$359,900 - 173 Elgin Street, London East
Detached for Sale in London East
84 days on market- MLS Number
- X12927880
- Property Type
- Detached
- Status
- active
- Days on Site
- 84
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Listing Brokerage
- TEAM GLASSER REAL ESTATE BROKERAGE INC.
Welcome to 173 Elgin Street, London, Ontario - a beautifully renovated 2-bedroom, 1-bathroom bungalow that truly sets itself apart from the rest. This turnkey home comes fully furnished, offering exceptional value and convenience for homeowners and investors alike. Featuring a durable steel roof, new flooring throughout, and newer high-end appliances, every detail has been thoughtfully updated for modern living. Extensively upgraded with major mechanical improvements, this home includes all-new wiring, energy-efficient spray foam insulation, and two sources of heating for year-round comfort - a modern ductless split system and baseboard heaters. The plumbing has been fully updated to PEX (no copper), the intake line has recently been replaced, and there are no lead pipes, offering added peace of mind. The bright and functional layout maximizes space and comfort, making it ideal for first-time buyers, downsizers, or those seeking a low-maintenance lifestyle. Step outside to enjoy a spacious backyard, perfect for relaxing, entertaining, or future possibilities. Located with easy access to Highway 401, this home is ideal for commuters while remaining close to all of London's amenities. This move-in-ready property is a rare find-just bring your suitcase.
Estimate your monthly payments for this property
Estimated Payment
$1,846.47/mo
Includes CMHC insurance ($10,041)
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.
173 Elgin Street, 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 $514/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 84 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.
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.
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.