385 Avondale Road, London East

Price: $419,000

4 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: X13029662

Welcome home to 385 Avondale Rd - a charming bungalow on a quiet, tree-lined street in Argyle, one of East London's most loved and family-friendly pockets. Bright, move-in ready, and full of character, this 3-bedroom home is a great fit for first-time buyers, downsizers, or investors. The living room is the heart of the main floor, with a gas fireplace, custom built-ins, and original hardwood floors running throughout. An arched entry opens into the dining area and kitchen, which offers plenty of cabinet space, a stainless steel fridge and dishwasher, and a bright window above the sink. Three bedrooms share a full 4-piece bath, and one of the bedrooms has its own standalone shower - a handy setup for in-laws, a home-based business, or a rental arrangement. The main floor laundry keeps day-to-day living easy. Out back is where this home really shines. A raised concrete patio with wrought iron railings gives you a defined space for the fire pit, BBQ, or outdoor dining, while the fully fenced lower yard offers a deep, grassy area shaded by mature trees - room for kids to play, pets to run, or a garden to take shape. Rare outdoor space at this price point. Downstairs is partially finished, giving you even more room to stretch out. There's a generous rec room, a bonus den that works well as a home office, guest space, or hobby room, a 2-piece bath, and lots of storage. The big-ticket items are already taken care of: a newer furnace (2021), central A/C (2023), and a durable metal roof. You're close to schools, parks, shopping, and transit, with quick access to the 401 for commuters. Homes like this don't come up often in Argyle - see it before it's gone.

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$419,000 - 385 Avondale Road, London East

Detached for Sale in London East

57 days on market
4Beds
2Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
X13029662
Property Type
Detached
Status
active
Days on Site
57
Bedrooms
4
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
London East
Listing Brokerage
OAK AND KEY REAL ESTATE BROKERAGE, INC.
Description

Welcome home to 385 Avondale Rd - a charming bungalow on a quiet, tree-lined street in Argyle, one of East London's most loved and family-friendly pockets. Bright, move-in ready, and full of character, this 3-bedroom home is a great fit for first-time buyers, downsizers, or investors. The living room is the heart of the main floor, with a gas fireplace, custom built-ins, and original hardwood floors running throughout. An arched entry opens into the dining area and kitchen, which offers plenty of cabinet space, a stainless steel fridge and dishwasher, and a bright window above the sink. Three bedrooms share a full 4-piece bath, and one of the bedrooms has its own standalone shower - a handy setup for in-laws, a home-based business, or a rental arrangement. The main floor laundry keeps day-to-day living easy. Out back is where this home really shines. A raised concrete patio with wrought iron railings gives you a defined space for the fire pit, BBQ, or outdoor dining, while the fully fenced lower yard offers a deep, grassy area shaded by mature trees - room for kids to play, pets to run, or a garden to take shape. Rare outdoor space at this price point. Downstairs is partially finished, giving you even more room to stretch out. There's a generous rec room, a bonus den that works well as a home office, guest space, or hobby room, a 2-piece bath, and lots of storage. The big-ticket items are already taken care of: a newer furnace (2021), central A/C (2023), and a durable metal roof. You're close to schools, parks, shopping, and transit, with quick access to the 401 for commuters. Homes like this don't come up often in Argyle - see it before it's gone.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,149.69/mo

Includes CMHC insurance ($11,690)

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5-yr fixed avg.

Principal: $377,100Interest: $256,116
Mortgage Amount$388,790
Total Interest$256,116
Est. Property Tax$297/mo
Total Cost$644,906

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

385 Avondale Road, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
8.1%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$297
Insurance (est.)-$87
Net Cash Flow+$2,816

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 $599/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 57 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.

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.

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.

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    385 Avondale Road, London East | $419,000 | Battaglia Team