$542,900
For sale: Detached

INVESTMENT OPPORTUNITY STEPS FROM FANSHAWE COLLEGE! Licensed Rental Property in one of London's most sought-after rental locations. This spacious 4-level back-split offers 5+1 bedrooms, 2 full bathrooms, a separate side entrance, and a versatile multi-level layout ideal for investors seeking strong rental potential. The main level features a bright open-concept living, dining, and kitchen area. Upstairs offers 3 bedrooms and a 4-piece bathroom, while the lower level features 2 additional bedrooms, a 3-piece bathroom, and private side entrance. The basement provides a 6th bedroom with newer flooring, plus dedicated laundry and storage areas. Freshly painted with numerous updates, the property also features a fully fenced backyard, attached garage, and additional driveway parking. The layout offers excellent potential for two units, subject to buyer verification and applicable approvals. Conveniently located near Fanshawe College, public transit, shopping, restaurants, and everyday amenities. Aggressively priced for today's market-an excellent opportunity to add a licensed rental property to your investment portfolio! Photos were taken prior to the current tenant moving in.
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.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.
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