$699,999 - 367 St James Street, London East
Semi-Detached for Sale in London East
31 days on market- MLS Number
- X13141734
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 31
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London East
- Listing Brokerage
- THE REALTY FIRM PRESTIGE BROKERAGE INC.
Welcome to 367 St James St, a timeless two-storey home rich with character, charm, and over a century of stories. Once photographed alongside the King and Queen of England during their Royal visit to London in 1939, this home has been lovingly maintained and thoughtfully updated while preserving its historic elegance. The main floor features gleaming hardwood floors, soaring 12-foot ceilings, and an original fireplace framed with marble tile. Oversized windows fill the living and dining rooms with natural light, creating warm and inviting spaces for everyday living and entertaining. The spacious dining room easily hosts family gatherings, while the functional kitchen offers a generous island with seating and plenty of workspace. A convenient 2-piece bathroom and a cozy den overlooking the backyard, complete with an electric fireplace, add comfort and flexibility to the layout. Upstairs, you will find two distinct living areas. To the left are three generous bedrooms with hardwood floors, 12-foot ceilings, and charming transom windows above the doors. The updated 4-piece bathroom blends modern convenience with original built-ins and storage. A cedar-lined closet provides ideal extra storage. A fourth bedroom offers flexibility as a nursery, office, or playroom. Original radiators paired with forced-air heating keep the home comfortable year-round. The unfinished attic offers endless potential for a studio, office, retreat, or play space. Numerous updates include basement and attic insulation (2003), furnace (2006), roof (2016), refrigerator and dishwasher (2019), washer (2020), and updated A/C and boiler systems (2021). The expansive backyard offers potential for an additional dwelling unit, ideal for an in-law suite or short-term rental. Located in the heart of Old North, this home is steps from Western University, downtown, excellent schools, and all the charm the neighbourhood is known for.
Estimate your monthly payments for this property
Estimated Payment
$3,591.36/mo
Includes CMHC insurance ($19,530)
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.
367 St James 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 $350/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.
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.
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 $2,917 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.