$589,900 - 78 Sussex Place, London East
Detached for Sale in London East
35 days on market- MLS Number
- X13137684
- Property Type
- Detached
- Status
- active
- Days on Site
- 35
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London East
- Lot Size
- 5,662 sqft
- Listing Brokerage
- THE REALTY FIRM INC.
North East London presents 78 Sussex Place, a beautifully maintained turnkey two storey family home tucked away on a quiet, tree lined cul de sac surrounded by mature trees. The main floor is the heart of the home, featuring rich hardwood flooring, a bright living room with bay window, formal dining with patio doors to the backyard, a convenient 2 piece bath, and a refreshed kitchen with ample cabinetry, a charming coffee bar, and generous storage. The upper level offers an expansive primary bedroom, two great sized bedrooms, and a 4 piece bath. The lower level includes a cozy rec room with gas fireplace, finished laundry room, 3 piece bath, plus utility and storage space. Step outside to a spacious backyard complete with deck, patio, storage shed, and a semi attached single garage. A fantastic place to raise a family, ideally located close to schools, parks, trails, transit, dog parks, Tin Cup mini putt and driving range, restaurants, shopping, and more. Notable updates include roof 2021, A/C 2024, washer and dryer 2025, owned HWT 2017, and kitchen updates including cabinets, backsplash, counters, and sink completed in 2024 to 2025.
Estimate your monthly payments for this property
Estimated Payment
$3,026.49/mo
Includes CMHC insurance ($16,458)
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.
78 Sussex Place, 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 $536/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 35 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.
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.
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 $2,458 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.