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For sale
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$525,000

Est. $2,460/mo mortgage

0bd·2ba·1,500-2,000sqft

47 Boullee Street · London East, N5Y 1T5

MLS® X12887600

193 days on market193 days on market

Listed Mar 16, 2026

Listing courtesy of Royal Lepage Triland Realty·Updated Sep 9

Description

Well-maintained community building located on Boullee Street, just north of Oxford Street, offering a rare opportunity with R1-5 zoning and legal non-conforming use as a meeting/banquet hall. Formerly home to Boy Scouts Canada and currently used by a Church, this versatile property is ideally suited for community groups, faith organizations, private gatherings, or adaptive reuse. The building features approximately 1,725 sq. ft. on the main floor, including a spacious meeting/banquet hall, two washrooms, and a fully equipped commercial kitchen complete with two stoves. The finished lower level provides an additional 750 sq. ft. of private gathering space, along with two storage rooms, a furnace room, pump room, and two stairwells for convenient access. Recent updates include storage shed, roof shingles and an air-conditioning unit. The site measures 63' x 124' and offers on-site parking for approximately 12-15 vehicles. Located in an affordable North-East neighbourhood close to schools, parks, shopping, and public transit, the property also presents potential for other uses or development.

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Property details

Interior

Size
1500-2000 sqft
Rooms
3 rooms
Bathrooms
2 × 2-piece on Basement
Basement
Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Lot size
63 × 123.7 ft · < .50 acres
Exterior
Brick, Vinyl Siding
Foundation
Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Driveway
Available, Private (16 spaces)
Parking
16 spaces

AI property estimate

$637,114Estimate is ~21.4% above asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$573,403$700,825

72% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Argyle

London East, ON

Expansive east London district with parks and a wide range of affordable to mid-range housing.

Monthly paymentest. $3,135/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,460
Property tax$316
Insurance (est.)$109
Utilities (est.)$250
Total monthly$3,135
Land transfer tax$6,975 on closing

Ontario LTT

$6,975

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

Listed 2 times

$525,000

Listed Mar 16, 2026

On the market
$525,000

Listed Mar 16, 2026

On the market

Sold comparables nearby

1026 York Street, London EastSold

1026 York Street, London East

1 bd·1 ba·< 700 sqft
75 Connaught Avenue, London EastSold

75 Connaught Avenue, London East

1 bd·1 ba·700-1,100 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in Argyle

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 96.3% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$428,333

Sale-to-list ratio

96.3%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $130,000 household income

Minimum household income required

$130,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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