358 Glebe Street
London East, N5W 3T1·MLS® X13116468·
Listing courtesy of Re/max Tri-county Realty INC Brokerage·Updated May 12
Listing price
$424,900
Est. $2,024/mo
Days on market
Listed May 12, 2026
Description
Great Investment Opportunity in the Heart of Downtown London! Centrally located, newly renovated multiplex - an excellent opportunity for investors or multi-generational living. The property features four self-contained units, including two one-bedroom units and two two-bedroom units, each complete with its own kitchen and bathroom, offering flexibility with strong rental potential and 4 parking spots available. Ideally situated close to public transit and surrounded by an abundance of amenities, including restaurants, shopping, the Weekend Market, Fanshawe College, and everything Downtown London has to offer. With a functional layout, and recent updates, this property is move-in ready. Don't miss this opportunity to own a versatile income property in downtown London.
Property details
Basement
Partially Finished, Partial Basement
Parking
4 spaces
Type
Multiplex — 2-Storey
Heating
Forced Air
AI property estimate
82% confidence · 8 comparable sales analysed
Location & neighbourhood
London East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Monthly payment estimate
Land transfer tax
Ontario LTT
$4,973
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$550,000
34 Adelaide Street, London
See all 5 comparables
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Market conditions · East A
Avg. sold price
$682,400
+5.2%
Avg. days on market
18
−3d
Sale-to-list ratio
101.2%
+0.8%
Investment analysis
Est. monthly rent
$1,700
Rental yield
4.8%
Est. cash flow
-$1,123
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$105,862
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$416,827
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