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483 Clarke Road

London East, N5V 2C8·MLS® X13142738·

Listing courtesy of Streetcity Realty INC.·Updated May 19

For sale
1 / 36
2Beds
2Baths
< 700Sqft
51-99Year Built

Listing price

$549,900

Est. $2,619/mo

Days on market

26

Listed May 19, 2026

Description

Welcome to 483 Clarke Road - a rare city property offering the ultimate combination of home, shop, and lifestyle. Whether you're a hobbyist, contractor, entrepreneur, or car enthusiast, the impressive 20x36 steel workshop with 19-foot ceilings, 10-foot door, automotive lift, and full electrical service is the kind of setup buyers wait for - all while still enjoying the convenience of city living.This beautifully maintained bungalow features a bright open-concept main floor with soaring vaulted ceilings, skylights, and rich hardwood flooring throughout. The modern kitchen and updated 3-piece bath offer a clean contemporary feel, while the fully finished lower level provides exceptional flexibility with a spacious den, additional bedroom area, office or storage space, and a second full 4-piece bath. All bedrooms feature floor-to-ceiling armoires for functional storage and style.Step outside and discover what truly sets this property apart. A secure enclosed carport with double-wide gates provides access to the incredible detached workshop and expansive rear yard. Beyond the shop, enjoy a private backyard retreat complete with perennial gardens, a brick fire pit, covered patio, additional shed storage, and a 20ft sea-can container - offering endless possibilities for work, storage, hobbies, or entertaining.A one-of-a-kind property delivering space, versatility, and opportunity without leaving the city. Recent updates include central air (2025), roof shingles (2022), and professionally painted exterior (2024).

Property details

Garage

4 car Detached

Basement

Finished

Parking

12 spaces

Type

Detached — Bungalow

Heating

Forced Air

AI property estimate

$566,947Above Market
$533,953$599,941

82% confidence · 8 comparable sales analysed

Location & neighbourhood

East H

London East, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,619
Property tax$596
Insurance (est.)$115
Utilities (est.)$250
Total monthly$3,580

Land transfer tax

Ontario LTT

$7,473

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 19, 2026Listed
$549,900

Sold comparables nearby

1853 Royal Crescent, London EastSold

$572,000

1853 Royal Crescent, London East

3 bd·2 ba·1,500-2,000 sqft
1548 Dale Street, London EastSold

$495,000

1548 Dale Street, London East

3 bd·2 ba·700-1,100 sqft

See all 10 comparables

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Market conditions · East H

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

$2,200

Rental yield

4.8%

Est. cash flow

-$1,380

Cap rate

3.2%

Best time to sell

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

Affordability

Minimum household income required

$134,241

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

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AI estimate

$566,947

Above Market

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