$435,000 - 190 Colborne Street, London East
Multi-Family for Sale in London East
109 days on market- MLS Number
- X12742832
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 109
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London East
- Listing Brokerage
- RE/MAX A-B Realty Ltd
Prime Turnkey Duplex in London's Trending SoHo District!Unlock the potential of this versatile duplex, perfectly positioned in the heart of the up-and-coming SoHo District. Whether you are looking for a savvy addition to your portfolio or a "live-in and rent-out"opportunity, this property delivers.TWO SELF-CONTAINED UNITS: *Features a spacious 2-bedroom unit and a cozy 1-bedroom unit. *Upgraded & Efficient: Extensive renovations completed within the last 5 years. Separate hydro meters and individual panels ensure easy utility management. *Tenant Must-Haves: Each unit boasts its own private laundry--no more shared basement trips! Outdoor space and parking for both units is a bonus! Location, Location: Just two blocks from the Wellington Rd light rail line and steps away from premium amenities. Complete with a fully fenced backyard for outdoor enjoyment, this property is ready to perform. Call your REALTOR today to schedule your private viewing!
Estimate your monthly payments for this property
Estimated Payment
$2,231.78/mo
Includes CMHC insurance ($12,137)
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.
190 Colborne 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 $290/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 109 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.
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.
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.