$517,000 - 945 Colborne Street, London East
Detached for Sale in London East
- MLS Number
- X13174852
- Property Type
- Detached
- Status
- active
- Days on Site
- 24
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London East
- Listing Brokerage
- RE/MAX ADVANTAGE REALTY LTD.
Attention First-Time Buyers! Welcome to this charming cottage-style bungalow nestled in the heart of sought-after Old North. Ideally located just minutes from Western University, St. Joseph's Hospital, and an easy walk to the shops, dining, and vibrant atmosphere of Richmond Row, this home offers the perfect blend of comfort and convenience. This inviting two-bedroom, one-bathroom home sits on a deep lot backing onto a peaceful schoolyard - providing privacy and plenty of space for gardening, entertaining, or simply relaxing in your own backyard retreat. Inside, you'll find thoughtful updates throughout, including a beautifully renovated kitchen complete with a gas line for the stove, waterline for the fridge, and sliding patio doors leading directly to the backyard - perfect for seamless indoor-outdoor living and summer BBQs. The bathroom features a luxurious heated floor for added comfort. Additional upgrades include a finished rec room/home theatre (2019), shingles (2016), spray foam insulation in the basement (2017), and a furnace with owned water heater (2010). With its superb location, tasteful updates, and cozy charm, this Old North gem is a must-see. Some photos have been virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$2,652.48/mo
Includes CMHC insurance ($14,424)
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.
945 Colborne Street, London East
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $739/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 24 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.
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.
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 $2,154 (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.