$699,900 - 770 Cheapside Street, London East
Detached for Sale in London East
New — Listed yesterdayNeighbourhood: East C
- MLS Number
- X13525906
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London East
- Listing Brokerage
- THE REALTY FIRM INC.
ATTENTION ALL PARENTS that are renting space for your College/University Students. Now You Have The Opportunity to Become the Landlord. This very well maintained, 6 bedroom, fully furnished home is now available to purchase. It's close to Fanshawe College, shopping, buses and schools. Each bedroom is equipped with a Bed, Mattress, Dresser/Wardrobe and a Desk so your tenants can move right in. Five of the rooms will be rented for September leaving only 1 more room to rent. The Primary Bedroom with a 3pc ensuite and walk in closet, 2 more bedrooms and a 4pc bathroom complete the upper level. The main floor has a lovely open concept layout with a spacious living room, dining area, kitchen, 4th bedroom and a 2pc powder room. The basement has 2 more bedrooms, a laundry room, 3pc bathroom and a utility room. A 6 car driveway and oversized 2 car, HEATED garage welcome you when you first arrive and there's a beautiful, large deck in the back overlooking the fully fenced yard with a garden shed for more storage. This property must be seen to appreciate all of the updates it has to offer. DON'T GO ANOTHER YEAR PAYING; GET PAID INSTEAD!!!
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
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 C
East C 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 C
- •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 C 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.
770 Cheapside 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 $467/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 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 C
I know East C 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.