$2,200/mo - 151 Martinet Avenue Unit 60, London East
Condo for Rent in London East
118 days on marketNeighbourhood: East I
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- MLS Number
- X13431728
- Property Type
- Condo
- Status
- active
- Days on Site
- 118
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- London East
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- THE REALTY FIRM INC.
Welcome to 151 Martinet Avenue, Unit 60 an ideal opportunity for first-time buyers, investors, or those looking to enter the London Ontario real estate market with confidence. This 3 bedroom, 1.5 bathroom condo townhouse is located in the established East London neighbourhood, offering low maintenance living with excellent access to everyday amenities. The main level features a bright and spacious living area highlighted by a large bay window that fills the space with natural light. A functional kitchen offers an eat-in area and convenient walkout to a private deck perfect for outdoor relaxation or entertaining. A 2 piece bathroom completes the main floor. Upstairs, three well-proportioned bedrooms provide comfortable living space for families or home office flexibility. The full bathroom offers ample counter space and storage. The finished lower level extends the living space with a versatile rec room, additional den or office area, and a dedicated laundry room with extra storage ideal for growing households or those needing flexible space. This carpet-free home is situated in a quiet, family-friendly complex with green space nearby, creating a welcoming environment for kids and pets. Enjoy close proximity to schools, parks, shopping, public transit, and easy access to Highway 401, making commuting simple and convenient. A fantastic opportunity to lease an affordable, move-in ready home in a well-connected London location.
Discover East I
East I 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 East I
- •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
East I 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.
151 Martinet Avenue Unit 60, London East
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $2,200/mo, this is priced below the typical 3-bedroom rent of ~$3,500/mo in London East. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
Negotiation Opportunity
At 118 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
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.
About East I
I know East I well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.