1566 Nairn Avenue
London East, N5V 2P2·MLS® X13248764·
Listing courtesy of Sutton Group - Select Realty·Updated 4 days ago
Listing price
$499,000
Est. $2,377/mo
Days on market
Listed Jun 5, 2026
Description
Opportunity knocks for investors and homeowners alike! Ideally located in a quiet, established neighbourhood just minutes from Fanshawe College, this beautifully updated 2+2 bedroom, 2 full bathroom home offers exceptional flexibility and income potential.The bright main floor features impressive mid-century inspired sloped ceilings, large windows that flood the space with natural light, durable hard-surface flooring throughout, an updated kitchen with quartz countertops, and renovated bathrooms. The floor plan was reworked to turn 3 small bedrooms into 2 spacious ones! Numerous improvements over the years include updated flooring, windows, roof shingles, and a fully finished basement.The lower level is particularly appealing, featuring a separate private entrance, extra-high ceilings, and two spacious bedrooms with large egress windows-creating excellent potential for a future secondary suite or multi-generational living arrangement.Outside, enjoy the convenience of a covered carport, a large private driveway, and a mature lot in a sought-after location close to schools, parks, shopping, transit, and Fanshawe College. Currently tenanted by a family who would be happy to stay, making this a turnkey investment opportunity. Vacant possession may be available to owner-occupying purchasers with proper notice requirements.Please note: Some photos were taken prior to tenant occupancy and are provided to better showcase the property and layout.
Property details
Garage
1 car Carport
Basement
Full, Separate Entrance, Finished
Parking
4 spaces
Type
Semi-Detached — Bungalow
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Monthly payment estimate
Land transfer tax
Ontario LTT
$6,455
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$395,500
1598 Nairn Avenue, London East
Sold$405,000
1469 Perth Avenue, London East
See all 10 comparables
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Market conditions · East D
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
$1,996
Rental yield
4.8%
Est. cash flow
-$1,275
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$122,670
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$479,040
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