$459,000 - 261 Winnipeg Street, London East
Detached for Sale in London East
New — Listed 2 days ago- MLS Number
- X13457190
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Listing Brokerage
- NU-VISTA PINNACLE REALTY BROKERAGE INC
Welcome to this charming and well-maintained 2-bedroom home located in a mature, family-friendly neighborhood surrounded by beautiful trees. Originally designed as a 3-bedroom home, it has been thoughtfully converted to a 2 bedroom to provide a more spacious and functional layout. The bright main floor offers comfortable living and dining areas, along with a full 3-piece bathroom. The fully finished basement provides valuable additional living space, perfect for a recreation room, home office, gym, or guest area, and features an additional TWO 3 piece bathrooms .Situated on a mature lot in an established neighborhood, this home offers comfort, character, and convenience. Ideally located close to schools, parks, shopping, public transit, and other essential amenities, it is an excellent opportunity for first-time buyers, downsizers, or investors alike. As an added bonus, the seller is offering a $3,000 credit to the buyer upon closing to assist with repainting and personalizing the home to their taste.
Estimate your monthly payments for this property
Estimated Payment
$2,354.91/mo
Includes CMHC insurance ($12,806)
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.
261 Winnipeg 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 $656/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.
Just Listed - Act Strategically
This property hit the market within the last week. In London East's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Bathroom Count Matters
With 3 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.
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.