$599,000
For sale: Detached

Excellent turnkey investment opportunity near Fanshawe College. This well-maintained, carpet-free home is ideally located just minutes from campus, with easy access to public transit, shopping, grocery stores, and downtown amenities.Currently generating strong cash flow with $5,000 Plus in monthly rental income, this property is perfectly suited for student housing. It features six spacious bedrooms and two full bathrooms, offering a practical and high-demand layout.Recent updates include a newly installed heat pump for efficient year-round comfort. The home also offers a single-car garage, ample driveway parking, and a fully fenced backyard for added privacy and outdoor space.Tenants are already in place and willing to stay, ensuring a smooth and immediate transition for the new owner. A rare chance to secure a high-yield property in a prime, well-connected location. All measurements, dimensions, room sizes, lot sizes and square footage are approximate and have been provided for general information purposes only. Buyer and Buyer's Representative are advised to independently verify all measurements and information that may be material to the Buyer's decision to purchase. Neither the Seller, Listing Brokerage nor Listing Representative makes any representation or warranty regarding the accuracy or completeness of such measurements or information.
Sold data
Detached homes in London East (East D) 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 46, across 778 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.
The median sale price was $629,900.
Homes sold for about 2.8% below asking on average, so there was room to negotiate.
About 14% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 778 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
London East (East D) 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.
Currently for sale

$599,900
Detached14 CRAIG STREET, South E, London South

$485,000
Detached38 TEWSKBURY CRESCENT, East D, London East

$574,900
Detached15 CHARLES STREET, North N, London North

$585,000
Detached82 LANGTON ROAD, East D, London East

$455,000
Detached348 WINNIPEG BOULEVARD, East H, London East

$629,900
Detached185 BURLINGTON STREET, South J, London South

$564,900
Detached1570 HANSULD STREET, East H, London East

$589,900
Detached382 WORTLEY ROAD, South G, London South