$345,000
Est. $1,616/mo mortgage
1138 Kipps Lane #5 · London East, N5Y 5K6
MLS® X13108288
Listed May 10, 2026
Listing courtesy of Elgin Realty Limited·Updated Jul 3
Description
Welcome to this beautifully maintained two-storey townhouse located in The Meadows. Whether you're a first-time home buyer, growing family, or investor, this home offers incredible value with low property taxes and a fantastic location. This home is conveniently located between Western University and Fanshawe College. This spacious 3-bedroom condo features a large primary bedroom, along with a finished lower-level rec room that provides extra living or entertaining space with a partially finished third bathroom waiting for your finishing touches. Additional features include a high-efficiency gas furnace, central air conditioning. Two parking spaces are included, plus ample visitor parking.Close to excellent schools, shopping, public transit, parks, trails, and hospitals, this property offers comfort, convenience, and strong investment potential in one of London's most sought-after areas.
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Property details
Interior
- Interior
- 1200-1399 sqft
- Rooms
- 11 rooms
- Bathrooms
- 1 × 2-piece on Main, 1 × 4-piece on Second, 1 × 3-piece on Basement
- Basement
- Finished
- Heating
- Forced Air
- Cooling
- Central Air
- Laundry
- N
Building & lot
- Type
- Condo Townhouse, 2-Storey
- Exterior
- Vinyl Siding, Brick
- Exposure
- South
Parking
- Parking
- 2 spaces
- Locker
- None
Fees & taxes
- Condo fee
- $460/mo
- Pets
- Yes-with Restrictions
- Property tax
- $1,945/yr (2026)
- Corporation
- MCC 164
- Managed by
- Thorne PM
Rooms
Main
- Dining Room
- 3.35 × 2.71 m
- Kitchen
- 3.35 × 2.59 m
- Bathroom, 2 Pc Bath
- 1.37 × 1.22 m
- Living Room
- 6.5 × 5.1 m
Second
- Primary Bedroom
- 4.11 × 4.11 m
- Bedroom 3
- 4.72 × 2.56 m
- Bedroom 2
- 3.66 × 2.44 m
- Bathroom, 4 Pc Bath
- 2.99 × 1.49 m
Basement
- Recreation
- 5.09 × 4.63 m
- Bathroom, 3 pc bath, partly finished
- 1.5 × 2.96 m
- Utility Room
- 3.5 × 3.05 m
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
79% confidence · 39 sold homes within 2 km, by price per sq ft
Location & neighbourhood
DirectionsLondon East, ON
Large northeast area with schools, parks, and diverse housing near Fanshawe College.
Monthly paymentest. $2,606/mo all in
Monthly payment estimate
Land transfer tax$3,650 on closing
Ontario LTT
$3,650
First-time rebate
−$3,650
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed May 10, 2026
Sold comparables nearby
Sold$225,000
11 - 311 Vesta Road, London East
Sold$496,000
120 - 177 Edgevalley Road, London East
See what these 6 homes sold for
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Market conditionsBuyer's market in London East
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 96.4% of asking.
Avg. sold price
$389,667
Sale-to-list ratio
96.4%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $87,000 household income
Minimum household income required
$87,000
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.
Not sure about financing? Ask Colin →Rental market$2,600/mo median for 3 bed nearby
$2,600/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 68 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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