$640,000 - 924 Princess Avenue, London East
Detached for Sale in London East
Popular Listing- MLS Number
- X13223490
- Property Type
- Detached
- Status
- active
- Days on Site
- 10
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London East
- Listing Brokerage
- THE REALTY FIRM INC.
Two separate detached homes on one lot! Discover the perfect blend of character, flexibility, and income potential at 924 Princess Avenue. Steps from 100 Kellogg Lane, local breweries, the Western Fairgrounds, and the Artisan Market, this updated property offers unmatched versatility for multi-generational living, investors, or anyone seeking an Airbnb or mortgage-helper opportunity. The main residence features three spacious bedrooms and two full bathrooms, with three separate main-level entrances-ideal for a variety of living configurations. Formerly used as a duplex (currently a single-family), the layout offers a seamless opportunity to convert back to two units if desired. At the rear of the property, a two level detached garage structure has been re-imagined as a bright, loft-style apartment complete with a full kitchen, bathroom, and in-suite laundry. The upper loft level offers open-concept living with room to add additional bedrooms, perfect for guests, tenants, or short-term stays. Updated and well cared for over the years, this property is move-in ready and full of potential. Whether you choose to live in one home and rent the other, accommodate extended family, or expand your investment portfolio, 924 Princess Avenue delivers exceptional flexibility in a rapidly developing area close to Bus Rapid Transit, shopping, dining, and London's vibrant entertainment district.Note: Main House - 1,815 sq. ft.above grade. Garage Loft - 895 sq.ft. above grade. (System limited to show one structure. Details listed are for main house.)
Estimate your monthly payments for this property
Estimated Payment
$3,283.53/mo
Includes CMHC insurance ($17,856)
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.
924 Princess 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 $427/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.
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 $2,667 (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.