$599,900 - 737 William Street Unit 1 & 2, London East
Multi-Family for Sale in London East
109 days on market- MLS Number
- X12458105
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 109
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London East
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
Welcome to 737 William Street, a beautiful legal duplex that could also serve as an incredible single-family home, offering timeless character and modern versatility. On a private, mature treed lot, nestled between between historical Woodfield and Old North, this property combines charm, function, and flexibility. It's perfect and ready to go for multi-generational families, anyone seeking a home with income potential and makes a phenomenal long term investment. With parking for five vehicles, two in the front driveway and three more off the rear laneway, this home offers convenience and space rarely found in the center city. The main floor unit that will be vacant as of April 1st, features two spacious bedrooms and showcases the homes character with original wood trim, high ceilings, and an abundance of natural light. The inviting layout includes access to a full basement, providing excellent storage. Step outside to enjoy the incredible covered front porch for morning coffees, or the expansive deck that stretches across the whole back of the house and wraps around the side. An ideal spot to relax, entertain, and listen to the birds in the peaceful tranquility. The upper one-bedroom apartment is bright and charming, highlighted by a gas fireplace, large windows, and a skylight that fills the space with natural light. It offers a private deck overlooking the trees and gardens, a separate dining area, a cozy living room, and an office workstation nook, perfect for todays work from home lifestyle. Additional features include two fridges, two stoves, one dishwasher, two washers, two dryers, and a garden shed for extra storage. From the moment you step through the solid wood front door, you'll be captivated by the warmth, detail, and character that make this property truly special. With its versatility, great location, and undeniable charm, 737 William Street is a rare opportunity to own a home that fits your lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$3,077.80/mo
Includes CMHC insurance ($16,737)
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.
737 William Street Unit 1 & 2, 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 $400/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.
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.
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 $2,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.