172 Gammage Street
London East, N5Y 2B3·MLS® X13157276·
Listing courtesy of Thrive Realty Group INC.·Updated May 25
Listing price
$349,900
Est. $1,666/mo
Days on market
Listed May 21, 2026
Description
Located in the east end directly across from Knollwood Park PS, this bungalow offers a great opportunity for buyers looking to get into the market and add their own touches, or for a savvy investor looking to add to their portfolio. Featuring a ***single car garage***, functional layout and a nice-sized fenced lot, there's plenty of potential here at a great price point. Backyard door leads directly to the partially finished basement - could be an easy suite conversion! Conveniently situated near a bus route and close to grocery stores, shopping, parks, and everyday amenities, this location makes daily life easy. A solid option for first-time buyers, investors, or anyone looking for a home with good bones at an approachable price point.
Property details
Garage
1 car Detached
Basement
Partially Finished, Full
Parking
2 spaces
Type
Detached — Bungalow
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
$3,724
First-time rebate
−$3,724
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$643,000
996 Waterloo 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
$1,400
Rental yield
4.8%
Est. cash flow
-$969
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$88,820
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$360,747
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