$649,000 - 16 Clenray Place, London East
Detached for Sale in London East
36 days on market- MLS Number
- X13130452
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London East
- Listing Brokerage
- THRIVE REALTY GROUP INC.
There are homes that simply provide shelter... and then there are homes that hold memories in their walls. Nestled quietly on a tucked-away cul-de-sac in the heart of Old North, this cherished 1930's residence is one of those timeless homes that welcomes you with warmth and charm. The inviting front porch feels borrowed from a simpler era and is the perfect place for summer evenings and friendly waves to neighbours passing by. Inside, character and charm unfold at every turn. French doors open gracefully onto the porch, while the elegant living room is anchored by an ornate fireplace made for cozy gatherings. The generous dining room opens onto the private backyard deck and flows seamlessly into the updated kitchen, blending modern function with the soul of the home's original design. Upstairs, three inviting bedrooms offer peaceful spaces to retreat, including one with its own enchanting walkout balcony hidden among the treetops. Off the primary bedroom awaits a truly special opportunity; an insulated unfinished attic space ready to become something magical. Imagine a private library, an inspiring art studio, a cozy hideaway, or a dreamy primary retreat unlike anything else in the neighbourhood. The lower level, complete with a separate entrance, offers endless possibilities for additional living space, a welcoming granny suite, guest quarters, or the coziest den imaginable. With mature gardens, a private backyard, a single garage and timeless architectural details throughout, this is more than a property ... it's a home with heart, history and a story waiting for its next chapter .16 Clenray Place is truly a special property and is being offered for the first time in over 30 years.
Estimate your monthly payments for this property
Estimated Payment
$3,329.71/mo
Includes CMHC insurance ($18,107)
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.
16 Clenray Place, 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 $590/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.
Market Position
At 36 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $2,704 (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.