490 Third Street #58
London East, N5V 4A2·MLS® X13469402·
Listing courtesy of Streetcity Realty INC.·Updated 4 hours ago
Listing price
$309,000
Est. $1,472/mo
Days on market
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
82% confidence · 4 comparable sales analysed
Monthly payment estimate
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
Sold comparables nearby
Sold$310,000
77 - 595 Third Street, London East
Sold$370,000
36 - 577 Third Street, London East
See all 10 comparables
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Market conditions · East H
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
Affordability
Minimum household income required
$79,516
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$296,640
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