616 Glasgow Street, London East

Price: $474,999

4 bedrooms, 2 bathrooms

1,100 - 1,499 sqft

Property Type: Detached

MLS#: X12568704

Welcome to this charming two-storey family home in Carling Heights. Situated on a corner lot just steps from Old East Village, this 3+1 bedroom, 2 bathroom home has been well maintained and updated. Walk up to the front entrance and you'll be greeted with a large covered porch, perfect for a morning coffee or evening glass of wine. Step inside to the generous foyer, a perfect space to keep your jackets, shoes, bags and more tucked away. The main floor is open and bright, with a living room attached to your spacious dining and kitchen area. The perfect spot to entertain! The bonus room off the kitchen can be used for a den, office, additional bedroom and more. Upstairs are three good sized bedrooms and a three piece bathroom, featuring a claw foot soaker tub, pedestal sink and timeless white and black hexagon floor tiles. The unfinished basement has plenty of storage space, laundry and a workbench. The backyard has a large deck to enjoy summer days and nights, and a play area for growing families. Loads of amenities are close by like Western Fair, Markets, craft breweries, several parks as well as local primary schools including East Carling, Lousie Arbour and Blessed Sacrament. Book your showing today!

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$474,999 - 616 Glasgow Street, London East

Detached for Sale in London East

109 days on market
4Beds
2Baths
1,100 - 1,499Sq Ft
Detached
Property Details
MLS Number
X12568704
Property Type
Detached
Status
active
Days on Site
109
Bedrooms
4
Bathrooms
2
Square Feet
1,100 - 1,499 sqft
Neighbourhood
London East
Lot Size
3,122 sqft
Listing Brokerage
KELLER WILLIAMS LIFESTYLES
Description

Welcome to this charming two-storey family home in Carling Heights. Situated on a corner lot just steps from Old East Village, this 3+1 bedroom, 2 bathroom home has been well maintained and updated. Walk up to the front entrance and you'll be greeted with a large covered porch, perfect for a morning coffee or evening glass of wine. Step inside to the generous foyer, a perfect space to keep your jackets, shoes, bags and more tucked away. The main floor is open and bright, with a living room attached to your spacious dining and kitchen area. The perfect spot to entertain! The bonus room off the kitchen can be used for a den, office, additional bedroom and more. Upstairs are three good sized bedrooms and a three piece bathroom, featuring a claw foot soaker tub, pedestal sink and timeless white and black hexagon floor tiles. The unfinished basement has plenty of storage space, laundry and a workbench. The backyard has a large deck to enjoy summer days and nights, and a play area for growing families. Loads of amenities are close by like Western Fair, Markets, craft breweries, several parks as well as local primary schools including East Carling, Lousie Arbour and Blessed Sacrament. Book your showing today!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,436.99/mo

Includes CMHC insurance ($13,252)

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5-yr fixed avg.

Principal: $427,499Interest: $290,346
Mortgage Amount$440,751
Total Interest$290,346
Est. Property Tax$336/mo
Total Cost$731,097

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

616 Glasgow Street, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
7.0%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$336
Insurance (est.)-$99
Net Cash Flow+$2,765

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 $432/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.

Negotiation Opportunity

At 109 days on site, this property has exceeded the typical selling timeline for London East. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London East. Good resale value as demand remains consistent.

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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    616 Glasgow Street, London East | $474,999 | Battaglia Team