$349,900
Est. $1,639/mo mortgage
626 First Street #402 · London East, N5V 2A2
MLS® X13425836
Listed Jun 10, 2026
Listing courtesy of Sutton Group Preferred Realty INC.·Updated Aug 19
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.
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Property details
Interior
- Interior
- 800-899 sqft
- Rooms
- 6 rooms
- Bathrooms
- 2 × 4-piece on Main
- Basement
- None
- Heating
- Baseboard
- Cooling
- None
- Laundry
- N
Building & lot
- Type
- Condo Apartment, Apartment
- Exterior
- Brick
- Storeys
- 4
- Exposure
- West
Parking
- Parking
- 1 spaces
- Locker
- None
Fees & taxes
- Condo fee
- $625/mo
- Fee includes
- water, parking
- Pets
- Yes-with Restrictions
- Property tax
- $1,995/yr (2025)
- Corporation
- n/a 239
- Managed by
- Sean Eglinston
Rooms
Main
- Dining Room
- 3.57 × 1.91 m
- Kitchen
- 3.13 × 2.56 m
- Living Room, W/O To Patio
- 3.55 × 2.48 m
- Bedroom
- 3.2 × 3.3 m
- Bedroom
- 4.34 × 2.37 m
- Bedroom
- 4.33 × 3.3 m
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
80% confidence · 39 sold homes within 2 km, by price per sq ft
Location & neighbourhood
DirectionsLondon East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Monthly paymentest. $2,798/mo all in
Monthly payment estimate
Land transfer tax$3,724 on closing
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
Listed Jun 10, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold$230,000
808 - 583 MORNINGTON AVE Avenue, London East
Sold$159,900
1004 - 563 Mornington Avenue, London East
See what these 6 homes sold for
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Market conditionsBuyer's market in London East
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 94% of asking.
Avg. sold price
$219,317
Sale-to-list ratio
94%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $88,000 household income
Minimum household income required
$88,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$2,295/mo median for 3 bed nearby
$2,295/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 47 leases.
What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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