underground parking space, and the building offers a sauna, a rooftop deck and a smoke-free environment. The location is great for anyone who loves the outdoors. You're minutes from the Thames River, the Kiwanis Park trails and Pond Mills Conservation Area. Transit, shopping, groceries and quick routes downtown and to the 401 are all close by. This home suits first-time buyers, downsizers and investors alike. It's move-in ready for you today! (id:66096)

Property Details

MLS®: X14159066
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: Garage, Underground
Condo Fee: $495/mo
Fee Includes: Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,425/yr
Listed: Today

Rooms

Main level

Kitchen: 8.2 x 8.2 meters
Dining room: 8 x 8 meters
Living room: 17.4 x 1 meters
Primary Bedroom: 14.2 x 9.6 meters

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

Features

Exterior: Concrete

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

London South (South J) listings, avg age

58d

Price / ft²

$307

List price

$230K

Haho

This 1-bed single family in London South (South J) has been listed for 0 days, which is 58 days fresher than the city average of 58. Act while there is still low competition.

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Listed by ROYAL LEPAGE TRILAND REALTY · KRYSTAL LEE MOORE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N5Z)

This home lists at $229,900, about 3.6× the local median household income of $64,500.

Carrying it typically needs a household income of about $44,908 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $64,500
Population: 24,067
Median age: 40
Owner / renter: 62% / 38%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N5Z)

$229,900· $307/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $11,495

Min 5%50%

Mortgage payment$1,211/mo

↳ CMHC premium ($8,736 capitalized)

Property tax (est.)$119/mo

Condo fee$495/mo

Total monthly$1,824

Cash Needed to Close

Down payment (5%)$11,495

Land transfer tax$2,024

Est. closing costs$3,190

Total cash needed$16,709

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