505 - 626 First Street

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$299,000

505 - 626 First Street

East H, London East · MLS® X13619660

421

Condo · Single Family · 86 days on market

listed by MIRELLA SHREVE, SUTTON GROUP - SELECT REALTY INC.

realtor's description

This versatile property can be your new home or a turn-key investment opportunity! This top-floor condo is conveniently located right across from Fanshawe College, and currently accommodates 4 single student rental rooms, kitchen and 2 full baths. Current monthly RENTAL INCOME is over $3000! This property can also be easily reversed back to a SINGLE FAMILY unit at any time. BONUS: All bedroom FURNISHINGS are included - smart tv's, beds, desks, bookshelves and more! The solid brick building is equipped with an elevator and security cameras throughout. A helpful and friendly on-site building manager, 1 assigned parking spot, and water are also included in maintenance fees. Other amenities include restaurants, stores, parks, and transportation.

property details

type: Condo, Single Family
bedrooms: 4
bathrooms: 2
parking: 1
property tax: $2,213 / yr
strata fee: $536 / mo
strata rules: Pets Allowed With Restrictions
days on market: 86
MLS®: X13619660

features

Balcony
Carpet Free
In suite Laundry
Pets Allowed With Restrictions
Refrigerator
Stove

monthly cost

$2,023/mo

Mortgage $1,303 · Tax $184 · Strata $536

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing; strata fee from the listing.

estimated payment

$1,303/ monthly

loan $239,200

25-year amortization

down payment20% · $59,80020%+ down: no mortgage insuranceinterest rate4.34%Rates from Ratehub.ca (best 5-year fixed and variable), checked Oct 24, 2026. Semi-annual compounding; your lender's rate may differ.amortizationpayment frequency

total interest: $151,614
cash to close: $59,800; down payment; transfer tax and fees not included
total paid: $390,814

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.