1566 Nairn Avenue, London East

Price: $499,000

4 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Semi-Detached

MLS#: X13248764

Opportunity knocks for investors and homeowners alike! Ideally located in a quiet, established neighbourhood just minutes from Fanshawe College, this beautifully updated 2+2 bedroom, 2 full bathroom home offers exceptional flexibility and income potential.The bright main floor features impressive mid-century inspired sloped ceilings, large windows that flood the space with natural light, durable hard-surface flooring throughout, an updated kitchen with quartz countertops, and renovated bathrooms. The floor plan was reworked to turn 3 small bedrooms into 2 spacious ones! Numerous improvements over the years include updated flooring, windows, roof shingles, and a fully finished basement.The lower level is particularly appealing, featuring a separate private entrance, extra-high ceilings, and two spacious bedrooms with large egress windows-creating excellent potential for a future secondary suite or multi-generational living arrangement.Outside, enjoy the convenience of a covered carport, a large private driveway, and a mature lot in a sought-after location close to schools, parks, shopping, transit, and Fanshawe College. Currently tenanted by a family who would be happy to stay, making this a turnkey investment opportunity. Vacant possession may be available to owner-occupying purchasers with proper notice requirements.Please note: Some photos were taken prior to tenant occupancy and are provided to better showcase the property and layout.

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$499,000 - 1566 Nairn Avenue, London East

Semi-Detached for Sale in London East

Popular Listing
4Beds
2Baths
700 - 1,099Sq Ft
Semi-Detached
Property Details
MLS Number
X13248764
Property Type
Semi-Detached
Status
active
Days on Site
11
Bedrooms
4
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
London East
Listing Brokerage
SUTTON GROUP - SELECT REALTY
Description

Opportunity knocks for investors and homeowners alike! Ideally located in a quiet, established neighbourhood just minutes from Fanshawe College, this beautifully updated 2+2 bedroom, 2 full bathroom home offers exceptional flexibility and income potential.The bright main floor features impressive mid-century inspired sloped ceilings, large windows that flood the space with natural light, durable hard-surface flooring throughout, an updated kitchen with quartz countertops, and renovated bathrooms. The floor plan was reworked to turn 3 small bedrooms into 2 spacious ones! Numerous improvements over the years include updated flooring, windows, roof shingles, and a fully finished basement.The lower level is particularly appealing, featuring a separate private entrance, extra-high ceilings, and two spacious bedrooms with large egress windows-creating excellent potential for a future secondary suite or multi-generational living arrangement.Outside, enjoy the convenience of a covered carport, a large private driveway, and a mature lot in a sought-after location close to schools, parks, shopping, transit, and Fanshawe College. Currently tenanted by a family who would be happy to stay, making this a turnkey investment opportunity. Vacant possession may be available to owner-occupying purchasers with proper notice requirements.Please note: Some photos were taken prior to tenant occupancy and are provided to better showcase the property and layout.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,560.13/mo

Includes CMHC insurance ($13,922)

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5-yr fixed avg.

Principal: $449,100Interest: $305,016
Mortgage Amount$463,022
Total Interest$305,016
Est. Property Tax$353/mo
Total Cost$768,039

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.

70
Walk Score
Varies
Price Range

1566 Nairn Avenue, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
6.6%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$2,743

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

Competitive Pricing

At $713/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.

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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London East. Good resale value as demand remains consistent.

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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    1566 Nairn Avenue, London East | $499,000 | Battaglia Team