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1566 Nairn Avenue

London East, N5V 2P2·MLS® X13248764·

Listing courtesy of Sutton Group - Select Realty·Updated 4 days ago

For sale
1 / 28
2Beds
2Baths
700-1,100Sqft
51-99Year Built

Listing price

$499,000

Est. $2,377/mo

Days on market

9

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

$479,040Below Market
$449,100$508,980

82% confidence · 4 comparable sales analysed

Location & neighbourhood

East D

London East, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,377
Property tax$541
Insurance (est.)$104
Utilities (est.)$250
Total monthly$3,271

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

Jun 5, 2026Listed
$499,000

Sold comparables nearby

1598 Nairn Avenue, London EastSold

$395,500

1598 Nairn Avenue, London East

3 bd·2 ba·< 700 sqft
1469 Perth Avenue, London EastSold

$405,000

1469 Perth Avenue, London East

3 bd·2 ba·1,100-1,500 sqft

See all 10 comparables

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Market conditions · East D

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

$1,996

Rental yield

4.8%

Est. cash flow

-$1,275

Cap rate

3.2%

Best time to sell

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

Affordability

Minimum household income required

$122,670

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

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AI estimate

$479,040

Below Market

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