Loading neighbourhood intel…

$278K · 3+1 bed Condo Townhouse · Unit 15, 470 Second Street, London, Ontario N5V 3X3 | HomeSearchCanada

$278,000

Unit 15

314 DOM

3+13314d

Map

⚡ Insider Deal

DOM 314

↓ $87KMotivated SellerPrice Reduced

$278,000

↓ $87KMotivated Seller

DOM314days

Unit 15

470 Second Street · London · Ontario N5V 3X3

MLS® X12482686 · East H · N5V 3X3

3+13TenantOccupied1000-1199 ft²Condo TownhouseNonePartially Finished314d$253/ft²$1,676 tax/yrBuilt 198541 yrs oldPartially Finished

Neighbourhood Range

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

AS IS: Previously Tenanted 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…

Reserved · coming next

HomeSearchCanada exclusive

Reserve your Home Buyers Package

Could save you thousands on this purchase — closing strategy, negotiation & rebate.

MyStreetValue™ Analysis

Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →

Property details

MLS#: X12482686
Status: Buy Now
Property class: Residential Condo & Other
Beds: 3+1
Baths: 3 full, 0 half
Rooms: 8 + 1
Kitchens: 1
Size: 1000-1199Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: Partially Finished
Style: 2-Storey
Type: Condo Townhouse
Year built: 1985

Occupancy: Tenant Occupied
Washrooms: 2 pc · Main; 3 pc · Second
Family room: No
Central vacuum: No
Ensuite laundry: No

Zoning: R5-4

Roof: Asphalt Shingle
Foundation: Poured Concrete

Condo corp #: 220
Balcony: None
Locker: None
Fees include: Common Elements Included, Parking Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 2 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick Front, Vinyl Siding
Fronting on: —
Cross street: OXFORD/ SECOND ST
Stories: 1
Utilities: —
Laundry: None
Laundry level: Lower Level
Interior: Carpet Free, Water Heater
Parking features: —

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

↓ $87KPrice reduction

MLS shows the seller reduced the asking price by $87,000 (from $365,000 to $278,000).

Motivated SellerWhy this label

314 days on market — Listing has been active for 314 days — extended time on market can signal seller pressure.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: FORTUNE 2 REALTY INC.

Source: TRREB/PROPTX · MLS® X12482686

Do you own a home in London East?

Find out what it's worth — and what you'd walk away with after mortgage, commission and fees.

Get My StreetValue™ →

$278K

Unit 15 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $278,000✓ $1,676 tax✓ Gas✓ 1000-1199 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$2,930/mo

incl. closing costs (yr 1)

Annual total

$35,157

year 1

Mortgage only

$1,055/mo

principal + interest

Beyond mortgage

$1,196/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$55,600

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$140/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,100 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$2,780/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$33/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$2,645

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)36% $12,656/yr

Property taxes12% $4,321/yr

Utilities11% $3,960/yr

Insurance & security5% $1,600/yr

Maintenance8% $2,780/yr

Condo fees13% $4,740/yr

Closing costs15% $5,100/yr

Mortgage is 36% of your true cost of ownership. The other 64% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$12,656	$1,055/mo
Government & taxes
Property tax	$1,676	$140/mo
Land transfer tax(closing)	$2,645	$220/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$2,780	$232/mo
Condo fees
Condo / HOA fees	$4,740	$395/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$35,157	$2,930/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

Unlock Insider Deals

Sign in

Unit 15

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

Request a Showing

Request a Showing

Annual costs