536 Third Street Unit 49, London East

Price: $349,900

3 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: X13242964

Welcome to this well-maintained and nicely updated 3-storey townhouse, complete with a versatile fourth bonus room that can be used as an office, playroom, or additional flex space - a rare feature that helps this home stand out. Designed with comfort and functionality in mind, this residence is a great fit for families, first-time buyers, or investors alike. Enjoy a bright layout featuring hardwood and laminate flooring, fresh paint, upgraded interior doors, trim details, and crown moulding throughout. The kitchen offers practical storage with a full pantry, pot and pan drawers, microwave shelf, and attractive cabinetry for everyday use. The home is filled with natural light from oversized windows, while the bedrooms feature ceiling fans and the primary suite offers double closets for extra space. Newly carpeted stairs, central air, central vac, garage door opener, and in-suite laundry add to the comfort and convenience. Step out through the patio doors to a private yard, perfect for morning coffee or family BBQs. Enjoy the benefits of condo living with no exterior maintenance, combining comfort with a low-maintenance lifestyle. Located in a desirable community close to schools, shopping, parks, and transit, this home offers a great mix of space, function, and location.

536 Third Street Unit 49 - Condo photo 1 of 12 in London East, Ontario
536 Third Street Unit 49 - Condo photo 2 of 12 in London East, Ontario
536 Third Street Unit 49 - Condo photo 3 of 12 in London East, Ontario
536 Third Street Unit 49 - Condo photo 4 of 12 in London East, Ontario
536 Third Street Unit 49 - Condo photo 5 of 12 in London East, Ontario
536 Third Street Unit 49 - Condo photo 6 of 12 in London East, Ontario
536 Third Street Unit 49 - Condo photo 7 of 12 in London East, Ontario
536 Third Street Unit 49 - Condo photo 8 of 12 in London East, Ontario
536 Third Street Unit 49 - Condo photo 9 of 12 in London East, Ontario
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536 Third Street Unit 49 - Condo photo 12 of 12 in London East, Ontario
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$349,900 - 536 Third Street Unit 49, London East

Condo for Sale in London East

Popular Listing
3Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
X13242964
Property Type
Condo
Status
active
Days on Site
11
Bedrooms
3
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
London East
Locker
None
Exposure
East
Balcony
None
Listing Brokerage
MAVERICK REAL ESTATE INC.
Description

Welcome to this well-maintained and nicely updated 3-storey townhouse, complete with a versatile fourth bonus room that can be used as an office, playroom, or additional flex space - a rare feature that helps this home stand out. Designed with comfort and functionality in mind, this residence is a great fit for families, first-time buyers, or investors alike. Enjoy a bright layout featuring hardwood and laminate flooring, fresh paint, upgraded interior doors, trim details, and crown moulding throughout. The kitchen offers practical storage with a full pantry, pot and pan drawers, microwave shelf, and attractive cabinetry for everyday use. The home is filled with natural light from oversized windows, while the bedrooms feature ceiling fans and the primary suite offers double closets for extra space. Newly carpeted stairs, central air, central vac, garage door opener, and in-suite laundry add to the comfort and convenience. Step out through the patio doors to a private yard, perfect for morning coffee or family BBQs. Enjoy the benefits of condo living with no exterior maintenance, combining comfort with a low-maintenance lifestyle. Located in a desirable community close to schools, shopping, parks, and transit, this home offers a great mix of space, function, and location.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,795.17/mo

Includes CMHC insurance ($9,762)

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5-yr fixed avg.

Principal: $314,910Interest: $213,878
Mortgage Amount$324,672
Total Interest$213,878
Est. Property Tax$248/mo
Total Cost$538,551

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.

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Neighbourhood Guide: London East

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

536 Third Street Unit 49, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,920/mo
Range: $2,482 - $3,358
Cap Rate (ROI)
6.2%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,920
Maintenance Fees-$780
Property Tax (est.)-$248
Insurance (est.)-$73
Net Cash Flow+$1,819

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $292/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.

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.

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.

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    536 Third Street Unit 49, London East | $349,900 | Battaglia Team