$309,000 - 490 Third Street Unit 58, London East
Condo for Sale in London East
Neighbourhood: East H
- MLS Number
- X13469402
- Property Type
- Condo
- Status
- active
- Days on Site
- 18
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome to Unit 58 at 490 Third Avenue, an affordable and low-maintenance condominium offering comfortable living and excellent value. Say goodbye to cutting grass and shoveling snow and enjoy the convenience of condo ownership with exterior maintenance taken care of for you.The main floor features an updated kitchen, a bright dining area, spacious living room, and a convenient 2-piece bathroom. Patio doors lead to a private rear deck, creating the perfect space to relax or entertain. Upstairs you'll find a generous primary bedroom complete with a cheater ensuite, along with two additional bedrooms, providing plenty of room for families, guests, or a home office. The finished lower level offers a large family room and an oversized storage area with potential for a home gym, hobby room, or future fourth bedroom. Additional updates include: Updated kitchen New carpeting on stairs, luxury Vinyl flooring throughout, High-efficiency furnace (2021) Air exchanger (HRV) Central air conditioning, On-demand water heater. Condo fees are approximately $300/month and include lawn care, snow removal, and exterior maintenance, making homeownership simple and stress-free. Whether you're a first-time buyer, downsizer, or investor, this well-maintained condo is an amazing opportunity.
Estimate your monthly payments for this property
Estimated Payment
$1,585.33/mo
Includes CMHC insurance ($8,621)
5-yr fixed avg.
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.
Discover East H
East H 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 H
- •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
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 H 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.
490 Third Street Unit 58, London East
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $258/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.
Market Position
At 18 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About East H
I know East H 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.