$474,900 - 687 Princess Avenue, London East
Detached for Sale in London East
43 days on market- MLS Number
- X13095154
- Property Type
- Detached
- Status
- active
- Days on Site
- 43
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London East
- Listing Brokerage
- SUTTON GROUP - SELECT REALTY
Every house has a story, but not every home can surprise you. This Old East Village bungalow may look quaint and unassuming from the street, but step inside and you'll quickly see it's full of unexpected space. Originally built in 1890, it still showcases the character buyers love in this neighbourhood: original pine hardwood floors, 9 ft ceilings, and oversized windows that flood the home with natural light. A thoughtfully designed addition has nearly doubled the size of the home, including a full-height finished basement, bringing the total to over 2,000 square feet of functional living space. Worried about the upkeep of an older home? Many of the big ticket updates have already been taken care of: Windows (2018) Front and Rear Door (2024/25)Roof shingles & gutters (2022) Furnace & A/C (2017) Electrical panel & most wiring (2017) Bathroom renovation (Bath Fitter) The main floor features two bedrooms and a renovated bathroom, along with spacious principal rooms including a cozy living area and formal dining space. The updated kitchen offers an open concept layout with breakfast bar seating: perfect for everyday living and entertaining. At the rear of the home, a bright den with French doors opens onto the patio, creating an ideal spot to unwind with a book or morning coffee. Downstairs, the full height basement spans the entire footprint of the home and offers incredible flexibility, with space for a recreation room, home office, games area, guest bedroom, and more. Outside, the fully fenced backyard feels like a private garden, complete with mature shade trees and a storage shed. The private concrete driveway (not shared) comfortably accommodates three vehicles. If you're new to the city, Old East Village is one of London's best-kept secrets: an affordable historic neighbourhood just minutes from downtown, with its own vibrant culture including craft breweries, artisan shops, and local destinations like 100 Kellogg Lane, The Factory, and the Hard Rock Hotel.
Estimate your monthly payments for this property
Estimated Payment
$2,436.48/mo
Includes CMHC insurance ($13,250)
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.
687 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 $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.
Market Position
At 43 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.