219 Fairway Avenue
London East, N5W 1J2·MLS® X13208490·
Listing courtesy of Re/max Centre City Realty INC.·Updated May 31
Listing price
$475,000
Est. $2,262/mo
Days on market
Listed May 28, 2026
Description
Get here fast-this one is priced to sell. Solid brick bungalow on private mature lot on a very quiet street in Fairmont, one of East London's prettiest, mature subdivisions. Excellent floorplan-this one has been modified from a 3 bedroom on the main floor to a two bedroom, now with an open, formal dining room/area off the updated eat-in kitchen featuring maple shaker cabinetry. Could easily be converted back to 3 bedrooms if desired. Replacement windows throughout. Bright & spacious living room features original hardwood flooring & a 3 season sunroom off the dining room offers a relaxing space overlooking the very private rear yard. Lower level space is excellent with an abundance of windows: very spacious family room with gas fireplace (requires pilot burner assembly) & two windows for lots of natural light, as well as an additional spacious room (also with 2 windows) that could easily be a 3rd bedroom with installation of an egress window, an oversized 2 piece bathroom large enough to be renovated to 3 piece with shower & an additional office or storage room. Separate side entrance to lower level makes for nice setup for income or possible suite in basement. Newer furnace & air (August/24) & an excellent detached garage or workshop with excellent electrical as well as its own separate gas furnace (owner has not used garage furnace in approximately 12 years & makes no warranties or representations on it). Super value here & an excellent opportunity to increase value and build equity. Why look at semi-detached when you can own fully detached at the same price point?
Property details
Garage
1 car Detached
Basement
Full, Finished
Parking
4 spaces
Type
Detached — Bungalow
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Monthly payment estimate
Land transfer tax
Ontario LTT
$5,975
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 O
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
$1,900
Rental yield
4.8%
Est. cash flow
-$1,226
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$117,221
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$475,000
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