254 East Street, London East, ON

$424,900
MLS#:X10431476
2 beds
2 baths
700-1100 sqft
3.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of East M. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $424,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 35 x 106.5 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available
  • Notable attributes: Storage, Carpet Free, Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

This move-in ready, TURNKEY bungalow is the perfect opportunity for those looking for a low-maintenance home with updates already completed! Start your day with a coffee on the charming covered front porch, then step inside to discover a beautifully renovated interior. The majority of the home was updated in 2017, offering a modern, open-concept living space with high ceilings and laminate floors throughout. The spacious kitchen features sleek stainless steel appliances, a subway tile backsplash, and gorgeous 6x12 ceramic tile flooring. The living room is cozy and welcoming, complete with an electric fireplace. A rare highlight of this home is the large master bedroom, which includes a walk-in closet and a convenient 2-piece ensuite, a true luxury for this price point! The fully finished basement offers additional living space and a bonus room that can easily be adapted to suit your needs whether it's a home office, gym, or extra storage. Outside, the fully fenced backyard is perfect for relaxing or entertaining. It also includes both an oversized storage shed with hydro and a garden shed for all your outdoor tools and gear. The driveway provides parking for up to 3 cars, making this home even more convenient. Located in a sought-after neighborhood close to shopping, schools, parks, and with easy access to HWY 401, this home is the ideal spot to settle in and enjoy life. Don't miss out, homes like this go fast! Book your showing today before its too late!

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Property Summary

This detached home located at 254 East Street, London East is currently for sale and has been available on SousaSells for 604 days. This property is listed at $424,900 with an estimated mortgage of $1,414* per month. It has 2 beds, 2 bathrooms, and is 700-1100 square feet. 254 East Street, London East is in the East M neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 30, 2024
Sold price information is available to members only
Listed Date11/19/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionAluminum Siding
BasementFinished
Lot Size35 × 106.5 Feet
CountyMiddlesex
Annual Tax$2,249.57
Legal DescriptionLOT 27, PLAN 517 LONDON/LONDON TOWNSHIP

Parking & Garage

Parking Spaces3.0
Garage Spaces3
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Place Of Worship, Public Transit, Park, Rec./Commun.Centre, Library, School

Interior Features

Storage, Carpet Free, Primary Bedroom - Main Floor

Security Features

Community Features

Location

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254 East Street, London East, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 254 East Street, London East, ON N5Z 2S2

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in London East.

Configure Loan Settings

Interest Rate4.00%
Down Payment$127,470 (30.0%)
* Minimum Canadian down payment required for this price is $21,245.
Amortization Period30 Years
Estimated Monthly Payment$1,414Based on a loan of $297,430 over 30 years.
Purchase Price$424,900
Loan Amount$297,430
Provincial Land Transfer Tax:$4,973
Total Estimated Closing Taxes:$4,973

About Purchasing a Home in London East, ON

For a property listed at $424,900 in London East, the legal minimum down payment is $21,245 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,973 for this transaction. As this listing is in London East (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,973.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for East M, London East.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$415,242

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

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Secondary Schools

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Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.