$529,900 - 1058 Chippewa Drive, London East
Detached for Sale in London East
113 days on market- MLS Number
- X12771112
- Property Type
- Detached
- Status
- active
- Days on Site
- 113
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
This charming and well-maintained three-level side-split home offers an ideal blend of functionality, comfort, and modern updates-perfect for first-time buyers, young families, or investors seeking a solid property in a desirable Northeast London neighbourhood. The main level features a bright and inviting living room with a large picture window, a dedicated dining area, and a beautifully updated white kitchen (2018) with quality cabinetry, crown moulding, and newer flooring. Upstairs, you'll find three spacious bedrooms and a well-appointed four-piece bathroom.The lower level extends the living space with a thoughtfully finished recreation room featuring oversized windows, a two-piece bath, a laundry area, and abundant storage in the large crawl space. Outdoors, enjoy a deep, fully fenced backyard complete with one storage shed and one garden shed-perfect for BBQs, family gatherings, or gardening enthusiasts. A single-car garage offers additional space ideal for a workshop or hobby area.Recent upgrades include main floor and basement renovations (2018-2020) with spray insulation, drywall, carpeting, a pantry with grid ceiling, new flooring throughout the main and second levels, and modern kitchen finishes. Other notable improvements include a new garage door (2019), gas line and gas stove (2021), updated window coverings and California shutters (2023), new air conditioner and window capping (2024), and a new furnace (2025).Located on a quiet residential street in the heart of London East, this home is within minutes of schools, parks, Stronach Community Centre & Arena, Fanshawe College, shopping, public transit, and major routes including Highway 401. Combining comfort, versatility, and meticulous care, this move-in-ready home presents an exceptional opportunity in a well-connected, family-friendly community.
Estimate your monthly payments for this property
Estimated Payment
$2,718.66/mo
Includes CMHC insurance ($14,784)
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 London East
London East 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 London East
- •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
London East 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.
1058 Chippewa Drive, London East
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Rental income estimator & ROI calculator
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 $757/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.
Negotiation Opportunity
At 113 days on site, this property has exceeded the typical selling timeline for London East. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in London East are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.
Investment Perspective
Looking at this as an investment: London East properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.