$649,900 - 693 Queens Avenue, London East
Detached for Sale in London East
- MLS Number
- X13163642
- Property Type
- Detached
- Status
- active
- Days on Site
- 27
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London East
- Listing Brokerage
- REVEL REALTY INC.
Welcome to 693 Queens Avenue. A bold, character-filled century home in the heart of London's vibrant Old East Village, where true urban living is the vibe. With over 3 levels of beautifully flexible living space, this fully updated 5+1 bedroom, 2.5 bath home offers the kind of versatility that's increasingly hard to find. Whether you're an entrepreneur, artist, remote professional, multi-generational family, this property adapts to the way you live. Inside, original character features including pocket doors, exposed brick, built-ins & timeless details blend seamlessly with modern updates. The main level feels open, warm, and connected, with spacious principal rooms, an updated kitchen, rare walk-in pantry, and a sunroom filled with natural light and creative energy. Upstairs, generous bedrooms and flexible living areas create endless possibilities for growing families, studios, offices, wellness spaces, or collaborative work-from-home setups. A second-level great room with electric fireplace and private balcony adds another unexpected layer of charm, while the third-floor loft offers a completely separate retreat ideal for an art studio, music room, guest quarters, teen hangout, or inspiring creative escape. The partially finished lower level features a separate entrance, spacious bedroom with egress window, and spa-inspired bathroom, ideal for guests, workspace, extended family, or future income potential. Outside, the fully fenced 140-foot-deep lot creates a private urban oasis with room for entertaining, pets, city gardening, or simply unwinding outdoors. Two private parking spaces complete the package. Zoned for both residential and office use, this property offers exceptional live/work flexibility in one of London's most connected and culturally rich neighbourhoods. Just steps from cafés, artisan shops, parks, Kellogg Lane, the Hard Rock Hotel, and the energy of downtown living. This home is an opportunity to create, connect, and live differently.
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.
693 Queens 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 $433/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 27 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.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in London East.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.