Home of the Week: 793 Lorne Avenue

793 Lorne Avenue: $479,900 for a spacious yellow brick century home in the heart of Old East Village

Address: 793 Lorne Avenue
Neighbourhood: Old East Village
Agent: A Team London
Price: $479,900

The Place

A four-bedroom, two-bathroom century home in Old East Village.

The Details

As we often read and hear about London’s current real estate market, there are many buyers sitting on the sidelines. A big part of the reason is economic trends ― interest rates, macroeconomic forecasts, tariffs, affordability, etc. It’s a decent wager to say that a lot of buyers are waiting for the right options.

Think about a young, urban family who’ve maybe lived most of their adult lives renting in walkable, core neighbourhoods. Buying often means one of two directions: out to the suburbs, where their dollar goes a bit further, but potentially at the expense of their lifestyle and walkability; or into the condo market, which might keep them in a preferred neighbourhoods, but at the expense of condo fees and square footage.

So, when you get a property like this one ― a four-bed, two-bath single family home in an urban neighbourhood and oozing with century home character ― comes along at under $500,000, you’ve got a hot commodity on your hands. As A Team London broker Chris Costello points out: “Not a condo, and not a compromise. Skip the elevators and condo fees.”

The home itself is a classic, yellow-brick century home. Out front you’ve got an inviting front porch with a big front window, beautiful brickwork and an arched transom with stained glass. Step inside and you’re immediately greeted by rich wood trim, hardwood floors, solid stained wood doors and lots of natural light. The living room, at the front of the home, is large and spacious, and flows directly into the formal dining room, which features plenty of floor space.

The bright, eat-in kitchen delivers plenty of cabinet space, laminate countertops, stainless-steel appliances, a double sink and a pantry closet. Through the kitchen and towards the back of the home is a warm, wood sunroom overlooking the backyard ― a perfect space for relaxing, reading or having a morning coffee, but has equal potential if you wanted a sunnier home office room.

Upstairs features four bedrooms, which gives you a lot of flexibility depending on the size of your household. The primary suite is situated at the front of the home, while the other three bedrooms offer plenty of space for a growing family and guests, and the option to easily convert one or more into alternate uses. The shared bathroom has a delightful retro charm ― avocado green tiles, checkered tile flooring and a vintage salmon pink porcelain sink.

Adding to the overall terrific value here is a wonderful urban backyard, which features a segregated stone patio space, perfect for the BBQ and outdoor seating, followed by a large green space with mature trees providing shade to the whole space. It’s fenced in, offering lots of privacy, and it has a small storage shed at the back.

There are plenty of under-the-hood improvements here as well, with new electrical installed this year, a furnace and water heater that are less than five years old, plus a new roof addition and fresh carpeting all done over the last few years. And if you somehow haven’t heard yet, there is quite a lot of activity going on in the area ― OEV’s vintage vibe is quickly gaining traction among first-time homebuyers and young professionals, Anderson Craft Ales and London Brewing Co-operative are withing easy walking distance, as is all of the dining and entertainment options at 100 Kellogg Lane. Plus, the Western Fair District is nearby, and we’re also hearing something about a new hotel in the area…

The Tour

Big Selling Point

A ton of character at a great price make this property an outstanding value opportunity.  

By the Numbers

• 4 bedrooms
• 2 bathrooms
• 2 storeys
• 1 sunroom
• 2 parking spaces
• 23- by 150-foot lot
• 1 storage shed
• 1,500-2,000 square feet
• $2,580 annual property tax

---

Disclaimer: Although we try to provide the most up-to-date information available, we cannot guarantee features or availability as listed. Please contact the realtor for latest details.