$839,900 - 183-185 VANCOUVER Street, London East
Multi-Family for Sale in London East
Popular ListingNeighbourhood: East H
- MLS Number
- X13495070
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 11
- Bedrooms
- 7
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London East
- Listing Brokerage
- SUTTON GROUP - SELECT REALTY
Exceptional investment opportunity featuring side-by-side backsplit semi-detached homes offering approximately 2,000 sq. ft. of living space. The front unit includes a valuable 2-bedroom granny suite, creating excellent income potential and flexible living arrangements for investors or multi-generational families. This well-maintained all-brick property has undergone numerous renovations, including three updated kitchens with quartz and laminate countertops, newer vinyl plank flooring, new windows, updated bathrooms, and modern finishes throughout. The spacious layouts provide comfortable living spaces that appeal to a wide range of tenants and owner-occupants alike. Situated on a generous lot with large private backyards and two separate driveways, the property offers ample parking and outdoor space. The rear unit is currently rented at $2,500 per month, with the tenant scheduled to vacate, providing an opportunity for market-rate rental income or owner occupancy. The front unit is currently rented at $2,100 per month, with additional income potential available through the 2-bedroom granny suite. Whether you're looking to expand your investment portfolio, generate strong rental income, or occupy one unit while benefiting from rental revenue, this versatile property presents outstanding value and future upside.
Estimate your monthly payments for this property
Estimated Payment
$4,309.12/mo
Includes CMHC insurance ($23,433)
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 East H
East H 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 H
- •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 H 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.
183-185 VANCOUVER Street, 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 $560/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.
Excellent Flexibility
With 7 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in London East.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About East H
I know East H 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.
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 $3,500 (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.