$474,900 - 201 Giles Street, London East
Detached for Sale in London East
43 days on market- MLS Number
- X13097114
- Property Type
- Detached
- Status
- active
- Days on Site
- 43
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Listing Brokerage
- THE REALTY FIRM INC.
Located in a convenient East London neighbourhood, 201 Giles Street offers a well maintained bungalow with excellent access to everyday amenities including grocery stores, public transit, and quick highway connections, ideal for commuters and busy households alike. The main level features a bright and functional layout with hardwood flooring, complemented by a renovated kitchen designed for both style and efficiency. Originally configured as a 3-bedroom home, the current layout offers 2 spacious bedrooms with the flexibility to convert back if desired. A well appointed 4-piece bathroom completes the main floor. The finished basement extends the living space with a large recreation room, perfect for entertaining, relaxing, or creating a versatile family area. Exterior features are equally impressive with a fully fenced and landscaped yard offering privacy and outdoor enjoyment. The double garage/shop provides ample workspace or storage, while the repaved driveway (2023) accommodates parking for up to 9 vehicles, an exceptional feature for hobbyists, large families or those needing extra space. Notable updates include a durable metal roof (2014), garage roof (2021), and a high-efficiency furnace and central air system (2023), providing added peace of mind. All appliances are included, making this a move-in ready opportunity in a desirable London Ontario location.
Estimate your monthly payments for this property
Estimated Payment
$2,436.48/mo
Includes CMHC insurance ($13,250)
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.
201 Giles 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 $678/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.
Market Position
At 43 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.
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.