437 Clarke Road, London East

Price: $449,000

3 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: X12900084

Location!Location!Location! An amazing opportunity for first-time buyers and investors alike. This charming brick home is situated in the heart of Argyle,East London,and is ready for its next owner.Featuring 3 bedrooms,1 bath and a partially finised basement that just needs your personal touch. Enjoy a large fully fenced backyard-perfect for family gathering or future projects. Conveniently located close to fanshawe college,shopping,parks,schools and all essential amenties. Everything you need is a short walk away. Don't miss this increadible opportunity to own in a sought-after neighbourhood!

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$449,000 - 437 Clarke Road, London East

Detached for Sale in London East

3Beds
1Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
X12900084
Property Type
Detached
Status
active
Days on Site
17
Bedrooms
3
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
London East
Listing Brokerage
HOMELIFE/MIRACLE REALTY LTD
Description

Location!Location!Location! An amazing opportunity for first-time buyers and investors alike. This charming brick home is situated in the heart of Argyle,East London,and is ready for its next owner.Featuring 3 bedrooms,1 bath and a partially finised basement that just needs your personal touch. Enjoy a large fully fenced backyard-perfect for family gathering or future projects. Conveniently located close to fanshawe college,shopping,parks,schools and all essential amenties. Everything you need is a short walk away. Don't miss this increadible opportunity to own in a sought-after neighbourhood!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,303.60/mo

Includes CMHC insurance ($12,527)

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5-yr fixed avg.

Principal: $404,100Interest: $274,454
Mortgage Amount$416,627
Total Interest$274,454
Est. Property Tax$318/mo
Total Cost$691,081

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

437 Clarke Road, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
6.4%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$318
Insurance (est.)-$94
Net Cash Flow+$2,388

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, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $641/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 17 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.

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.

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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