$799,500 - 442 Victoria Street, London East
Detached for Sale in London East
- MLS Number
- X13148262
- Property Type
- Detached
- Status
- active
- Days on Site
- 30
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London East
- Listing Brokerage
- SUTTON GROUP - SELECT REALTY
Beautifully updated 3-bed, 2-bath, 1 3/4 home on an impressive 147' deep lot in desirable Old North. Complete with a 525 sq ft detached workshop, ideal for hobbyists. Located 1/2 block from Old North Public School, this rare offering balances timeless character, modern upgrades and everyday functionality with an active, busy family in mind. Step inside to a spacious and functional foyer with a custom bench and built-ins, and a large picture window with views of beautiful tree lined Victoria Street. The cozy living room features more custom built-ins, a fireplace, original hardwood floors, and elegant French doors leading to the raised back deck overlooking mature gardens and trees. The extensively renovated kitchen and main bathroom provide stylish modern convenience. The built-in dining room sideboard makes entertaining effortless, and offers additional storage and space for hosting family and friends. The finished basement, with a wet bar, full bath, and two bonus living room areas, adds valuable square footage for a play area, home office or gym. A standout feature is the 525 sq ft detached workshop with soaring 10' ceilings. With a new workshop roof in 2025, retrofitted with a 200 amp breaker panel, and electrical in the ceiling, this workshop is a rare offering in the Old North market. The thoughtfully landscaped backyard features a hardscaped firepit area, ornamental fencing and gate, mature trees and gardens, and privacy. You can let the kids and pets enjoy the yard in comfort - knowing it is fully fenced. Parking at this property is ample - enjoy a double-wide front parking area at the front and also in the rear at the workshop, making it easy for multiple vehicles to come and go. Recent updates include kitchen, main bath, paint, stair runner, hot water tank, lighting & more. Located minutes to the University, shops, restaurants, and entertainment, this is a rare opportunity to own a move-in ready home and workshop in the heart of Old North.
Estimate your monthly payments for this property
Estimated Payment
$4,101.85/mo
Includes CMHC insurance ($22,306)
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.
442 Victoria 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 $533/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 30 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.
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.
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 $3,331 (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.