595 Third Street Unit 77, London East

Price: $319,900

3 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: X13005802

Spacious townhouse within walking distance to Fanshawe College. Updated eat-in kitchen with large South facing window. Living room - dining room combination with access to the private patio. 3 generous bedrooms upstairs and recently renovated bathroom. Other updates include appliances, floors, paint and baseboards. Furnace and AC 2017. Finished rec room and ample storage in the lower lever. 1 Exclusive parking spot and use of a visitor spot.

595 Third Street Unit 77 - Condo photo 1 of 7 in London East, Ontario
595 Third Street Unit 77 - Condo photo 2 of 7 in London East, Ontario
595 Third Street Unit 77 - Condo photo 3 of 7 in London East, Ontario
595 Third Street Unit 77 - Condo photo 4 of 7 in London East, Ontario
595 Third Street Unit 77 - Condo photo 5 of 7 in London East, Ontario
595 Third Street Unit 77 - Condo photo 6 of 7 in London East, Ontario
595 Third Street Unit 77 - Condo photo 7 of 7 in London East, Ontario
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$319,900 - 595 Third Street Unit 77, London East

Condo for Sale in London East

63 days on market
3Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
X13005802
Property Type
Condo
Status
active
Days on Site
63
Bedrooms
3
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
London East
Locker
None
Exposure
South
Balcony
None
Listing Brokerage
SUTTON GROUP PREFERRED REALTY INC.
Description

Spacious townhouse within walking distance to Fanshawe College. Updated eat-in kitchen with large South facing window. Living room - dining room combination with access to the private patio. 3 generous bedrooms upstairs and recently renovated bathroom. Other updates include appliances, floors, paint and baseboards. Furnace and AC 2017. Finished rec room and ample storage in the lower lever. 1 Exclusive parking spot and use of a visitor spot.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,641.25/mo

Includes CMHC insurance ($8,925)

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5-yr fixed avg.

Principal: $287,910Interest: $195,541
Mortgage Amount$296,835
Total Interest$195,541
Est. Property Tax$227/mo
Total Cost$492,376

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

595 Third Street Unit 77, 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)
6.9%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,920
Maintenance Fees-$780
Property Tax (est.)-$227
Insurance (est.)-$67
Net Cash Flow+$1,846

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 $267/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 63 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.

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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    595 Third Street Unit 77, London East | $319,900 | Battaglia Team