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For sale
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$387,900

Est. $1,817/mo mortgage

3bd·1ba·700-1,100sqft

582 Hill Street · London East, N6B 1G1

MLS® X13194462

119 days on market119 days on market

Listed May 27, 2026

Listing courtesy of Sutton Group - Select Realty·Updated Jun 15

Description

This well-maintained 3-bedroom bungalow has received several updates in recent years, including the shingles, furnace, ductwork, electric breaker panel, flooring (no carpets), central air conditioning, kitchen, and pantry. The property also features a wood deck with a gazebo and owned hot water heater. Additionally, the enclosed front porch serves as an excellent three-season space.The backyard is fully fenced and flat, extending nearly 200 feet. The outdoor space includes a shed and a 12' x 12' workshop equipped with hydro. The current owners are moving out of town and can be very flexible regarding the possession date. The home is conveniently located close to all local amenities.

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Property details

Interior

Interior
700-1100 sqft
Rooms
5 rooms
Bathrooms
1 × 4-piece on Main
Basement
Unfinished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Age
100+ years
Lot size
33 × 198.99 ft
Exterior
Vinyl Siding
Foundation
Block
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Driveway
Available (3 spaces)
Parking
3 spaces

Fees & taxes

Property tax
$3,101/yr (2025)

AI property estimate

$365,000Estimate is ~5.9% below asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$328,500$401,500

74% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Old East Village

London East, ON

Vibrant arts district with walkable streets and character homes.

Monthly paymentest. $2,382/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,817
Property tax$234
Insurance (est.)$81
Utilities (est.)$250
Total monthly$2,382
Land transfer tax$4,294 on closing

Ontario LTT

$4,294

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$387,900

Listed May 27, 2026

On the market

Sold comparables nearby

367 Maitland Street, London EastSold

367 Maitland Street, London East

3 bd·2 ba·2,000-2,500 sqft
479 Woodman Avenue, London EastSold

479 Woodman Avenue, London East

2 bd·1 ba·700-1,100 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in Old East Village

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 94% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$408,583

Sale-to-list ratio

94%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $97,000 household income

Minimum household income required

$97,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin
Rental market$2,200/mo median for 3 bed nearby

$2,200/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 60 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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