391 ADMIRAL Drive, London East

Price: $649,900

6 bedrooms, 3 bathrooms

1,100 - 1,499 sqft

Property Type: Detached

MLS#: X13506886

Exceptional investment opportunity or ideal mortgage helper! This beautifully detached backsplit offers 6 spacious bedrooms, 3 bathrooms, and fully equipped kitchens with a separate side entrance, providing excellent flexibility for multi-generational living or rental income potential. The finished lower level offers additional living space and privacy for occupants. Enjoy parking for up to 6 vehicles and convenient access to public transit right outside your door, with easy connections to downtown London, Fanshawe College, and Western University. Situated on a generous lot in an established neighbourhood close to schools, shopping, parks, and amenities, this property is an excellent addition to any investment portfolio or a perfect opportunity for owner-occupiers seeking supplemental income potential.

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New Listing
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$649,900 - 391 ADMIRAL Drive, London East

Detached for Sale in London East

New — Listed 7 days ago

Neighbourhood: East I

6Beds
3Baths
1,100 - 1,499Sq Ft
Detached
Property Details
MLS Number
X13506886
Property Type
Detached
Status
active
Days on Site
7
Bedrooms
6
Bathrooms
3
Square Feet
1,100 - 1,499 sqft
Neighbourhood
London East
Listing Brokerage
CENTURY 21 GREEN REALTY INC.
Description

Exceptional investment opportunity or ideal mortgage helper! This beautifully detached backsplit offers 6 spacious bedrooms, 3 bathrooms, and fully equipped kitchens with a separate side entrance, providing excellent flexibility for multi-generational living or rental income potential. The finished lower level offers additional living space and privacy for occupants. Enjoy parking for up to 6 vehicles and convenient access to public transit right outside your door, with easy connections to downtown London, Fanshawe College, and Western University. Situated on a generous lot in an established neighbourhood close to schools, shopping, parks, and amenities, this property is an excellent addition to any investment portfolio or a perfect opportunity for owner-occupiers seeking supplemental income potential.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,334.32/mo

Includes CMHC insurance ($18,132)

$
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5%10%50%

5-yr fixed avg.

Principal: $584,910Interest: $397,255
Mortgage Amount$603,042
Total Interest$397,255
Est. Property Tax$460/mo
Total Cost$1,000,297

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 I

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

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 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.

70
Walk Score
Varies
Price Range

391 ADMIRAL Drive, London East

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,000/mo
Range: $3,400 - $4,600
Cap Rate (ROI)
6.3%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$4,000
Maintenance Fees-$0
Property Tax (est.)-$460
Insurance (est.)-$135
Net Cash Flow+$3,405

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 $591/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.

Excellent Flexibility

With 6 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 3 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 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.

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    391 ADMIRAL Drive, London East | $649,900 | Battaglia Team