$280K · 3 bed Condo Apartment · Unit 1507, 380 King Street, London, Ontario N6B 3L6

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About this home

Rare 3-bedroom, 2-bathroom unit in downtown London. So many great shops, restaurants, and entertainment just steps from your front door! Heat, hydro, water, cable and internet and amenities included in condo fees! Bright and airy open-concept living/dining area with large windows throughout. Spacious kitchen with built-in appliances. Primary bedroom with ensuite and private balcony. Convenient in-suite laundry. Enjoy the fresh air and city views from the sprawling balcony. Underground parking sp…

Property details

MLS#

X13068624

Status

Buy Now

Property class

Residential Condo & Other

Beds

Baths

2 full, 0 half

Rooms

Kitchens

Size

1400-1599Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

None

Style

Apartment

Type

Condo Apartment

Year built

1985

Occupancy: Owner Occupied
Washrooms: 3 pc · Main; 4 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Zoning: h3, DA2, D350

Property features: Park, Public Transit, School, Rec./Commun.Centre

View: City

Condo corp #: 173
Balcony: Open
Locker: None
Association amenities: Exercise Room, Indoor Pool, Sauna
Fees include: Heat Included, Hydro Included, Water Included, Cable TV Included, Common Elements Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Heat Pump
Heating fuel: Electric
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: KING/COLBORNE
Stories: 14
Utilities: —
Laundry: In-Suite Laundry
Laundry level: Main Level
Interior: Built-In Oven, Carpet Free, Countertop Range, Primary Bedroom - Main Floor
Parking features: None

Price movement & seller pressure

↓ $60KPrice reduction

MLS shows the seller reduced the asking price by $60,000 (from $339,900 to $279,900).

Motivated SellerWhy this label

127 days on market — Listing has been active for 127 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.

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $279,900✓ $3,118 tax✓ Electric✓ 1400-1599 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,031/mo

incl. closing costs (yr 1)

Annual total

$48,370

year 1

Mortgage only

$1,062/mo

principal + interest

Beyond mortgage

$2,288/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$55,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$260/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~1,500 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

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%$2,799/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)$124/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$2,674

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)26% $12,742/yr

Property taxes12% $5,792/yr

Utilities5% $2,460/yr

Insurance & security3% $1,600/yr

Maintenance6% $2,799/yr

Condo fees37% $17,877/yr

Closing costs11% $5,100/yr

Mortgage is 26% of your true cost of ownership. The other 74% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$12,742	$1,062/mo
Government & taxes
Property tax	$3,118	$260/mo
Land transfer tax(closing)	$2,674	$223/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$2,799	$233/mo
Condo fees
Condo / HOA fees	$17,877	$1,490/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	$48,370	$4,031/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.

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Unit 1507

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs