330 Salisbury Street, London East

Price: $375,000

2 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: X13139658

Welcome to 330 Salisbury Street. This home is move in ready and ideal for any first time home buyer, investor or downsizer. Conveniently located in the heart of London Ontario. This 2 bedroom bungalow features high ceilings, newer flooring, and a sunny and bright eat in kitchen. Some updated lighting throughout. Both bedrooms are on the main, plus additional den/home office on main floor as well. Looking for a big back yard to bbq, garden, let the kids or dogs run around? This backyard will impress you. This east side home could be ideal for Fanshawe College students.Downtown London is just minutes away, and 100 Kelloggs is just around the corner.Public Transit right outside your door step. Recent updates include; Furnace (September 2021), AC (September 2021), Basement windows (2021), Insulation in basement (2021).Zoned R2-2.

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$375,000 - 330 Salisbury Street, London East

Detached for Sale in London East

33 days on market
2Beds
1Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
X13139658
Property Type
Detached
Status
active
Days on Site
33
Bedrooms
2
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
London East
Listing Brokerage
INITIA REAL ESTATE (ONTARIO) LTD
Description

Welcome to 330 Salisbury Street. This home is move in ready and ideal for any first time home buyer, investor or downsizer. Conveniently located in the heart of London Ontario. This 2 bedroom bungalow features high ceilings, newer flooring, and a sunny and bright eat in kitchen. Some updated lighting throughout. Both bedrooms are on the main, plus additional den/home office on main floor as well. Looking for a big back yard to bbq, garden, let the kids or dogs run around? This backyard will impress you. This east side home could be ideal for Fanshawe College students.Downtown London is just minutes away, and 100 Kelloggs is just around the corner.Public Transit right outside your door step. Recent updates include; Furnace (September 2021), AC (September 2021), Basement windows (2021), Insulation in basement (2021).Zoned R2-2.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,923.94/mo

Includes CMHC insurance ($10,463)

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5-yr fixed avg.

Principal: $337,500Interest: $229,221
Mortgage Amount$347,963
Total Interest$229,221
Est. Property Tax$266/mo
Total Cost$577,183

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.

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Neighbourhood Guide: London East

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

330 Salisbury Street, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,400/mo
Range: $2,040 - $2,760
Cap Rate (ROI)
6.6%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,400
Maintenance Fees-$0
Property Tax (est.)-$266
Insurance (est.)-$78
Net Cash Flow+$2,056

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $536/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 33 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.

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    330 Salisbury Street, London East | $375,000 | Battaglia Team