1032 TRAFALGAR STREET, London East (East M)

$384,900

For sale: Detached

Detached at 1032 TRAFALGAR STREET, London East (East M)
Property type
Detached
Bedrooms / bathrooms
2 bedrooms, 2 bathrooms
Living area
1,100 sqft
MLS®
MLS® X13847638
Neighbourhood
East M

Finally! An affordable detached brick home at $384,900, PLUS an additional licensed income suite (vacant) projected at $1,450 a month and the potential to buy with as little as 5% down (about $19k) for a qualified owner-occupant. Minutes to downtown, own your own detached home without giving up location. Live on one floor and let the other help carry the mortgage. The main and upper levels are each fully self-contained with a full kitchen, living room, bedroom and bathroom, both are carpet free, and a City of London rental licence is already in place for both units. With full vacancy on possession, you pick your own tenant at today's rents instead of inheriting someone else's lease, or have an entire suite available for your family! The full unfinished basement has its own separate entrance, giving you storage and room to grow. Rear parking for three vehicles, an owned water heater, two fridges, two stoves, and washer and dryer are all included, and annual taxes are just $2,366. No rental water heater, no inherited tenancy, no below-market lease. Just a detached home on a 26 x 96 ft lot that pays you back!

Sold data

Homes in East M — recent sold market

Homes in East M took a median of 22 days to sell over the last 365 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 43, across 90 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 35 days.

The median sale price was $399,900.

Homes sold for about 2.6% below asking on average, so there was room to negotiate.

About 17% of sales closed above the list price.

Around 21% of sellers reduced their price before finding a buyer.

Median days to sell
22
Median sale price
$399,900
Sale-to-list ratio
97.4%
Sold above asking
17%

Based on 90 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London East (East M)

London East (East M) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.

Rated schools
116
Elementary
97
Secondary
19
Average rating
5.5 / 10

Top-rated schools in London East (East M)

  • John Dearness — elementary, LondonFraser rating 9.8/10
  • St George — elementary, LondonFraser rating 9.1/10
  • Jack Chambers — elementary, LondonFraser rating 8.8/10
  • Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
  • London Central — secondary, LondonFraser rating 8.7/10
  • Ryerson — elementary, LondonFraser rating 8.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1032 TRAFALGAR STREET