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$349,900

Est. $1,639/mo mortgage

3bd·2ba·1,000-1,199sqft

75 Gatewood Place #24 · London East, N5Y 5A4

MLS® X13151550

127 days on market127 days on market

Listed May 20, 2026

Listing courtesy of Real Broker Ontario LTD·Updated Aug 20

Description

Discover an excellent opportunity for first-time buyers, or investors with this freshly painted 3-bedroom, 1.5-bath end-unit townhouse condo in a convenient London location. Offering a functional layout with bright principal rooms and the added privacy and natural light that come with an end unit, this home is move-in ready while still offering room to add your own personal touches and value over time.The main level provides comfortable everyday living space, while the lower level includes a rec room with fireplace insert PLUS a media room, laundry and the flexibility for storage or additional use depending on your needs. Whether you're looking for an affordable place to call home or a solid investment property, this unit offers versatility and strong potential.Ideally located close to shopping, schools, parks, public transit, and everyday amenities, this is an opportunity to get into the London market at an accessible price point.Photos depict the actual rooms with virtual staging applied to remove tenant belongings and help showcase the home's potential.

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Property details

Interior

Interior
1000-1199 sqft
Rooms
10 rooms
Bathrooms
1 × 2-piece on Ground, 1 × 4-piece on Second
Basement
Partial Basement
Heating
Forced Air
Cooling
Central Air
Laundry
N

Building & lot

Type
Condo Townhouse, 2-Storey
Exterior
Aluminum Siding, Brick Veneer
Storeys
1
Exposure
South

Parking

Parking
1 spaces
Locker
None

Fees & taxes

Condo fee
$420/mo
Pets
Yes-with Restrictions
Property tax
$1,945/yr (2025)
Corporation
MCC 334
Managed by
Larlyn

Rooms

Main

Kitchen
5.1 × 3.8 m
Living Room
3.99 × 5.5 m
Bathroom, 2 Pc Bath
1.53 × 1.24 m

Second

Bedroom 2
2.57 × 3.05 m
Bedroom 3
2.42 × 3.35 m
Bathroom, 4 Pc Bath
2.54 × 1.54 m
Bedroom
4.39 × 3.81 m

Basement

Family Room
4.24 × 3.96 m
Media Room
3.42 × 3.6 m

AI property estimate

$295,000Estimate is ~15.7% below asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$265,500$324,500

78% confidence · 38 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Huron Heights

London East, ON

Large northeast area with schools, parks, and diverse housing near Fanshawe College.

Monthly paymentest. $2,593/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,639
Property tax$211
Insurance (est.)$73
Utilities (est.)$250
Condo fee$420
Total monthly$2,593
Land transfer tax$3,724 on closing

Ontario LTT

$3,724

First-time rebate

$3,724

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$349,900

Listed May 20, 2026

On the market

Sold comparables nearby

34 - 810 Maitland Street, London EastSold

34 - 810 Maitland Street, London East

2 bd·3 ba·1,400-1,599 sqft
11 - 311 Vesta Road, London EastSold

11 - 311 Vesta Road, London East

2 bd·2 ba·1,000-1,199 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in London East

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 95.3% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$334,167

Sale-to-list ratio

95.3%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $88,000 household income

Minimum household income required

$88,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin
Rental market$2,475/mo median for 3 bed nearby

$2,475/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 56 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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