233 BERNARD Avenue
London East, N6A 2M9·MLS® X13132208·
Listing courtesy of Century 21 First Canadian Corp·Updated Jun 2
Listing price
$599,900
Est. $2,857/mo
Days on market
Listed May 15, 2026
Description
Great investment opportunity. Walk distance the Western University and King's University ! Excellent rental layout with City rental permit. Leased to 4 student tenants (A+ Western University female students) until April 30, 2027, Gross Income $40800/year ($3400/month, including maximum $300 utility/month). 5 bedrooms and 2.5 bathrooms. Main level has updated kitchen, living room, dining room, 2 bedrooms (one bedroom currently used as Rec room) and a 4 piece bathroom. The upper level has 2 bedrooms, one office and a 2 piece bathroom. Lower level has one bedroom, a 3-piece bath, a family room, Rec Room and laundry. Newer kitchen, fridge, central air with newer high efficiency furnace; most windows upgraded, electrical panel upgraded to breakers; Many recent upgrades: floor (2017), Main level bathroom (2017), 30 years long-life roof shingles (2020), lights (2022), washer and dryer (2024), dishwasher (2025), basement bathroom (2025). Turn key investment property in university neighborhood!
Property details
Basement
Full, Finished
Parking
2 spaces
Type
Detached — 1 1/2 Storey
Heating
Forced Air
AI property estimate
82% confidence · 8 comparable sales analysed
Location & neighbourhood
London East, ON
Established subdivision east of Masonville surrounded by the Stoney Creek Valley.
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$643,000
996 Waterloo Street, London East
Sold$585,000
543 Elmdale Avenue, London North
See all 10 comparables
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Market conditions · East B
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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