$949,000 - 840 Maitland Street, London East
Detached for Sale in London East
New — Listed 5 days agoNeighbourhood: East B
- MLS Number
- X13507972
- Property Type
- Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London East
- Lot Size
- 3,918 sqft
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Exceptional opportunity in London's prestigious Old North, just steps from top-ranked schools, Western University, hospitals, Richmond Row, boutique shopping, and renowned restaurants. This versatile 5+1 bedroom property offers outstanding potential for investors, multi-generational families, or owner-occupants seeking additional income. The main residence features a spacious and thoughtfully designed layout, with 3 bedrooms on the second floor, a 4-piece bathroom, and separate upper-level laundry. The main floor primary bedroom offers a walk-in closet and a walkout to the private backyard, while an additional main-floor bedroom can easily be converted into a home office to suit your needs. A 3-piece bathroom completes the main level. Theself-contained lower-level suite features 1 bedroom, an updated kitchen, comfortable living area, and ensuite laundry, making it ideal for rental income or extended family. A detached heated 2-car garage with electricity adds even more value and future potential. Each unit enjoys its own private outdoor space, and the home can easily be converted back to a single-family residence, with a wet bar already in place in the basement. Potential separate entrance available to the basement. The recent upgrades include: furnace and A/C (2022), upgraded electrical panels in house (200 AMP) and garage in 2022, new kitchen appliances (2020-2022), front deck (2020), garage heather (2022), gas fireplace (2020), built-in electric Napolean fireplace (2022)
Estimate your monthly payments for this property
Estimated Payment
$4,868.86/mo
Includes CMHC insurance ($26,477)
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 B
East B 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 B
- •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 B 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.
840 Maitland 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 $633/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 B
I know East B 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.