53#1625 PURSER Street
London East, N5V 0A7·MLS® X13215390·
Listing courtesy of Initia Real Estate·Updated 5 days ago
Listing price
$474,900
Est. $2,262/mo
Days on market
Listed May 29, 2026
Description
This move-in-ready, multi-level townhome by Rembrandt Homes in North East London offers exceptional value through its functional five-level layout, premium upgrades like hardwood flooring and a quartz kitchen island, and low condo fees for maintenance-free living. Featuring three bedrooms, 2.5 bathrooms, a finished lower level, and an attached garage with inside entry, this bright and immaculate unit is perfect for buyers looking to build equity rather than rent. Its strategic proximity to Western University, Fanshawe College, University Hospital, and local shopping plazas makes it highly attractive for both first-time homebuyers and savvy real estate investors looking for a turn-key property.
Property details
Garage
1 car Attached
Basement
Partially Finished, Walk-Up
Parking
2 spaces
Type
Condo Townhouse — Stacked Townhouse
Heating
Forced Air
AI property estimate
82% confidence · 8 comparable sales analysed
Location & neighbourhood
London East, ON
Large northeast area with schools, parks, and diverse housing near Fanshawe College.
Monthly payment estimate
Land transfer tax
Ontario LTT
$5,973
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$570,000
140 - 177 Edgevalley Road, London East
Sold$447,000
4 - 1535 Trossacks Avenue, London North
See all 10 comparables
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Market conditions · East A
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
-$1,225
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$117,199
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$465,877
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