$579,900 - 186 Portsmouth Court, London East
Detached for Sale in London East
38 days on market- MLS Number
- X13116428
- Property Type
- Detached
- Status
- active
- Days on Site
- 38
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Listing Brokerage
- Gale Group Realty Brokerage Ltd
Tucked away on a quiet cul-de-sac in a sought-after family friendly neighbourhood, this spacious 4-level backsplit offers the perfect blend of comfort, functionality, and room for every stage of family life. From the road where kids can bike and rollerblade with friends, to the large pie-shaped backyard designed for outdoor fun, this is a home where lasting memories are made. Inside, the bright and welcoming main level features a generous kitchen that opens to a large eating area - the ideal gathering space for busy mornings, homework time, or family dinners. The living room is filled with natural light and offers flexibility for both everyday living and formal entertaining, with plenty of space to incorporate a dining area if desired. Upstairs you'll find 3 comfortable bedrooms and a 4-piece bath, creating a practical layout for growing families. The lower level is built for connection and relaxation, featuring a massive family room with a cozy gas fireplace - perfect for family movie nights, cheering on the Jays, or hosting friends on game day. This level also includes a convenient 3-piece bath and dedicated space for a desk or home office setup for today's work-from-home lifestyle. The fourth level adds even more living space with a versatile recreation room that's perfect for mini sticks, toys, play space, or a teen hangout, along with laundry and ample storage. Step outside and enjoy your own backyard retreat featuring a large deck made for summer BBQs, a gazebo for relaxing in the shade, a hot tub to unwind at the end of the day, and a fully fenced yard with plenty of room for kids and pets to run and play. Located close to schools, parks, shopping, and everyday amenities, this is the complete family package in a location you'll love coming home to. Don't delay - come see this home today!
Estimate your monthly payments for this property
Estimated Payment
$2,975.19/mo
Includes CMHC insurance ($16,179)
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.
186 Portsmouth Court, 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
Fair Market Value
At $828/sqft, this property is priced in line with current London East market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 38 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.
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 $2,416 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.