10/30/2026
Ever wonder what it actually costs per month to own a place, not just the list price?
Unit 116 at 690 Little Grey Street E, London. Listed at $292,500, 3 bed, 2 bath townhouse.
Here is the rough monthly math, with a 25 year mortgage:
With 20% down ($58,500):
Mortgage: about $1,385
Property taxes: about $139
Condo fee: about $300
Total: about $1,824 a month
With 5% down as a first time buyer ($14,625):
Mortgage: about $1,614 (this includes mortgage insurance, which gets added to the mortgage when you put less than 20% down)
Property taxes: about $139
Condo fee: about $300
Total: about $2,053 a month
Both are before your own insurance and utilities, and your number moves with your down payment and your rate. But that is the ballpark for getting into a 3 bedroom townhouse in London right now.
Just so you know, these are estimates only. For accurate numbers for your own situation, always talk to your mortgage broker.
Want me to run the numbers with your down payment? Send me a message and I will do it for you, no strings.
Meghan Wright Realtor | Howard McCulloch Real Estate Group | RE/MAX ICON Realty
