$424,900 - 872 Lovett Street, London East
Detached for Sale in London East
109 days on market- MLS Number
- X12601494
- Property Type
- Detached
- Status
- active
- Days on Site
- 109
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Lot Size
- 2,360 sqft
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Welcome to 872 Lovett Street in London, Ontario, a charming, nearly century-old bungalow situated on a quiet corner in a family-friendly pocket, close to parks, schools, shopping, transit, and easy access to the 401. Built in 1926, this thoughtfully cared-for home blends cozy curb appeal with smart, modern updates, making it ideal for young couples seeking their first home or investors looking for a turn-key addition to their portfolio. With 3+1 bedrooms and 2 full bathrooms, this property offers both space and functionality for today's buyers. Inside, you will find a bright and welcoming living room alongside three comfortable bedrooms, all recently refreshed for a timeless and modern feel. The heart of the home, the kitchen, and the full bathroom were completely updated in 2022 with new countertops, sink, flooring, and fixtures, creating a space designed for both style and practicality. That same year, the basement was renovated and includes a versatile fourth bedroom, making the lower level perfect for cozy gatherings, a home office, or a guest space, featuring its own separate entrance. In 2023, further essential upgrades were completed, including a brand-new 200-amp electrical panel, new appliances, backyard fence replacement, and the installation of a damp-proof membrane to ensure long-term comfort and peace of mind. 872 Lovett Street seamlessly combines classic charm with modern efficiency, all within a peaceful and well-connected London location. Whether you are launching into homeownership or expanding your rental portfolio, this property offers dependable comfort, strong investment potential, and the perfect balance of character and convenience.
Estimate your monthly payments for this property
Estimated Payment
$2,179.96/mo
Includes CMHC insurance ($11,855)
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.
872 Lovett 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 $607/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 109 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.
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.
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.