438 Ontario Street, London East

Price: $420,000

2 bedrooms, 1 bathrooms

1,100 - 1,499 sqft

Property Type: Detached

MLS#: X13429896

Welcome to 438 Ontario Street in London's Old East Village, a vibrant and growing neighbourhood known for its local shops, markets, community events, and convenient access to downtown. Located within walking distance of 100 Kellogg Lane, you'll enjoy easy access to attractions including the London Children's Museum, Hard Rock Hotel, restaurants, entertainment, and more. This well-maintained red brick home combines original character with thoughtful modern updates. Offering 2 bedrooms and 1 bathroom, it's an excellent option for first-time buyers, downsizers, or investors seeking a move-in-ready property in an established neighbourhood.The main floor has been refreshed in 2025 with new paint, updated lighting, and a bright, functional layout. The kitchen features a new stove and microwave (2025), while additional pantry and bedroom storage enhance everyday practicality. Major updates include a furnace and air conditioner (2015), replacement of the lead water service line (2021), and a roof estimated to be 10-12 years old.Outside, the backyard has been completely redesigned in 2025 with new landscaping, patio space, fencing, and garden beds, creating a private outdoor retreat. A newly constructed shed with 60-amp service offers flexibility for a workshop, hobby space, studio, or additional storage. The front exterior has also been updated with refreshed landscaping, new porch decking (2025), and a new screen door, while updated window coverings (2024) complete the home.If you're looking for a property that offers character, modern updates, and a convenient location, 438 Ontario Street is well worth a look.

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$420,000 - 438 Ontario Street, London East

Detached for Sale in London East

Popular Listing
2Beds
1Baths
1,100 - 1,499Sq Ft
Detached
Property Details
MLS Number
X13429896
Property Type
Detached
Status
active
Days on Site
8
Bedrooms
2
Bathrooms
1
Square Feet
1,100 - 1,499 sqft
Neighbourhood
London East
Listing Brokerage
PROPERTY.CA INC
Description

Welcome to 438 Ontario Street in London's Old East Village, a vibrant and growing neighbourhood known for its local shops, markets, community events, and convenient access to downtown. Located within walking distance of 100 Kellogg Lane, you'll enjoy easy access to attractions including the London Children's Museum, Hard Rock Hotel, restaurants, entertainment, and more. This well-maintained red brick home combines original character with thoughtful modern updates. Offering 2 bedrooms and 1 bathroom, it's an excellent option for first-time buyers, downsizers, or investors seeking a move-in-ready property in an established neighbourhood.The main floor has been refreshed in 2025 with new paint, updated lighting, and a bright, functional layout. The kitchen features a new stove and microwave (2025), while additional pantry and bedroom storage enhance everyday practicality. Major updates include a furnace and air conditioner (2015), replacement of the lead water service line (2021), and a roof estimated to be 10-12 years old.Outside, the backyard has been completely redesigned in 2025 with new landscaping, patio space, fencing, and garden beds, creating a private outdoor retreat. A newly constructed shed with 60-amp service offers flexibility for a workshop, hobby space, studio, or additional storage. The front exterior has also been updated with refreshed landscaping, new porch decking (2025), and a new screen door, while updated window coverings (2024) complete the home.If you're looking for a property that offers character, modern updates, and a convenient location, 438 Ontario Street is well worth a look.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,154.82/mo

Includes CMHC insurance ($11,718)

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5-yr fixed avg.

Principal: $378,000Interest: $256,727
Mortgage Amount$389,718
Total Interest$256,727
Est. Property Tax$298/mo
Total Cost$646,445

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

438 Ontario 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)
5.8%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,400
Maintenance Fees-$0
Property Tax (est.)-$298
Insurance (est.)-$88
Net Cash Flow+$2,014

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 $382/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.

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.

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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    438 Ontario Street, London East | $420,000 | Battaglia Team