$549,900 - 1241 HAMILTON Road Unit 64, London East
Condo for Sale in London East
- MLS Number
- X13210882
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- SUTTON GROUP PAWLOWSKI & COMPANY REAL ESTATE BROKERAGE INC.
Welcome to the 18th @ Eastpark...one of London's most sought-after condominium communities offering carefree living in a mature, beautifully maintained setting. This well-kept bungalow condo is move-in ready and showcases pride of ownership throughout.Rare walkout lower level backing onto a serene, private green space with towering mature trees...a peaceful "park-like" backdrop rarely found in condo living. Enjoy outdoor living from both the upper sundeck off the dining area, ideal for summer BBQs, and the lower patio deck with walkout access from the finished basement family room.The main floor features a bright open-concept layout with vaulted ceilings, large windows, hardwood flooring, and an inviting living room with fireplace. Spacious dining area with patio doors to the upper deck creates seamless indoor-outdoor living. Functional white kitchen with ample cabinetry and workspace. Generous primary bedroom with hardwood flooring and large windows overlooking the mature landscape. Additional main floor bedroom and full bath offer flexible living options.The fully finished lower level provides exceptional additional living space with a large rec room/family room, walkout to private deck, spacious guest bedroom, full bathroom, and plenty of storage.Fantastic location close to shopping, restaurants, golf, walking trails, recreation centres, and everyday amenities with quick access to Highway 401. Affordable, low-maintenance living in one of London's most desirable condo communities.Quick closing available.
Estimate your monthly payments for this property
Estimated Payment
$2,821.27/mo
Includes CMHC insurance ($15,342)
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.
1241 HAMILTON Road Unit 64, 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 $611/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.
Market Position
At 21 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Efficient Living
At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.
Investment Perspective
Looking at this as an investment: London East properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,291 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.