99 Inkerman Street, London East

Price: $410,000

3 bedrooms, 2 bathrooms

1,500 - 1,999 sqft

Property Type: Multi-Family

MLS#: X13151812

Welcome to 99 Inkerman St - the versatile home you've been waiting for! Formerly a registered duplex, this property offers exceptional flexibility for investors, first-time buyers, and multi-generational families alike. Whether you're looking for added income potential, space for extended family, or separate living quarters for older children, this home delivers endless possibilities. Inside, you'll find updated kitchens and bathrooms on both levels, beautiful hardwood flooring throughout much of the main floor, and durable laminate and tile upstairs. The functional layout provides comfortable, private living spaces while maintaining a warm and inviting feel throughout. Step outside to enjoy the generous backyard, complete with a detached single garage - perfect for extra parking, storage for seasonal toys, or creating your own workshop or hobby space. Opportunities like this don't come along often - make sure 99 Inkerman St is at the top of your must-see list!

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$410,000 - 99 Inkerman Street, London East

Multi-Family for Sale in London East

3Beds
2Baths
1,500 - 1,999Sq Ft
Multi-Family
Property Details
MLS Number
X13151812
Property Type
Multi-Family
Status
active
Days on Site
27
Bedrooms
3
Bathrooms
2
Square Feet
1,500 - 1,999 sqft
Neighbourhood
London East
Listing Brokerage
LPT REALTY
Description

Welcome to 99 Inkerman St - the versatile home you've been waiting for! Formerly a registered duplex, this property offers exceptional flexibility for investors, first-time buyers, and multi-generational families alike. Whether you're looking for added income potential, space for extended family, or separate living quarters for older children, this home delivers endless possibilities. Inside, you'll find updated kitchens and bathrooms on both levels, beautiful hardwood flooring throughout much of the main floor, and durable laminate and tile upstairs. The functional layout provides comfortable, private living spaces while maintaining a warm and inviting feel throughout. Step outside to enjoy the generous backyard, complete with a detached single garage - perfect for extra parking, storage for seasonal toys, or creating your own workshop or hobby space. Opportunities like this don't come along often - make sure 99 Inkerman St is at the top of your must-see list!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,103.51/mo

Includes CMHC insurance ($11,439)

$
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5%10%50%

5-yr fixed avg.

Principal: $369,000Interest: $250,615
Mortgage Amount$380,439
Total Interest$250,615
Est. Property Tax$290/mo
Total Cost$631,054

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.

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Neighbourhood Guide: London East

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

99 Inkerman Street, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
7.1%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$290
Insurance (est.)-$85
Net Cash Flow+$2,425

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $273/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 27 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.

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.

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