$588,888 - 840 Queens Avenue, London East
Multi-Family for Sale in London East
43 days on market- MLS Number
- X13094444
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 43
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London East
- Listing Brokerage
- STREETCITY REALTY INC.
An investors dream! A beautiful duplex with low maintenance, and great amenities, located just a short walk to Hard Rock Hotel, The Factory Entertainment centre, Western Fair, and all the great restaurants, breweries, markets and local business's that make Old East Village such a fantastic neighbourhood to live work and play! Wether you're looking for an owner occupied purchase, or rent both units for maximum income potential, this property has options. On the main floor, you'll find the vacant 3 bedroom unit that features an open, generous sized living area, in unit laundry, plenty of storage in the lower level, and upgraded insulation for the tenants comfort and sound proofing. Along the covered front porch you'll enter the upstairs open concept 1 bedroom unit. Nicely finished with in unit laundry, and a generous walk in closet. What really makes this property special, is located behind the 4+car parking! You'll find the perfect fenced in retreat for you or your tenants to entertain poolside, or enjoy tranquil afternoons taking up a new hobby with a studio/ work shop, pool room or whatever your imagination likes. Accompanied by a large shed and a 12x24 above ground pool and deck, making this property multifunctional as an owner occupied rental or an amazing amenity for your tenants.
Estimate your monthly payments for this property
Estimated Payment
$3,021.30/mo
Includes CMHC insurance ($16,430)
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.
840 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 $393/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 43 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London East. Good resale value as demand remains consistent.
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 $2,454 (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.