What are the monthly costs for 137 Ann Street, London East?

With 20% down at a 4.49% rate over 25 years, estimated monthly mortgage is approximately $3,997, property taxes ~$637/mo, and no maintenance fees listed. Total estimated monthly carrying cost: ~$4,634. Contact Joe Battaglia for a detailed cost analysis.

Is 137 Ann Street a good investment?

This Detached is priced at $818/sqft. 5 bedrooms and 2 bathrooms in London East make it suitable for families or rental income. Contact the Battaglia Team for a complimentary investment analysis including rental estimates and comparable sales data.

What is the neighbourhood like around 137 Ann Street?

137 Ann Street is located in London East, Ontario. The area offers access to local schools, parks, transit, and amenities. The neighbourhood features established residential streets. Contact Joe Battaglia for a detailed neighbourhood report including school rankings, walk scores, and recent sales.

How do I book a showing for 137 Ann Street, London East?

To book a private showing for 137 Ann Street, contact Joe Battaglia directly at (416) 564-6611 or use the "Schedule a Showing" button on this page. Joe typically responds within 1 hour and can arrange same-day or next-day viewings. Virtual tours may also be available upon request.

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$899,900 - 137 Ann Street, London East

Detached for Sale in London East

109 days on market

5Beds

2Baths

1,100 - 1,499Sq Ft

Detached

Property Details

MLS Number: X12411468
Property Type: Detached
Status: active
Days on Site: 109
Bedrooms: 5
Bathrooms: 2
Square Feet: 1,100 - 1,499 sqft
Neighbourhood: London East
Lot Size: 4,383 sqft
Listing Brokerage: ROYAL LEPAGE TRILAND REALTY

Description

LOCATION, LOCATION, LOCATION! Rare opportunity to own a fully renovated 5-bedroom detached home in prime downtown London location, just steps to Richmond Row and transit to Western. Completely gutted and rebuilt in 2012 with a large addition, oversized bedrooms, new wiring, plumbing, insulation, roof, drywall, flooring, kitchen, and appliances. Currently leased until April 30, 2026 for $5,750/month plus utilities. Licensed rental property with the City of London. Strong income, unbeatable location!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,616.95/mo

Includes CMHC insurance ($25,107)

Purchase Price

Down Payment

5%10%50%

Interest Rate (%)

5-yr fixed avg.

Amortization

Frequency

Principal: $809,910Interest: $550,069

Mortgage Amount$835,017

Total Interest$550,069

Est. Property Tax$637/mo

Total Cost$1,385,086

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.

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Neighbourhood Guide: London East

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

Local Elementary SchoolPublic Elementary

Local Secondary SchoolPublic High School

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.

Walk Score

Varies

Price Range

137 Ann Street, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent

$3,600/mo

Range: $3,060 - $4,140

Cap Rate (ROI)

3.7%

Fair

Monthly Cash Flow Breakdown

Rental Income+$3,600

Maintenance Fees-$0

Property Tax (est.)-$637

Insurance (est.)-$187

Net Cash Flow+$2,776

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $818/sqft, this property is priced in line with current London East market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.

Negotiation Opportunity

At 109 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.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in London East.

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 $3,750 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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.

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