690 Little Grey Street Unit 110, London East

Price: $299,000

3 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: X12939816

Welcome to Park Central Mews - centrally located close to all Amenities and Bus routes. With a smart layout, fresh updates, a warm cottage feel and a lifestyle that blends convenience with comfort, this home is the perfect fit for first-time buyers, growing families, investors, or anyone looking for low-maintenance living minutes from downtown. Inside you'll love: Bright, open main floor that flows seamlessly from living to dining; a stylish, functional kitchen with plenty of prep space; generously sized bedrooms upstairs, perfect for family or home office; private patio/backyard space ideal for BBQs or morning coffee; dedicated parking plus visitor spots for friends and family. Schools: In the catchment area of one of the best academic public High-schools in Ontario - Central Secondary School. H.B. Beal Secondary School is thought to be the best for Arts, Music, and Tech in London. Catholic Central Highschool known for Athletics (Football et al), Music, Special programs with a strong alumni legacy is also a top level choice. The lifestyle: Here, you're steps to Thompson Road Park, playgrounds, intra-city bike trails and the neighbourhood elementary school. Hop on transit or take a quick drive and you'll reach downtown offices, Victoria Hospital, shopping along Hamilton Road, and a full lineup of restaurants and cafés. Everything you need is close yet your street feels calm and community-oriented in this exceptionally maintained complex. Affordable entry point into London's market, strong rental demand for investors, parks, schools, and green space right outside your door and, a true lock-and-leave home for busy professionals and downsizers.

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$299,000 - 690 Little Grey Street Unit 110, London East

Condo for Sale in London East

80 days on market
3Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
X12939816
Property Type
Condo
Status
active
Days on Site
80
Bedrooms
3
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
London East
Locker
Ensuite+Common
Exposure
North
Balcony
None
Listing Brokerage
RE/MAX CENTRE CITY REALTY INC.
Description

Welcome to Park Central Mews - centrally located close to all Amenities and Bus routes. With a smart layout, fresh updates, a warm cottage feel and a lifestyle that blends convenience with comfort, this home is the perfect fit for first-time buyers, growing families, investors, or anyone looking for low-maintenance living minutes from downtown. Inside you'll love: Bright, open main floor that flows seamlessly from living to dining; a stylish, functional kitchen with plenty of prep space; generously sized bedrooms upstairs, perfect for family or home office; private patio/backyard space ideal for BBQs or morning coffee; dedicated parking plus visitor spots for friends and family. Schools: In the catchment area of one of the best academic public High-schools in Ontario - Central Secondary School. H.B. Beal Secondary School is thought to be the best for Arts, Music, and Tech in London. Catholic Central Highschool known for Athletics (Football et al), Music, Special programs with a strong alumni legacy is also a top level choice. The lifestyle: Here, you're steps to Thompson Road Park, playgrounds, intra-city bike trails and the neighbourhood elementary school. Hop on transit or take a quick drive and you'll reach downtown offices, Victoria Hospital, shopping along Hamilton Road, and a full lineup of restaurants and cafés. Everything you need is close yet your street feels calm and community-oriented in this exceptionally maintained complex. Affordable entry point into London's market, strong rental demand for investors, parks, schools, and green space right outside your door and, a true lock-and-leave home for busy professionals and downsizers.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,534.02/mo

Includes CMHC insurance ($8,342)

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5-yr fixed avg.

Principal: $269,100Interest: $182,765
Mortgage Amount$277,442
Total Interest$182,765
Est. Property Tax$212/mo
Total Cost$460,207

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

690 Little Grey Street Unit 110, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
7.4%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$650
Property Tax (est.)-$212
Insurance (est.)-$62
Net Cash Flow+$1,836

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 $299/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 80 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.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

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.

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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