483 Clarke Road
London East, N5V 2C8·MLS® X13142738·
Listing courtesy of Streetcity Realty INC.·Updated May 19
Listing price
$549,900
Est. $2,619/mo
Days on market
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
82% confidence · 8 comparable sales analysed
Monthly payment estimate
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
Sold comparables nearby
Sold$572,000
1853 Royal Crescent, London East
Sold$495,000
1548 Dale Street, London East
See all 10 comparables
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Market conditions · East H
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
Affordability
Minimum household income required
$134,241
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$566,947
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