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202 Michaelmas Street

London East, N5Y 1N1·MLS® X13118206·

Listing courtesy of Pc275 Realty INC.·Updated Jun 1

For sale
1 / 32
2Beds
2Baths
700-1,100Sqft
51-99Year Built

Listing price

$599,900

Est. $2,857/mo

Days on market

33

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

$618,497Above Market
$582,503$654,491

82% confidence · 8 comparable sales analysed

Location & neighbourhood

Huron Heights

London East, ON

Large northeast area with schools, parks, and diverse housing near Fanshawe College.

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,857
Property tax$650
Insurance (est.)$125
Utilities (est.)$250
Total monthly$3,882

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

May 12, 2026Listed
$599,900

Sold comparables nearby

26 Apeldoorn Crescent, London EastSold

$435,000

26 Apeldoorn Crescent, London East

2 bd·2 ba·1,100-1,500 sqft
755 Victoria Street, London EastSold

$555,000

755 Victoria Street, London East

3 bd·2 ba·1,100-1,500 sqft

See all 10 comparables

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Market conditions · East C

Buyer's marketBalancedSeller's market

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

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$145,577

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$618,497

Above Market

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