626 First Street #505
London East, N5V 2A2·MLS® X13214794·
Listing courtesy of Sutton Group - Select Realty·Updated yesterday
Listing price
$349,000
Est. $1,662/mo
Days on market
Listed May 29, 2026
Description
Investment opportunity! This top-floor condo is conveniently located across from Fanshawe College. is offered turn-key and currently retrofit to accommodate 4 single student rental rooms, kitchen and 2 full baths. Can also be easily reversed back to a single family unit. All bedroom furnishings are included - smart tv's, beds, desks, bookshelves and more! The solid brick building is equipped with an elevator and security cameras throughout. A helpful on-site building manager, 1 assigned parking spot, and water are also included. Other amenities include restaurants, stores, parks, and transportation.
Property details
Basement
None
Parking
1 spaces
Type
Condo Apartment — 1 Storey/Apt
Heating
Baseboard
AI property estimate
82% confidence · 4 comparable sales analysed
Monthly payment estimate
Land transfer tax
Ontario LTT
$3,710
First-time rebate
−$3,710
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Market conditions · East H
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
$1,396
Rental yield
4.8%
Est. cash flow
-$967
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$88,623
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$335,040
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