202 Michaelmas Street
London East, N5Y 1N1·MLS® X13118206·
Listing courtesy of Pc275 Realty INC.·Updated Jun 1
Listing price
$599,900
Est. $2,857/mo
Days on market
Listed May 12, 2026
Description
Custom designed for investors and first-time home buyers, located within a 5-minute drive from Fanshawe College main campus. This detached, turn-key raised bungalow in Huron Heights features 5 bedrooms, 2 kitchens, an oversized lot, plenty of parking, an oversized garage with plenty of storage, back deck, new furnace (2024), new on-demand water heater (2022), and more. Highly desirable neighborhood with convenient amenities nearby including nearby bus stop, walking distance to shopping and restaurants. Perfect opportunity to generate positive cash flow from this turn key Investment or do house hacking and have someone else pay for your mortgage!
Property details
Garage
2 car Attached
Basement
Finished with Walk-Out, Finished, Walk-Out
Parking
6 spaces
Type
Detached — Bungalow-Raised
Heating
Forced Air
AI property estimate
82% confidence · 8 comparable sales analysed
Location & neighbourhood
London East, ON
Large northeast area with schools, parks, and diverse housing near Fanshawe College.
Monthly payment estimate
Land transfer tax
Ontario LTT
$8,473
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$435,000
26 Apeldoorn Crescent, London East
Sold$555,000
755 Victoria Street, London East
See all 10 comparables
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Market conditions · East C
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
$2,400
Rental yield
4.8%
Est. cash flow
-$1,482
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$145,577
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$618,497
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