$579,900
For sale: Detached

Exceptional Investment Opportunity in Old East London! This well-maintained income property offers an excellent opportunity for first-time buyers and investors alike, featuring Seprate Entrance four parking spaces, a private fenced yard, and convenient on-site laundry. Both the main-floor and lower-level units offer strong rental potential and the opportunity for immediate income. Recent updates include fresh paint, a newer roof, high-efficiency furnace, and air conditioning, providing added comfort and peace of mind. Ideally located within walking distance of Silverwood Arena, St. Julien Park, schools, shopping, public transit, and other everyday amenities, this property combines convenience with excellent investment potential, with estimated rental income of approximately $3,800 per month including Upper and lower portion . A great opportunity to own an income-generating property in a growing and desirable London neighbourhood.
Sold data
Detached homes in London East (East M) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 49, across 750 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.
The median sale price was $629,900.
Homes sold for about 2.9% below asking on average, so there was room to negotiate.
About 11% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
Based on 750 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
London East (East M) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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