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$349K · 4 bed Condo Apartment · East H, London East | MyPropertyScout

$349,000

Unit 505

32 DOM

4232d

Map

DOM 32

$349,000

F●●○○○DOM32days

Unit 505

626 First Street · London East · Ontario N5V 2A2

MLS® X13214794 · East H · N5V 2A2

42TenantOccupied800-899 ft²Condo ApartmentNone32d$411/ft²$2,028 tax/yr

23% above market · regional est. · 32 days on market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Investment opportunity! This top-floor condo is conveniently located across from Fanshawe College. is offered turn-key and currently retrofit to accommodate 4 single student rental rooms, kitchen and 2 full baths. Can also be easily reversed back to a single family unit. All bedroom furnishings are included - smart tv's, beds, desks, bookshelves and more! The solid brick building is equipped with an elevator and security cameras throughout. A helpful on-site building manager, 1 assigned parking…

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Property details

MLS#: X13214794
Status: Buy Now
Beds: 4
Baths: 2 full, 0 half
Size: 800-899
Style: 1 Storey/Apt
Type: Condo Apartment
Year built: —

View: City

Condo corp #: 233
Balcony: Open
Locker: None
Fees include: Water Included, Common Elements Included, Parking Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 1 total
Heating: Baseboard
Heating fuel: Electric
Cooling: None
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Oxford Street & Second Street
Basement: None
Stories: 6
Utilities: —
Laundry: Coin Operated
Interior: Carpet Free
Parking features: —

Rooms

Room dimensions are not available for this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: SUTTON GROUP - SELECT REALTY

Source: TRREB/PROPTX · MLS® X13214794

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$349K

Unit 505 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $349,000✓ $2,028 tax✓ Electric✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,392/mo

incl. closing costs (yr 1)

Annual total

$40,708

year 1

Mortgage only

$1,324/mo

principal + interest

Beyond mortgage

$1,301/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$69,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$169/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~850 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$3,490/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$45/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$3,710

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)39% $15,888/yr

Property taxes14% $5,738/yr

Utilities6% $2,460/yr

Insurance & security4% $1,600/yr

Maintenance9% $3,490/yr

Condo fees16% $6,432/yr

Closing costs13% $5,100/yr

Mortgage is 39% of your true cost of ownership. The other 61% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$15,888	$1,324/mo
Government & taxes
Property tax	$2,028	$169/mo
Land transfer tax(closing)	$3,710	$309/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$3,490	$291/mo
Condo fees
Condo / HOA fees	$6,432	$536/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$40,708	$3,392/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 505

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs