$599,900 - 256 Mcmahen Street, London East
Detached for Sale in London East
93 days on market- MLS Number
- X12897186
- Property Type
- Detached
- Status
- active
- Days on Site
- 93
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London East
- Listing Brokerage
- RE/MAX HALLMARK REALTY GROUP
DUPLEX PENDING! MOTIVATED SELLER! Located in one of London's most convenient and highly sought-after neighbourhoods, close to downtown, Western University, Fanshawe College, and within walking distance to excellent amenities, this beautifully upgraded two-storey home offers exceptional versatility and value. The main residence features a modern open-concept layout with a bright eat-in kitchen fully renovated in 2020, complete with quartz countertops, stainless steel appliances, and patio doors leading to a deck and a fully fenced, low-maintenance, turf backyard. An attached garage with inside entry adds everyday convenience, while the upper level offers a spacious primary bedroom with a private ensuite featuring double sinks, two additional well-sized bedrooms, new carpeting throughout (2025), and a newly added upstairs laundry hookup(2026). A major highlight: the brand-new basement apartment completed in 2026, offering a separate entrance, large egress window, one bedroom, a partial kitchen, a modern three-piece bathroom, in-suite laundry, and new flooring throughout-providing excellent rental income potential that can help offset mortgage costs and improve overall affordability. Additional upgrades include an expanded driveway accommodating up to four vehicles, artificial turf throughout the backyard, entryway built-ins (2023), laminate flooring on the main level with hardwood underneath (2020), and a new roof (2023). A true turnkey duplex offering modern finishes, income potential, and an unbeatable central location.
Estimate your monthly payments for this property
Estimated Payment
$3,077.80/mo
Includes CMHC insurance ($16,737)
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.
256 Mcmahen Street, London East
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $400/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 93 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London East. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 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.
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 $2,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.