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1948 Royal Crescent

London East, N5V 1N7·MLS® X13226218·

Listing courtesy of Re/max Centre City Realty INC.·Updated 4 days ago

For sale
1 / 30
3Beds
2Baths
1,100-1,500Sqft
51-99Year Built

Listing price

$499,900

Est. $2,381/mo

Days on market

12

Listed Jun 2, 2026

Description

Welcome to this beautifully maintained bungalow, proudly offered for sale for the first time in years and cared for by only two families since its construction-an exceptional testament to pride of ownership.Nestled on a generous lot in the highly sought-after Argyle neighbourhood, this home presents a rare opportunity for buyers looking for space, comfort, and long-term value. From the moment you arrive, you'll appreciate the durability and peace of mind provided by the metal roof, offering longevity and low maintenance for years to come.Inside, the home features a functional and inviting layout with bright, spacious principal rooms that are perfect for both everyday living and entertaining. The upgraded kitchen is thoughtfully designed, complemented by comfortable living areas that create a warm and welcoming atmosphere throughout.The fully finished basement adds incredible versatility, featuring an updated living space ideal for extended family, a recreation area, or hosting guests-giving you the flexibility today's buyers are looking for.Step outside to a truly standout backyard-expansive, beautifully maintained, and complete with fruit trees. Whether you envision gardening, entertaining, or simply enjoying your own private outdoor retreat, this property delivers.Location is key, and this home does not disappoint. Conveniently situated near everyday essentials including Walmart, Argyle Mall, and Canadian Tire. Families will value the proximity to Lord Nelson Public School and Clarke Road Secondary School, as well as nearby recreational options like Nelson Park and Argyle Arena.Properties offering this combination of lot size, location, and long-term care rarely come to market. This is your chance to secure a solid investment in a well-established and desirable community.Don't miss the opportunity-homes like this don't stay available for long.

Property details

Basement

Full, Finished

Parking

4 spaces

Type

Detached — Bungalow

Heating

Forced Air

AI property estimate

$515,397Above Market
$485,403$545,391

82% confidence · 8 comparable sales analysed

Location & neighbourhood

East I

London East, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,381
Property tax$542
Insurance (est.)$104
Utilities (est.)$250
Total monthly$3,276

Land transfer tax

Ontario LTT

$6,473

First-time rebate

$4,000

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

Price & listing history

Jun 2, 2026Listed
$499,900

Sold comparables nearby

1853 Royal Crescent, London EastSold

$572,000

1853 Royal Crescent, London East

3 bd·2 ba·1,500-2,000 sqft
315 Simpson Crescent, London EastSold

$435,000

315 Simpson Crescent, London East

3 bd·1 ba·700-1,100 sqft

See all 10 comparables

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Market conditions · East I

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

$2,000

Rental yield

4.8%

Est. cash flow

-$1,276

Cap rate

3.3%

Best time to sell

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

Affordability

Minimum household income required

$122,867

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

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AI estimate

$515,397

Above Market

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