$349,900 - 1200 Cheapside Street Unit 36, London East
Condo for Sale in London East
83 days on market- MLS Number
- X12932576
- Property Type
- Condo
- Status
- active
- Days on Site
- 83
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- PG DIRECT REALTY LTD.
Visit REALTOR website for additional information. Welcome to this beautifully updated 3-bedroom, 2.5-bathroom condo townhouse located in a highly convenient North East London neighbourhood-perfect for first-time buyers, growing families, or savvy investors. This home has been fully renovated from top to bottom, offering a bright and modern living space filled with natural light. Enjoy brand new flooring throughout, fresh paint, updated light fixtures, and stylish new hardware that give the entire home a clean, fresh feel. The kitchen has been tastefully updated, including all new appliances, new cabinets and quartz countertops, providing both functionality and style, while all bathrooms have been refreshed to reflect today's modern finishes. The fully finished basement adds incredible value, featuring a spacious rec room or den, a 3-piece bathroom, and plenty of storage space-ideal for additional living, working, or entertaining. Step outside to your fenced, private patio and conveniently located exclusive parking space, with ample visitor parking available for guests. Situated close to all amenities, including shopping, dining, public transit routes, Fanshawe College, and Western University, this location offers unmatched accessibility and lifestyle convenience. Move-in ready and thoughtfully upgraded-there's nothing left to do but unpack and enjoy! **Photos have been virtually staged for illustrative purposes
Estimate your monthly payments for this property
Estimated Payment
$1,795.17/mo
Includes CMHC insurance ($9,762)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover London East
London East is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in London East
- •Convenient location in London East
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
London East offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1200 Cheapside Street Unit 36, London East
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $350/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 83 days on site, this property has exceeded the typical selling timeline for London East. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.