474 Woodman Avenue, London East

Price: $499,900

2 bedrooms, 2 bathrooms

1,100 - 1,499 sqft

Property Type: Detached

MLS#: X13127010

Welcome to the heart of Old East Village - one of London's most exciting and evolving neighbourhoods. This extensively renovated two-storey home blends timeless character with modern updates, offering turnkey living just steps from local favourites like Anderson Craft Ales, The Factory, and the Hard Rock Hotel. Inside, the home has been thoughtfully updated from top to bottom. The bright main floor features a warm, inviting layout perfect for everyday living and entertaining, while the upper level offers comfortable bedrooms and a beautifully finished full bathroom. The fully finished basement adds valuable additional living space with a second full bath - ideal for guests, a home office, or a private retreat. Outside, enjoy your own private backyard oasis complete with a rear deck for relaxing or hosting, plus the rare bonus of a detached garage in this highly walkable neighbourhood. Located in a community on the verge of major growth and revitalization, this property offers not only a fantastic place to live but a smart long-term investment opportunity. Experience the lifestyle Old East Village is known for - walkable, vibrant, and full of energy - all right outside your front door.

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$499,900 - 474 Woodman Avenue, London East

Detached for Sale in London East

36 days on market
2Beds
2Baths
1,100 - 1,499Sq Ft
Detached
Property Details
MLS Number
X13127010
Property Type
Detached
Status
active
Days on Site
36
Bedrooms
2
Bathrooms
2
Square Feet
1,100 - 1,499 sqft
Neighbourhood
London East
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP.
Description

Welcome to the heart of Old East Village - one of London's most exciting and evolving neighbourhoods. This extensively renovated two-storey home blends timeless character with modern updates, offering turnkey living just steps from local favourites like Anderson Craft Ales, The Factory, and the Hard Rock Hotel. Inside, the home has been thoughtfully updated from top to bottom. The bright main floor features a warm, inviting layout perfect for everyday living and entertaining, while the upper level offers comfortable bedrooms and a beautifully finished full bathroom. The fully finished basement adds valuable additional living space with a second full bath - ideal for guests, a home office, or a private retreat. Outside, enjoy your own private backyard oasis complete with a rear deck for relaxing or hosting, plus the rare bonus of a detached garage in this highly walkable neighbourhood. Located in a community on the verge of major growth and revitalization, this property offers not only a fantastic place to live but a smart long-term investment opportunity. Experience the lifestyle Old East Village is known for - walkable, vibrant, and full of energy - all right outside your front door.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,564.75/mo

Includes CMHC insurance ($13,947)

$
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5%10%50%

5-yr fixed avg.

Principal: $449,910Interest: $305,567
Mortgage Amount$463,857
Total Interest$305,567
Est. Property Tax$354/mo
Total Cost$769,424

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

474 Woodman Avenue, 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)
4.7%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,400
Maintenance Fees-$0
Property Tax (est.)-$354
Insurance (est.)-$104
Net Cash Flow+$1,942

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 $454/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 36 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.

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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    474 Woodman Avenue, London East | $499,900 | Battaglia Team