$469,900 - 1181 Florence Street, London East
Detached for Sale in London East
108 days on market- MLS Number
- X12782902
- Property Type
- Detached
- Status
- active
- Days on Site
- 108
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Lot Size
- 5,247 sqft
- Listing Brokerage
- ROYAL LEPAGE TERREQUITY REALTY
This Bungalow Offers 2+1 Bedrooms, 2 Full Baths, and 2 Kitchens, Two Basements. Step Into a Foyer that Opens to a Bright Living/Dining Area and an Eat-In Kitchen, Two Great-Sized Bedrooms With Closets and a 4-Piece Bath. All Hardwood Floors, Smooth Ceilings and Carpet-Free. One of the Finished Basement Provides Additional Living Space With a Separate Entrance Apartment, a 1-Large Bedroom In-Law Suite With Its Own Kitchen, Full Bath, Living Area, Laundry, Laminated Floors and Smooth Sealings. The Additional Basement Has a Second Laundry and Storage/Utility Space. This Presents A Great Opportunity To Own A Solid Home With A Rare Deep, South-Facing, Fully Fenced, Huge Backyard Which is Perfect For Relaxing or Entertaining. Ideal For Multigenerational Families, Small Growing Families Or Savvy Investors. It is a Versatile Option That Meets The Needs Of Various Lifestyles And Investment Opportunities. THIS ISN'T JUST A HOME, IT'S A STRATEGY! LIVE UPSTAIRS, RENT DOWNSTAIRS, OR BRING THE WHOLE FAMILY UNDER ONE ROOFIN STYLE! The Property has a Renovated 2025 Detached Garage And Three Additional Parking Spots on the Side. It is Located Just Five Minutes from triOS Business Tech Campus, Fanshawe College, North American Trade School, Downtown, Parks, Arenas, And More.2025/ New A/C, 2025/ NEW Thermostat, 2025/ Professionally Renovated Garage, 2025/ New Washer, 2024/ Refinished Hardwood Floor, 2024/ Professionally Painted Exterior, Including 2 Stoves, 2 Fridges, a Range Hood, 2 Washers, and A Dryer.
Estimate your monthly payments for this property
Estimated Payment
$2,410.83/mo
Includes CMHC insurance ($13,110)
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.
1181 Florence Street, London East
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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 $671/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 108 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.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.