626 First Street #402
London East, N5V 2A2·MLS® X13425836·
Listing courtesy of Sutton Group Preferred Realty INC.·Updated 2 days ago
Listing price
$349,900
Est. $1,666/mo
Days on market
Listed Jun 10, 2026
Description
Turn-Key investment opportunity directly across from Fanshawe College! This exceptionally clean 3-bedroom, 2 full bathrooms condo is perfect for student living or as a comfortable family home. The unit has been well maintained and thoughtfully updated, featuring updated kitchen and bathroom cabinetry installed in January 2026. All fixtures replaced in December 2025, and updated flooring throughout in 2019.The bright functional layout offers spacious bedrooms and open living and dining areas. The condo comes partially furnished with all main living room and dining room furniture, making it a truly turn-key rental opportunity. Currently fully rented for $2100.00 per month, providing immediate income for investors. The unit also includes one dedicated parking space, and water is included in the condo fees. Located just steps from Fanshawe College, shopping, transit, and amenities, this is prime location with strong rental demand.
Property details
Basement
None
Parking
1 spaces
Type
Condo Apartment — Apartment
Heating
Baseboard
AI property estimate
82% confidence · 8 comparable sales analysed
Location & neighbourhood
London East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Monthly payment estimate
Land transfer tax
Ontario LTT
$3,724
First-time rebate
−$3,724
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$261,000
119 - 1447 Huron Street, London East
Sold$185,000
307 - 1825 Whitney Street, London East
See all 10 comparables
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Market conditions · East H
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
$1,400
Rental yield
4.8%
Est. cash flow
-$969
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$88,820
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$360,747
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