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$318,800
858 COMMISSIONERS Road · London · Ontario N6C 5Y5
75 days on market
**Perfect for Students, First-Time Buyers & Smart Investors!**Looking for an affordable, move-in-ready home in a prime location? This beautifully updated **2-bedroom, 1-bathroom condominium** is an exceptional opportunity for **students, first-time buyers, healthcare professionals, downsizers, and investors**.Located just minutes from **Victoria Hospital**, public transit, shopping, restaurants, parks, and with quick access to **Highway 401**, this condo offers both convenience and long-term val…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $20KPrice reduction
MLS shows the seller reduced the asking price by $20,000 (from $338,800 to $318,800).
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: BAY STREET GROUP INC.
Source: TRREB/PROPTX · MLS® X13655072
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20%+ down — no CMHC premium
≈ $0.13/ft² × ~850 ft² · incl. electric heat
Electric heat — no gas service · see hydro
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 38% of your true cost of ownership. The other 62% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $14,513 | $1,209/mo |
| Government & taxes | ||
| Property tax | $2,073 | $173/mo |
| Land transfer tax(closing) | $3,257 | $271/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%) | $3,188 | $266/mo |
| Condo fees | ||
| Condo / HOA fees | $5,718 | $477/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 | $37,909 | $3,159/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.