$600,000 - 706 Princess Avenue, London East
Detached for Sale in London East
New — Listed 7 days agoNeighbourhood: East G
- MLS Number
- X13501990
- Property Type
- Detached
- Status
- active
- Days on Site
- 7
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London East
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
Welcome to 706 Princess Avenue, a stunning, fully move in ready character home offering 3 bedrooms, beautifully updated kitchen and bathroom, parking for 3, and a private backyard surrounded by mature trees. Blending timeless heritage charm with the quality and comfort of a complete 2014 renovation, this home is filled with natural light and thoughtful upgrades throughout.The open concept main floor features engineered hardwood, elegant crown moulding, and original 1906 stained glass, including the iconic "706" transom above the front door, and decorative stained glass above the new living room windows beside a cozy gas fireplace. The spacious dining area flows into the gorgeous kitchen with a granite island seating three, abundant cabinetry, tile backsplash, under-cabinet lighting, and pot lights. The original staircase banister adds authentic character.Upstairs are 3 big bedrooms, all with ceiling fans and double door closets. The spacious primary bedroom accommodates a king size bed, features two double door closets, and bright windows. The beautifully finished bathroom offers double sinks and a timeless design, while second floor laundry adds convenience.The lower level provides flexible living space with a rec room, media room, and storage area. Outside, enjoy a fully fenced backyard with mature trees, perennial gardens, a new deck with pergola, natural gas hookup, fire pit, rain barrel, and a large new shed. Relax on the welcoming front porch, a signature feature of the Old East Heritage Conservation District.Other highlights include updated windows throughout (except the original stained glass), custom California shutters, a new furnace installed last November, plus a 2021 heat pump for efficient heating and air conditioning, and licensed trades completing all renovations. Located on a quiet, friendly block within walking distance of award winning parks, restaurants, transit, and everyday amenities, this exceptional home is ready to enjoy.
Estimate your monthly payments for this property
Estimated Payment
$3,078.31/mo
Includes CMHC insurance ($16,740)
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 G
East G 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 G
- •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 G 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.
706 Princess Avenue, London East
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 G
I know East G 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.