693 Kipps Lane
London East, N5Y 4R5·MLS® X13220358·
Listing courtesy of Thrive Realty Group INC.·Updated Jun 3
Listing price
$479,900
Est. $2,286/mo
Days on market
Listed Jun 1, 2026
Description
Great opportunity for buyers looking to add their own personal style and build equity! This solid 3-bedroom home offers convenient one-floor living and features a bright living room with an original fireplace, plus hardwood flooring hidden beneath the carpet in the living and dining rooms. The eat-in kitchen overlooks a large mature private backyard backing onto a school yard, creating a peaceful setting with no rear neighbours. The lower level offers excellent potential for additional living space with just a little TLC. An attached garage large enough to accommodate a full-size vehicle adds to the home's functionality and appeal. A fantastic opportunity to create the home you've been envisioning!
Property details
Garage
1 car Attached
Basement
Full, Partially Finished
Parking
3 spaces
Type
Detached — Bungalow
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
$6,073
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$435,000
26 Apeldoorn Crescent, London East
Sold$643,000
996 Waterloo Street, London East
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
$1,920
Rental yield
4.8%
Est. cash flow
-$1,236
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$118,332
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$494,777
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