$599,900 - 226 Rainbow Avenue, London East
Detached for Sale in London East
New — Listed 6 days agoNeighbourhood: East N
- MLS Number
- X13501940
- Property Type
- Detached
- Status
- active
- Days on Site
- 6
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London East
- Listing Brokerage
- THE REALTY FIRM INC.
Welcome to this hidden gem with a POOL in East London's established Argyle neighbourhood. Offering exceptional curb appeal, this well-maintained bungalow welcomes you with a wide driveway, mature landscaping, and covered entry leading into a bright, elevated foyer. From there, step into the inviting living room, where hardwood floors, expansive windows, and a cozy gas fireplace create a warm and welcoming atmosphere. The well-appointed eat-in kitchen features ample cabinet and counter space, black appliances, and a spacious island with breakfast bar seating and built-in drawer storage. Large windows overlook the backyard and in-ground pool, while patio doors provide seamless access to the patio for effortless indoor-outdoor living. Just off the kitchen, the dedicated dining room offers hardwood flooring and plenty of space for family dinners and entertaining. Completing the main level are two comfortable bedrooms with hardwood flooring and 3-piece bathroom with granite countertop and tiled shower. The finished lower level extends the home's living space with a large primary bedroom featuring a cozy gas fireplace. This level also includes a generous family room, laundry room, and beautifully updated 4-piece bathroom complete with a separate glass shower, soaker tub, and elegant wainscoting. The backyard is nothing short of spectacular. This fully fenced outdoor oasis is built for unforgettable summers, showcasing a sparkling in-ground pool surrounded by an expansive stamped concrete patio with plenty of space to lounge, dine, and entertain. Complete with a gas BBQ hookup, hot tub connection, storage shed, and gated access, this is the kind of backyard you'll never want to leave. Ideally located in the family-friendly Argyle neighbourhood, you'll enjoy convenient access to East Lions Community Centre, parks, schools, restaurants, shopping at Argyle Mall, and everyday amenities, with major highways and the airport just a short drive away.
Estimate your monthly payments for this property
Estimated Payment
$3,077.80/mo
Includes CMHC insurance ($16,737)
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 N
East N 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 N
- •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 N 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.
226 Rainbow Avenue, 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 $545/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.
Just Listed - Act Strategically
This property hit the market within the last week. In London East's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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 N
I know East N 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 $2,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.