$499,999 - 756 Cheapside Street, London East
Detached for Sale in London East
55 days on market- MLS Number
- X13045308
- Property Type
- Detached
- Status
- active
- Days on Site
- 55
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Listing Brokerage
- HOMELIFE NEW WORLD REALTY INC.
Welcome to this beautifully maintained solid brick bungalow, offering 3+2 bedrooms, 2 full bathrooms, and approximately 2,000 sq ft of comfortable living space. Situated in a prime, family-friendly location close to schools, parks, and amenities, the home features outstanding parking convenience with room for up to 8 vehicles on a double-wide driveway.Designed for comfort and efficiency, the property benefits from energy-saving updates and enjoys abundant natural light throughout the day, with long hours of beautiful sunshine that create a bright and welcoming atmosphere year-round.Inside, you will find a bright open-concept kitchen with generous space for cooking, gathering, and entertaining. A sun-filled sunroom provides a peaceful retreat for relaxation and enjoying natural light in every season.The fully finished basement adds excellent flexibility, featuring a spacious recreation room, two additional bedrooms, a full bathroom, and a cold room for practical storage.Recent upgrades and key features include:* Bathroom and flooring improvements (2025)* New large low-level basement window (2024)* Roof replacement (2021)* Upgraded insulation (2021)* Newer appliances (2018)* Owned hot water tank for improved efficiency and cost savings* Double-wide driveway with parking for up to 8 vehicles Outdoors, both front and back yards offer a private, fully fenced setting enriched with fruit trees, vegetable plantings, and vibrant flowers. A simple irrigation system helps maintain the garden with ease, keeping it beautiful throughout the seasons.This is a warm, solid, and thoughtfully updated home that blends space, function, and efficiency-an ideal choice for families, first-time buyers, or those looking to downsize without compromise.A truly inviting property where natural light, comfort, and everyday convenience come together beautifully.
Estimate your monthly payments for this property
Estimated Payment
$2,565.25/mo
Includes CMHC insurance ($13,950)
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.
756 Cheapside 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 $714/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 55 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.
Excellent Flexibility
With 5 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.
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.