$435,000 - 281 Egerton Street, London East
Multi-Family for Sale in London East
52 days on market- MLS Number
- X13054874
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 52
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London East
- Lot Size
- 5,200 sqft
- Listing Brokerage
- COLDWELL BANKER THE REAL ESTATE CENTRE
Freshly relisted and priced for today's market. This up/down duplex offers flexibility for owner-occupiers, first-time buyers, and investors looking for an attainable entry into the London market. The upper 2-bedroom unit is vacant, allowing a buyer to move in, choose their own tenant, or reset the rental terms. Qualified owner-occupant buyers may be able to purchase with approx. $25,000 down, OAC. The property features two self-contained units with private entrances, separate hydro meters, and shared laundry. The main floor unit includes 9' ceilings, stainless steel appliances, and additional finished basement space with a rec room and den. Parking for up to 6 vehicles, generous yard space, and potential for future garage development add practical value and long-term upside. A solid opportunity for buyers seeking income support, flexibility, and room to grow.
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.
281 Egerton 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 $395/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 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.
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.
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.