$574,900 - 152 Albert Street Unit 2, London East
Condo for Sale in London East
109 days on market- MLS Number
- X12703326
- Property Type
- Condo
- Status
- active
- Days on Site
- 109
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- STREETCITY REALTY INC.
A truly unique downtown gem - and one of the few townhouse-style condo complexes in the core! This exclusive community of just 24 homes offers a rare blend of space, privacy, and convenience that's hard to find among surrounding apartment buildings - perfect for professionals seeking an elevated lifestyle and retirees looking for cultural and social amenities within walking distance. This gorgeous executive townhome includes secure underground parking for two vehicles with direct access from the garage right into your finished basement. Enjoy your own private, oversized patio with gas hookup-ideal for outdoor dining or relaxing. Inside, discover a brand-new custom kitchen with quartz countertops, a stylish tile backsplash, and state-of-the-art appliances including a built-in bar fridge. The open-concept main floor features new luxury vinyl plank flooring, California shutter-style window coverings, and custom accent walls that add warmth and modern character to the living and dining areas, complemented by a cozy gas fireplace. Upstairs, the primary suite showcases rich hardwood flooring, a spacious walk-in closet, and a beautifully renovated ensuite with a glass shower, soaking tub, and double vanity. The lower level includes an updated 3-piece bath, another bedroom, and a cedar sauna in excellent condition. Condo fees conveniently cover water, private garbage pickup, windows, doors, patios, and garden maintenance, providing a truly low-maintenance lifestyle. Spacious, sophisticated, and unlike anything else downtown - this is a must-see!
Estimate your monthly payments for this property
Estimated Payment
$2,949.53/mo
Includes CMHC insurance ($16,040)
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.
152 Albert Street Unit 2, 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 $479/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 109 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.
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 $2,395 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.