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1947 Royal Crescent

London East, N5V 1N6·MLS® X13418428·

Listing courtesy of Platinum Key Realty INC.·Updated 2 days ago

For sale
1 / 21
3Beds
1Baths
1,100-1,500Sqft
Year Built

Listing price

$497,500

Est. $2,369/mo

Days on market

5

Listed Jun 9, 2026

Description

Located in a mature neighbourhood, this well-maintained bungalow offers comfortable living with convenient access to everyday amenities. Featuring 3 bedrooms, 1 full bathroom, an attached garage with workshop space The main floor includes a spacious living room with a large picture window, a formal dining room with built-in shelving, and a functional kitchen equipped with a gas stove. Hardwood flooring extends through the living room, dining room, and all three bedrooms. The unfinished lower level provides excellent potential for additional living space, storage, or recreation areas, with a bathroom rough-in ready for future development. At the rear of the home, a versatile lean-to room offers options for use as a sunroom, three-season room, additional seating area, or extra storage space. Located close to the Argyle Business Centre, shopping, restaurants, parks, schools, and public transit, with convenient access to Highway 401.

Property details

Garage

1 car Attached

Basement

Full, Unfinished

Parking

5 spaces

Type

Detached — Bungalow

Heating

Forced Air

AI property estimate

$485,063Below Market
$455,213$514,913

82% confidence · 8 comparable sales analysed

Location & neighbourhood

East I

London East, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,369
Property tax$539
Insurance (est.)$104
Utilities (est.)$250
Total monthly$3,262

Land transfer tax

Ontario LTT

$6,425

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 9, 2026Listed
$497,500

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

$1,990

Rental yield

4.8%

Est. cash flow

-$1,272

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

$122,341

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

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AI estimate

$485,063

Below Market

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