$534,500 - 16 Pritchard Place, London East
Detached for Sale in London East
- MLS Number
- X13209008
- Property Type
- Detached
- Status
- active
- Days on Site
- 21
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Lot Size
- 7,815 sqft
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
Welcome to this lovingly maintained family home, offered for sale for the very first time since it was built in 1952 by the original owners. Situated on a quiet cul-de-sac with a large, mature lot in a highly sought-after neighbourhood, this well-cared-for property showcases pride of ownership throughout. The spacious layout features a bright sun filled living room, kitchen, airy dining room , one bedroom and a full bathroom on the main level. Hardwood flooring is under the carpet in the living room and bedroom on the main level. An additional bedroom downstairs, providing flexibility for a home office, growing families, guests, or multi-generational living plus a family room and another full bathroom. The lower level also offers excellent in-law suite potential with built in cupboards and a wet bar. Step outside to your private backyard oasis complete with an in-ground pool (new liner 2025),perfect for summer entertaining and family gatherings. The covered gazebo elevates your outdoor area on a private back deck. The expansive lot provides plenty of room for outdoor enjoyment, gardening, and play. Ideally located close to schools, the community centre, parks, and scenic walking trails, this home offers the perfect blend of comfort, convenience, and community. A rare opportunity to own a cherished home with endless potential in an established neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$2,742.26/mo
Includes CMHC insurance ($14,913)
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 Pritchard Place, 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 $764/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 21 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.
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.
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 $2,227 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.