$1,499,000 - 309 Cromwell Street, London East
Detached for Sale in London East
31 days on market- MLS Number
- X13143954
- Property Type
- Detached
- Status
- active
- Days on Site
- 31
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London East
- Listing Brokerage
- SUTTON GROUP - SELECT REALTY
Classic charm meets modern comfort in this beautifully presented Old North family home. Nestled on a picturesque street in a sought-after mature neighbourhood, this residence showcases inviting living spaces, stylish finishes, and timeless architectural character. From the welcoming curb appeal to the bright and functional interior, every space feels warm and thoughtfully designed. The living room is open and airy with high ceilings and lots of natural light. The modern eat-in kitchen has hard surface countertops, island with bar seating and lots of storage. The large family room is cozy and a great gathering space. The main floor primary bedroom suite feels like luxury abound with the great ensuite washroom boasting a soaker tub and a tiled shower as well as access to the back deck area. An additional bedroom and 4-piece bathroom complete the ground level. On the second level you will find a stunning space highlighted by a large living room with the stunning modern kitchen with island and bar seating. A massive sleeping /Open area with sitting area and 3-piece ensuite bathroom complete the second level which has 'in-law suite' potential. The private outdoor area creates the perfect backdrop for entertaining, summer evenings, or quiet morning coffee. Ideally located near downtown London, Western University, St Joseph's Hospital, Doidge Park, excellent schools, parks, dining, and transit, this is an exceptional opportunity to enjoy urban convenience within an established residential setting.
Estimate your monthly payments for this property
Estimated Payment
$6,630.58/mo
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.
309 Cromwell 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 $750/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 31 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.
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.
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.
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 $6,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.