$349,000 - 470 Second Street Unit 15, London East
Condo for Sale in London East
108 days on market- MLS Number
- X12482686
- Property Type
- Condo
- Status
- active
- Days on Site
- 108
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- North South
- Balcony
- None
- Listing Brokerage
- FORTUNE 2 REALTY INC.
Welcome to this beautifully maintained 2-storey townhouse located within walking distance to Fanshawe College and Forest City Public School. This bright and inviting home offers 3+1 bedrooms and 1.5 bathrooms, making it perfect for families, students, or investors alike. The main floor features a functional layout with a kitchen, dining area, and a spacious living room that opens to a private backyard - ideal for relaxing or entertaining. Upstairs, you'll find three generous bedrooms and a 4-piece bathroom. The finished basement adds even more living space, complete with a fourth bedroom and a large laundry/storage room. Enjoy carpet-free living throughout with laminate flooring on all levels. The property also includes two assigned parking spaces (one designated visitor spot). Currently tenanted but vacant possession is available if required, this property offers a great opportunity for both homeowners and investors. Viewing available based on 48 hour notice only. Seller is motivated to sell so please submit offers with 48Hr Irrevocable.
Estimate your monthly payments for this property
Estimated Payment
$1,790.55/mo
Includes CMHC insurance ($9,737)
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.
470 Second Street Unit 15, 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 $349/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 108 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London East. Good resale value as demand remains consistent.
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.