$315,000 - 616 Layard Street, London East
Detached for Sale in London East
108 days on market- MLS Number
- X12672000
- Property Type
- Detached
- Status
- active
- Days on Site
- 108
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
Welcome to 616 Layard Street - a move-in-ready gem perfect for first-time buyers or savvy investors! This charming and well-cared-for home offers 3 comfortable bedrooms and1 full bathroom, making it an ideal option for those looking to step into homeownership or add a solid property to their investment portfolio. Pride of ownership is evident throughout, with several key updates already completed for peace of mind and convenience. Enjoy newer washer and dryer, a stove, an updated electrical panel, and a newly finished driveway, allowing you to move in and settle without the hassle of immediate upgrades. Step outside to your fully fenced, private backyard, perfect for relaxing, entertaining, or letting pets roam freely. The yard features a covered gazebo for outdoor enjoyment and a good-sized storage shed, providing ample space for tools, bikes, or seasonal items. Located in an established London neighbourhood close to amenities, transit, and everyday conveniences, this home combines comfort, value, and location. New steel roof. Whether you're starting out, downsizing, or investing, 616 Layard Street is a fantastic opportunity you won't want to miss.
Estimate your monthly payments for this property
Estimated Payment
$1,616.11/mo
Includes CMHC insurance ($8,789)
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.
616 Layard 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 $450/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 108 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.
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.
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.