380 King Street Unit 1505, London East

Price: $209,900

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: X13490060

Welcome to downtown living at its finest. This spacious unit offers approximately 1,200 square feet of well-designed living space, featuring 2 bedrooms, 2 full bathrooms, and a large private balcony with stunning city views.Ideally located in the heart of downtown, you'll enjoy being just steps from Victoria Park, Canada Life Place, shopping, dining, entertainment, and countless urban amenities.Situated on the 15th floor, this bright south-facing unit is flooded with natural light throughout the day. The updated kitchen showcases rich wood cabinetry, ample workspace, a convenient breakfast bar, and an open pass-through to the expansive living room, making it ideal for both everyday living and entertaining. The adjoining dining area provides plenty of space for family meals and gatherings.The generous primary bedroom features its own private 3-piece ensuite, while a second full 4-piece bathroom serves guests and the spacious second bedroom. Additional highlights include the convenience of in-suite laundry with a stacked washer and dryer-a sought-after feature not found in every unit within the building.Condo fees provide exceptional value by covering all utilities, along with cable television, high-speed internet, and access to an impressive selection of amenities. Residents enjoy a heated indoor pool, sauna, fitness centre, library, and secure underground parking, creating a truly maintenance-free lifestyle.Adding further value, all windows and the patio door are scheduled for replacement as part of a building-wide project that has already been fully funded and paid for. The work is expected to be completed between now and 2028.Featuring neutral décor throughout and flexible possession options, this move-in-ready home presents an outstanding opportunity for homeowners, downsizers, or investors seeking a prime downtown location.

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$209,900 - 380 King Street Unit 1505, London East

Condo for Sale in London East

Popular Listing

Neighbourhood: East K

2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
X13490060
Property Type
Condo
Status
active
Days on Site
12
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
London East
Locker
None
Exposure
South
Balcony
Enclosed
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
Description

Welcome to downtown living at its finest. This spacious unit offers approximately 1,200 square feet of well-designed living space, featuring 2 bedrooms, 2 full bathrooms, and a large private balcony with stunning city views.Ideally located in the heart of downtown, you'll enjoy being just steps from Victoria Park, Canada Life Place, shopping, dining, entertainment, and countless urban amenities.Situated on the 15th floor, this bright south-facing unit is flooded with natural light throughout the day. The updated kitchen showcases rich wood cabinetry, ample workspace, a convenient breakfast bar, and an open pass-through to the expansive living room, making it ideal for both everyday living and entertaining. The adjoining dining area provides plenty of space for family meals and gatherings.The generous primary bedroom features its own private 3-piece ensuite, while a second full 4-piece bathroom serves guests and the spacious second bedroom. Additional highlights include the convenience of in-suite laundry with a stacked washer and dryer-a sought-after feature not found in every unit within the building.Condo fees provide exceptional value by covering all utilities, along with cable television, high-speed internet, and access to an impressive selection of amenities. Residents enjoy a heated indoor pool, sauna, fitness centre, library, and secure underground parking, creating a truly maintenance-free lifestyle.Adding further value, all windows and the patio door are scheduled for replacement as part of a building-wide project that has already been fully funded and paid for. The work is expected to be completed between now and 2028.Featuring neutral décor throughout and flexible possession options, this move-in-ready home presents an outstanding opportunity for homeowners, downsizers, or investors seeking a prime downtown location.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,076.90/mo

Includes CMHC insurance ($5,856)

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5-yr fixed avg.

Principal: $188,910Interest: $128,303
Mortgage Amount$194,766
Total Interest$128,303
Est. Property Tax$149/mo
Total Cost$323,069

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: East K

Discover East K

East K 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 East K

  • 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

East K 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

380 King Street Unit 1505, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
8.7%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$149
Insurance (est.)-$44
Net Cash Flow+$1,517

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 $210/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.

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.

About East K

I know East K well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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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    380 King Street Unit 1505, London East | $209,900 | Battaglia Team