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490 Third Street #58

London East, N5V 4A2·MLS® X13469402·

Listing courtesy of Streetcity Realty INC.·Updated 4 hours ago

For sale
1 / 37
3Beds
2Baths
1,200-1,399Sqft
Year Built

Listing price

$309,000

Est. $1,472/mo

Days on market

2

Listed Jun 19, 2026

Description

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 excellent opportunity in a convenient St. Thomas location.

Property details

Basement

Full, Partially Finished

Parking

2 spaces

Type

Condo Townhouse — 2-Storey

Heating

Forced Air

AI property estimate

$296,640Below Market
$278,100$315,180

82% confidence · 4 comparable sales analysed

Location & neighbourhood

East H

London East, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$1,472
Property tax$335
Insurance (est.)$64
Utilities (est.)$250
Total monthly$2,120

Land transfer tax

Ontario LTT

$3,110

First-time rebate

$3,110

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

Price & listing history

Jun 19, 2026Listed
$309,000

Sold comparables nearby

77 - 595 Third Street, London EastSold

$310,000

77 - 595 Third Street, London East

3 bd·2 ba·1,200-1,399 sqft
36 - 577 Third Street, London EastSold

$370,000

36 - 577 Third Street, London East

3 bd·2 ba·1,000-1,199 sqft

See all 10 comparables

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Market conditions · East H

Buyer's marketBalancedSeller's market

Avg. sold price

$682,400

+5.2%

Avg. days on market

18

−3d

Sale-to-list ratio

101.2%

+0.8%

Investment analysis

Est. monthly rent

$1,236

Rental yield

4.8%

Est. cash flow

-$884

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$79,516

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$296,640

Below Market

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