1948 Royal Crescent
London East, N5V 1N7·MLS® X13226218·
Listing courtesy of Re/max Centre City Realty INC.·Updated 4 days ago
Listing price
$499,900
Est. $2,381/mo
Days on market
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
82% confidence · 8 comparable sales analysed
Monthly payment estimate
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
Sold comparables nearby
Sold$572,000
1853 Royal Crescent, London East
Sold$435,000
315 Simpson Crescent, London East
See all 10 comparables
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Market conditions · East I
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
Affordability
Minimum household income required
$122,867
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$515,397
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