189 College Avenue, London East

Price: $1,599,900

8 bedrooms, 5 bathrooms

3,500 - 3,999 sqft

Property Type: Detached

MLS#: X12847910

Welcome to a rare offering in the heart of the city. If you're seeking a residence that masterfully blends space, sophistication, and urban luxury, look no further than this exceptional urban mansion. Tucked away in one of the city's most desirable neighbourhoods, this grand family home offers 7+1 bedrooms, 3 full bathrooms, and 2 stylish two-piece powder rooms, making it a standout property for both comfort and entertaining. From the moment you arrive, this home impresses with its three-car garage equipped with 2 EV chargers, private fenced yard, and thoughtful layout. Inside, the open-concept kitchen and living room create the ideal hub for everyday life and special occasions alike, flowing seamlessly for conversation, laughter, and connection. On cooler evenings, unwind by the charming stone fireplace in the grand family room with terrazzo, marble and magnificent stain glass windows, or in warmer months, step outside to your personal backyard retreat featuring a year-round heated pool under a post and beam pavilion, perfect for summer gatherings or serene solo swims. Designed with privacy in mind and finished with an eye for quality, this home invites you to live expansively. Whether you're entertaining guests, growing a family, or seeking a luxurious lifestyle with room to breathe, this rare gem delivers. A spacious sanctuary. A lifestyle statement. This is more than a home, it's a legacy waiting to be passed on.

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$1,599,900 - 189 College Avenue, London East

Detached for Sale in London East

106 days on market
8Beds
5Baths
3,500 - 3,999Sq Ft
Detached
Property Details
MLS Number
X12847910
Property Type
Detached
Status
active
Days on Site
106
Bedrooms
8
Bathrooms
5
Square Feet
3,500 - 3,999 sqft
Neighbourhood
London East
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
Description

Welcome to a rare offering in the heart of the city. If you're seeking a residence that masterfully blends space, sophistication, and urban luxury, look no further than this exceptional urban mansion. Tucked away in one of the city's most desirable neighbourhoods, this grand family home offers 7+1 bedrooms, 3 full bathrooms, and 2 stylish two-piece powder rooms, making it a standout property for both comfort and entertaining. From the moment you arrive, this home impresses with its three-car garage equipped with 2 EV chargers, private fenced yard, and thoughtful layout. Inside, the open-concept kitchen and living room create the ideal hub for everyday life and special occasions alike, flowing seamlessly for conversation, laughter, and connection. On cooler evenings, unwind by the charming stone fireplace in the grand family room with terrazzo, marble and magnificent stain glass windows, or in warmer months, step outside to your personal backyard retreat featuring a year-round heated pool under a post and beam pavilion, perfect for summer gatherings or serene solo swims. Designed with privacy in mind and finished with an eye for quality, this home invites you to live expansively. Whether you're entertaining guests, growing a family, or seeking a luxurious lifestyle with room to breathe, this rare gem delivers. A spacious sanctuary. A lifestyle statement. This is more than a home, it's a legacy waiting to be passed on.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$7,076.90/mo

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5-yr fixed avg.

Principal: $1,279,920Interest: $843,149
Mortgage Amount$1,279,920
Total Interest$843,149
Est. Property Tax$1,133/mo
Total Cost$2,123,069

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.

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Neighbourhood Guide: London East

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

189 College Avenue, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$5,650/mo
Range: $4,803 - $6,497
Cap Rate (ROI)
3.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$5,650
Maintenance Fees-$0
Property Tax (est.)-$1,133
Insurance (est.)-$333
Net Cash Flow+$4,184

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $457/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 106 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.

Larger Home Realities

At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.

Excellent Flexibility

With 8 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in London East.

Bathroom Count Matters

With 5 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.

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