$528,000 - 162 Chesley Avenue, London East
Detached for Sale in London East
50 days on market- MLS Number
- X13062678
- Property Type
- Detached
- Status
- active
- Days on Site
- 50
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London East
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Finding that first home can feel like a marathon, but this move-in-ready gem in London is the finish line you've been looking for. 162 Chesley Ave is a perfectly maintained 3-bedroom home that blends modern updates with unbeatable curb appeal, making it the ultimate entry point into homeownership. Step inside to discover a bright and inviting main floor featuring gorgeous dark hardwood floors and a spacious living room drenched in light. The kitchen is built for real life, whether you're meal prepping for the week or hosting your first housewarming party, and is complemented by a convenient main-floor powder room. Upstairs, the large primary bedroom serves as a true retreat with plenty of space to relax, while two additional well sized bedrooms provide the perfect setup for kids, a home office or guest room. The basement is a total game-changer for entertainers with a large rec room featuring a beautiful custom bar and a 3-piece bathroom. Outside, you can forget the stress of a fixer-upper because the property is beautifully landscaped and features a stunning rose garden that will be the envy of the neighbourhood. You will love spending your mornings or hosting cozy evening gatherings on the large covered deck, which overlooks the fully fenced backyard and offers a private, sheltered escape for summer BBQs., while the attached garage and ample driveway provide plenty of parking. For the savvy buyer, the six-year-old roof offers long-term peace of mind and one less major expense to worry about. Situated in a quiet, family-friendly pocket of London close to parks, transit, and shopping, this home allows you to stop renting and start owning today.
Estimate your monthly payments for this property
Estimated Payment
$2,708.91/mo
Includes CMHC insurance ($14,731)
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.
162 Chesley Avenue, 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 $480/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 50 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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $2,200 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.