$549,900 - 483 Clarke Road, London East
Detached for Sale in London East
31 days on market- MLS Number
- X13142738
- Property Type
- Detached
- Status
- active
- Days on Site
- 31
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Listing Brokerage
- STREETCITY REALTY INC.
Welcome to 483 Clarke Road - a rare city property offering the ultimate combination of home, shop, and lifestyle. Whether you're a hobbyist, contractor, entrepreneur, or car enthusiast, the impressive 20x36 steel workshop with 19-foot ceilings, 10-foot door, automotive lift, and full electrical service is the kind of setup buyers wait for - all while still enjoying the convenience of city living.This beautifully maintained bungalow features a bright open-concept main floor with soaring vaulted ceilings, skylights, and rich hardwood flooring throughout. The modern kitchen and updated 3-piece bath offer a clean contemporary feel, while the fully finished lower level provides exceptional flexibility with a spacious den, additional bedroom area, office or storage space, and a second full 4-piece bath. All bedrooms feature floor-to-ceiling armoires for functional storage and style.Step outside and discover what truly sets this property apart. A secure enclosed carport with double-wide gates provides access to the incredible detached workshop and expansive rear yard. Beyond the shop, enjoy a private backyard retreat complete with perennial gardens, a brick fire pit, covered patio, additional shed storage, and a 20ft sea-can container - offering endless possibilities for work, storage, hobbies, or entertaining.A one-of-a-kind property delivering space, versatility, and opportunity without leaving the city. Recent updates include central air (2025), roof shingles (2022), and professionally painted exterior (2024).
Estimate your monthly payments for this property
Estimated Payment
$2,821.27/mo
Includes CMHC insurance ($15,342)
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.
483 Clarke Road, 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 $786/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 31 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.
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 $2,291 (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.