776 Quebec Street, London East

Price: $459,900

6 bedrooms, 3 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: X13455316

This charming 1 1/2 story home offers a unique opportunity for both investors and first-time homebuyers. It includes a self-contained extra suite with a separate hydro meter. This suite can provide a valuable income stream for first-time buyers, helping with mortgage payments while they reside in the main part of the house. The main entrance welcomes you with an enclosed front porch, perfect for enjoying the outdoors in comfort. Inside, one of the main floor bedrooms (located on the left) can converted into a living room featuring a fireplace. The wall is temporary and can be easily removed to restore the space to a family room. The spacious eat-in kitchen is a highlight, boasting a lovely bay window that overlooks the rear gardens. The property's location is also highly convenient, with close proximity to Fanshawe College, a shopping center, and downtown London. For added peace of mind, the home features a metal roof installed in 2021 and air conditioning that was replaced in 2023.

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active
New Listing
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$459,900 - 776 Quebec Street, London East

Detached for Sale in London East

New — Listed 2 days ago
6Beds
3Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
X13455316
Property Type
Detached
Status
active
Days on Site
2
Bedrooms
6
Bathrooms
3
Square Feet
700 - 1,099 sqft
Neighbourhood
London East
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
Description

This charming 1 1/2 story home offers a unique opportunity for both investors and first-time homebuyers. It includes a self-contained extra suite with a separate hydro meter. This suite can provide a valuable income stream for first-time buyers, helping with mortgage payments while they reside in the main part of the house. The main entrance welcomes you with an enclosed front porch, perfect for enjoying the outdoors in comfort. Inside, one of the main floor bedrooms (located on the left) can converted into a living room featuring a fireplace. The wall is temporary and can be easily removed to restore the space to a family room. The spacious eat-in kitchen is a highlight, boasting a lovely bay window that overlooks the rear gardens. The property's location is also highly convenient, with close proximity to Fanshawe College, a shopping center, and downtown London. For added peace of mind, the home features a metal roof installed in 2021 and air conditioning that was replaced in 2023.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,359.53/mo

Includes CMHC insurance ($12,831)

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5-yr fixed avg.

Principal: $413,910Interest: $281,116
Mortgage Amount$426,741
Total Interest$281,116
Est. Property Tax$326/mo
Total Cost$707,858

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

776 Quebec Street, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,000/mo
Range: $3,400 - $4,600
Cap Rate (ROI)
9.3%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$4,000
Maintenance Fees-$0
Property Tax (est.)-$326
Insurance (est.)-$96
Net Cash Flow+$3,578

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 $657/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.

Just Listed - Act Strategically

This property hit the market within the last week. In London East's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 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.

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    776 Quebec Street, London East | $459,900 | Battaglia Team