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For sale
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$1,099,000

Est. $5,149/mo mortgage

5bd·6ba·2,500-3,000sqft

128 Empress Avenue · London North, N6H 1N3

MLS® X13426012

107 days on market107 days on market

Listed Jun 10, 2026

Listing courtesy of Century 21 First Canadian Corp·Updated Jun 10

Description

Exceptional Turnkey Investment Opportunity. Welcome to this stunning newly constructed in 2025/2026 income-generating property located in one of London's most sought-out area, just minutes from University of Western Ontario. Purpose built with Investors in mind, this premium residence offers an outstanding combination of strong cash flow, modern design, and long-term appreciation potential. Featuring approximately 2500 sq ft, with each room offering its own private 4 piece ensuite and walk in closets providing a highly desirable living arrangement crafted for comfort and style. The open concept main level showcases contemporary finishes throughout, including a stylish kitchen with sleek white cabinetry, quartz countertops, walk-in pantry and new stainless steel appliances. Built with quality craftsmanship and attention to detail, this property offers low-maintenance ownership and peace of mind. Additional features include main-floor laundry, a convenient powder room, durable luxury vinyl flooring and pot lights throughout. Currently leased until April 30, 2027, providing immediate cash flow and an attractive return from day one with an estimated 6.76% cap rate. Minutes from major transit route, shopping, restaurants and every day amenities. Strong cash flow. Premium construction. Prime location. Secure your investment today. ( Virtually staged, furniture may not represent exact photos in the listing )

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Property details

Interior

Size
2500-3000 sqft
Rooms
5 rooms
Bathrooms
5 × 4-piece, 1 × 2-piece
Basement
Partially Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, 2-Storey
Lot size
42 × 109 ft
Exterior
Brick, Vinyl Siding
Foundation
Concrete
Roof
Shingles
Water & sewer
Sewer

Parking

Parking
3 spaces

Fees & taxes

Property tax
$3,520/yr (2025)

Rooms

Main

Powder Room, 2 Pc Bath
1.52 × 1.52 m
Bedroom, 4 pc ensuite, walk-in closet(s)
3.69 × 3.62 m
Kitchen
3.96 × 3.04 m
Bedroom, 4 pc ensuite, walk-in closet(s)
4.5 × 3.5 m
Foyer
4.88 × 2.13 m
Living Room
3.66 × 3.2 m
Laundry
0.91 × 0.91 m

Upper

Bedroom, 4 pc ensuite, walk-in closet(s)
4.17 × 3.56 m
Den, 3 Pc Bath
4.02 × 3.56 m
Bedroom, 4 pc ensuite, walk-in closet(s)
3.69 × 3.62 m
Bedroom, 4 pc ensuite, walk-in closet(s)
4.5 × 3.62 m

AI property estimate

$1,192,411Estimate is ~8.5% above asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$1,073,170$1,311,652

73% confidence · 29 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Blackfriars

London North, ON

Small historic neighbourhood along the Thames River west of downtown with heritage homes.

Monthly paymentest. $6,290/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$5,149
Property tax$662
Insurance (est.)$229
Utilities (est.)$250
Total monthly$6,290
Land transfer tax$18,455 on closing

Ontario LTT

$18,455

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

Listed 3 times · asking price up 100% from the first ask · sold 2% below the final ask

$1,099,000

Listed Jun 10, 2026

On the market
$1,099,000 100%

Listed Jun 10, 2026

On the market
$549,900

Listed Jun 20, 2025 · 1 day on market

Sold

Jun 21, 2025

1 days on the market in total across 3 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

Sold comparables nearby

927 Richmond Street, London EastSold

927 Richmond Street, London East

5 bd·5 ba·3,000-3,500 sqft
3 McDonald Avenue, London NorthSold

3 McDonald Avenue, London North

5 bd·3 ba·700-1,100 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in London North

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 95.7% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$801,500

Sale-to-list ratio

95.7%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $265,000 household income

Minimum household income required

$265,000

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.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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