$759,900 - 250 Pall Mall Street Unit 1203, London East
Condo for Sale in London East
53 days on market- MLS Number
- X13036222
- Property Type
- Condo
- Status
- active
- Days on Site
- 53
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,800 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- NU-VISTA PINNACLE REALTY BROKERAGE INC
Experience elevated downtown living at 250 Pall Mall Street, one of London's most sought-after addresses. Positioned on the 12th floor, this exceptional 2 bedroom corner suite showcases breathtaking city views from nearly every angle. A standout feature is the expansive southeast-facing terrace, one of only a handful in the building to offer this level of private outdoor space, ideal for entertaining or unwinding above the skyline. A second south-facing terrace off the bedroom creates the perfect setting for morning coffee with sunrise views. Inside, the thoughtfully designed open-concept layout is filled with natural light from floor-to-ceiling windows. The updated kitchen offers a seamless blend of style and practicality, flowing into the main living space for easy everyday living and hosting. The impressive primary suite features a gorgeous 5 piece ensuite with heated floors, a custom walk in closet and direct access to an even larger closet with California closet custom built ins that could be converted back into a Den. The second bedroom provides flexibility for guests, a home office, or additional living space. Throughout the unit, you'll find a clean, carpet-free design that enhances the bright, modern feel. Adding to its rarity, this unit includes one of the most desirable parking setups in the building, with an oversized exclusive-use space that can comfortably fit up to three vehicles, possibly even four. Combining premium finishes, unmatched outdoor living, and a versatile layout in the heart of the city, this home is an ideal fit for professionals, downsizers, or anyone looking for a unique urban property. CONDO FEES INCLUDE UTILITIES! DEN CURRENTLY BEING USED AS SECOND WALK-IN CLOSET
Estimate your monthly payments for this property
Estimated Payment
$3,898.68/mo
Includes CMHC insurance ($21,201)
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.
250 Pall Mall Street Unit 1203, 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 $422/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 53 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.
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 $3,166 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.