$749,900 - 867 Colborne Street, London East
Detached for Sale in London East
Popular Listing- MLS Number
- X13424446
- Property Type
- Detached
- Status
- active
- Days on Site
- 9
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London East
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Welcome to 867 Colborne Street! Located in the heart of Old North, this charming red brick two-storey home offers the perfect blend of character, modern updates, and family-friendly living. From the moment you arrive, the inviting front porch offers the perfect spot to enjoy your morning coffee, connect with neighbours, or unwind with friends under the warm glow of evening potlights. With exceptional curb appeal, this move-in ready home is ready to welcome its next family. Inside, elegant luxury vinyl flooring flows through the bright and open main floor, designed for both everyday comfort and entertaining. The beautifully updated chef's kitchen features a large island, pot filler, stainless steel appliances, and abundant storage, making it the perfect space to cook, gather, and create lasting memories. The spacious dining area is ideal for family dinners and hosting guests, while the cozy rear den offers flexibility as a home office, reading lounge, or relaxing retreat. Main floor laundry and a convenient two-piece bath complete the level. Upstairs, the home offers a generous primary bedroom with a walk-through closet, two additional bedrooms, and a stylishly updated four-piece bathroom, providing ample space for a family. Step outside to discover a truly breathtaking backyard professionally designed by Eden Gardenworks in 2021. Complete with a covered gazebo and outdoor firepit, this private outdoor oasis is made for summer evenings, entertaining, and unforgettable gatherings. A bonus fully self-contained INCOME SUITE with its own kitchenette, full bathroom, and separate hydro and gas meters adds incredible flexibility and value. Ideal as an Airbnb rental, mortgage helper, or a comfortable private space for extended family. Located close to Western U, University Hospital, Gibbons Park, Doidge Park, and downtown London, this is a rare opportunity to own a beautifully updated family home in one of the city's most sought-after neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$3,847.38/mo
Includes CMHC insurance ($20,922)
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.
867 Colborne 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 $500/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.
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 $3,125 (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.