$649,900 - 574 Princess Avenue, London East
Detached for Sale in London East
36 days on market- MLS Number
- X13122734
- Property Type
- Detached
- Status
- active
- Days on Site
- 36
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London East
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
Remarkable value in charming Woodfield neighbourhood, this 2 storey home offers new and old for the perfect blend. Complete with a full front sitting porch which faces south for those warm summer evenings or visits with friends over a lovely light refreshment. A quality built home from the early 1900's, this one offers formal foyer with French door entry to the living room, coloured leaded glass windows, updated lighting, high ceilings and engineered hardwood floors. Tastefully decorated throughout and offering an updated kitchen with loads of storage, stone countertops, under cabinet lighting, glass front upper pantry cabinetry, stainless steel appliances with induction oven in stove, double Blanco style kitchen sink, breakfast bar, solid ripple glass pocket door to main floor laundry and full bathroom with clawfoot tub, heated floors and updated vanity with stone countertop as well. Entering the main floor family room/office from the kitchen you will notice the vaulted pine ceiling and loads of windows as well as access to the rear deck and backyard oasis. The second floor offers updated bathroom with glass shower, stone countertops, heated floors and updated window. Full parking spot behind the drive-through garage and fabulous studio/workshop at the back of the lot that is perfect for an artist or anyone who wants some separate space that offers a built-in countertops, electric fireplace and loads of light. Walk out from basement on driveway side. This property is positioned among fabulous neighbours in the heart of Woodfield and within easy walking distance to downtown for all the summer festivals and access to shopping or restaurants. A treat to view, a pleasure to possess. Check it out today.
Estimate your monthly payments for this property
Estimated Payment
$3,334.32/mo
Includes CMHC insurance ($18,132)
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.
574 Princess Avenue, 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 $591/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.
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 $2,708 (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.