$639,990 - 194 Holgate Road, London East
Detached for Sale in London East
52 days on market- MLS Number
- X13051848
- Property Type
- Detached
- Status
- active
- Days on Site
- 52
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Welcome to this beautifully upgraded all-brick bungalow, perfectly situated on a spacious corner lot, offering an exceptional blend of comfort, functionality, and modern style. Designed for both everyday living and entertaining, this home features impressive exterior upgrades including insulated metal doors, gutter guards, and durable fiberglass shingles, ensuring long-lasting protection and peace of mind. The concrete driveway accommodates up to 4 vehicles, while the insulated, powered 2-car detached garage offers additional parking or an ideal workshop/mancave. Inside, the home showcases meticulous attention to detail with elegant porcelain and premium laminate flooring, complemented by cedar ceiling accents and energy-efficient LED lighting throughout. The bright and inviting living room is enhanced by an oversized picture window, filling the space with natural light. The kitchen is thoughtfully designed with ample cabinetry, upgraded thick granite countertops, and a central island with gas range, along with a cozy dinette perfect for casual dining. The expansive primary suite has been reimagined by combining two bedrooms into one luxurious retreat, featuring dual closets, an electric fireplace, a jetted tub, and convenient ensuite access to the main bathroom. The fully finished lower level offers exceptional versatility with a separate entrance, making it ideal for an in-law suite or income potential. It includes plumbing and hydro for a future kitchen, a bedroom with egress window, a full bathroom, and a dedicated laundry area. Additional highlights include an owned on-demand water heater (no rental fees), abundant storage space, and a large cold room. Step outside to a private backyard oasis featuring a hardscape patio, powered shed, and low-maintenance composite fencing-perfect for relaxing or entertaining. A rare opportunity to own a thoughtfully upgraded home offering space, flexibility, and long-term value
Estimate your monthly payments for this property
Estimated Payment
$3,283.48/mo
Includes CMHC insurance ($17,856)
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.
194 Holgate Road, 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 $914/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.
Negotiation Opportunity
At 52 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.
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 $2,667 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.