486 Hale Street
London East, N5W 1G4·MLS® X13167534·
Listing courtesy of Re/max Centre City Realty INC.·Updated 2 days ago
Listing price
$435,000
Est. $2,072/mo
Days on market
Listed May 24, 2026
Description
Welcome to 486 Hale Street. This 2+1 bedroom, 2 bathroom brick bungalow awaits your personal touches. Ideal for first-time buyers, downsizers, investors, or those seeking easy one-floor living. Step inside where you'll find a foyer, a quaint bedroom, a galley-style bathroom, a second bedroom, and a spacious living room off the eat-in kitchen. The kitchen has been beautifully updated. Some areas of the home feature carpet over hardwood flooring. The partially finished basement includes a family room, a bedroom, a combined bathroom/laundry room, and a utility room. The home is equipped with a high-efficiency furnace and central air. A rear entrance off the basement provides separate access, offering the potential to convert the lower level into a rental opportunity. Additional features include an enclosed sun porch at the back of the property, a generously sized partially fenced yard, and a detached garage with an attached gazebo. The property requires TLC and is being sold "as-is, where-is" with no representations or warranties. Buyers are encouraged to complete their own inspections and due diligence regarding the property and its intended use. Whether you're looking to enter the housing market, downsize into a manageable home, or add to your investment portfolio, this property offers excellent value you don't want to miss.
Property details
Garage
1 car Detached
Basement
Separate Entrance, Partially Finished, Development Potential
Parking
4 spaces
Type
Detached — Bungalow
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Location & neighbourhood
London East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Monthly payment estimate
Land transfer tax
Ontario LTT
$5,175
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$420,000
227 Ellsworth Avenue, London East
Sold$445,000
20 Coventry Avenue, London East
See all 10 comparables
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Market conditions · East N
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
$1,740
Rental yield
4.8%
Est. cash flow
-$1,144
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$108,152
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$435,000
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