218 Vancouver Street, London East

Price: $499,900

3 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: X13478550

You will love this affordable and well-maintained 2+1 bedroom bungalow located in the popular Argyle neighbourhood. Situated on a generous lot, this home offers plenty of space for first-time buyers, downsizers, or investors alike. The main floor features a bright and functional layout, while the fully finished lower level, completed in 2023, adds valuable living space with super intriguing and durable epoxy flooring, a 2-piece bathroom, and an additional bedroom or office. Major updates include newer windows, a roof replaced in 2020, and spray foam insulation on the lower foundation walls and rim joists for improved energy efficiency and comfort. Enjoy the added living space provided by the rear sunroom and deck, perfect for relaxing or entertaining. Large rear yard, enjoy summer nights around the fire pit. With room to add your own personal touches and continue building equity, this home offers exceptional value in a family-friendly neighbourhood close to schools, parks, shopping, and amenities. Don't miss this opportunity.

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$499,900 - 218 Vancouver Street, London East

Detached for Sale in London East

Popular Listing

Neighbourhood: East H

3Beds
2Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
X13478550
Property Type
Detached
Status
active
Days on Site
14
Bedrooms
3
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
London East
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
Description

You will love this affordable and well-maintained 2+1 bedroom bungalow located in the popular Argyle neighbourhood. Situated on a generous lot, this home offers plenty of space for first-time buyers, downsizers, or investors alike. The main floor features a bright and functional layout, while the fully finished lower level, completed in 2023, adds valuable living space with super intriguing and durable epoxy flooring, a 2-piece bathroom, and an additional bedroom or office. Major updates include newer windows, a roof replaced in 2020, and spray foam insulation on the lower foundation walls and rim joists for improved energy efficiency and comfort. Enjoy the added living space provided by the rear sunroom and deck, perfect for relaxing or entertaining. Large rear yard, enjoy summer nights around the fire pit. With room to add your own personal touches and continue building equity, this home offers exceptional value in a family-friendly neighbourhood close to schools, parks, shopping, and amenities. Don't miss this opportunity.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,564.75/mo

Includes CMHC insurance ($13,947)

$
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5%10%50%

5-yr fixed avg.

Principal: $449,910Interest: $305,567
Mortgage Amount$463,857
Total Interest$305,567
Est. Property Tax$354/mo
Total Cost$769,424

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: East H

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

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

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.

70
Walk Score
Varies
Price Range

218 Vancouver 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)
5.6%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$354
Insurance (est.)-$104
Net Cash Flow+$2,342

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 $714/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.

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.

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 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.

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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    218 Vancouver Street, London East | $499,900 | Battaglia Team