553 Quebec Street
London East, N5W 3Y9·MLS® X13171828·
Listing courtesy of Exp Realty·Updated Jun 4
Listing price
$465,000
Est. $2,215/mo
Days on market
Listed May 25, 2026
Description
Amazing Investment Opportunity Located in the heart of London! This turn-key, low-maintenance legal duplex in Old East Village will be an amazing addition to your portfolio. Close to downtown, Western Fair Farmer's Market and all amenities, including bus routes to both Fanshawe College and UWO. Perfect for anyone looking for a spacious, cash-flowing investment or a mortgage helper to ease their payments. This building features 2 spacious units and has an extensive list of recent updates: Three Hydro meters and updated Electrical Panels (2022), Roof (2014), Siding/eavestrough/soffits/fascia (2021), Updated plumbing (2021), Furnace (2019), Fence (2020-2021). In addition, there is a coin-operated shared laundry and plenty of parking. Separate entrances for both units and the full unfinished basement for storage/workshop. Both units are rented to high-quality A+ tenants for a $1650 & $1550 per month which comes to total income of $3200 monthly.
Property details
Basement
Full, Unfinished
Parking
4 spaces
Type
Duplex — 2-Storey
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
$5,775
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$449,900
10 LINWOOD Street, London East
Sold$498,500
636 Queens Avenue, London East
See all 10 comparables
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Market conditions · East G
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
$1,860
Rental yield
4.8%
Est. cash flow
-$1,205
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$114,953
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$465,000
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