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139 DELAWARE Street

London East, N5Z 2N6·MLS® X13197860·

Listing courtesy of Team Glasser Real Estate Brokerage INC.·Updated May 29

For sale
1 / 16
2Beds
3Baths
1,100-1,500Sqft
100+Year Built

Listing price

$560,000

Est. $2,667/mo

Days on market

18

Listed May 27, 2026

Description

139 Delaware Street presents a rare opportunity to own a beautifully renovated multi-family property featuring three self-contained 1-bedroom, 1-bathroom units, each thoughtfully updated with modern finishes and private ensuite laundry. Extensively renovated throughout, the property offers newer kitchens, updated flooring, fresh paint, and a clean, contemporary feel in every unit. The rear and lower suites each enjoy their own private fenced outdoor oasis - perfect for relaxing or entertaining. The detached garage has been fully renovated with new siding, roof, garage door, insulation, and air conditioning, creating an ideal workshop, studio, or additional flex space. Ample parking for up to six vehicles. The remaining two units are owner-occupied and will be delivered vacant upon closing, providing excellent flexibility for investors or owner-occupants. Additional updates include a new furnace (2024) and a newer tankless water heater (2022). A turnkey investment opportunity with strong income potential in a versatile and beautifully updated property.

Property details

Garage

1 car Detached

Basement

Partially Finished, Full

Parking

6 spaces

Type

Detached — Bungalow

Heating

Forced Air

AI property estimate

$532,000Below Market
$498,400$565,600

82% confidence · 4 comparable sales analysed

Location & neighbourhood

East M

London East, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,667
Property tax$607
Insurance (est.)$117
Utilities (est.)$250
Total monthly$3,641

Land transfer tax

Ontario LTT

$7,675

First-time rebate

$4,000

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

Price & listing history

May 27, 2026Listed
$560,000

Sold comparables nearby

227 Ellsworth Avenue, London EastSold

$420,000

227 Ellsworth Avenue, London East

3 bd·2 ba·700-1,100 sqft
20 Coventry Avenue, London EastSold

$445,000

20 Coventry Avenue, London East

3 bd·1 ba·700-1,100 sqft

See all 10 comparables

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Market conditions · East M

Buyer's marketBalancedSeller's market

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

$2,240

Rental yield

4.8%

Est. cash flow

-$1,401

Cap rate

3.2%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$136,530

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$532,000

Below Market

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