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128 Empress Avenue

London North, N6H 1N3·MLS® X13426012·

Listing courtesy of Century 21 First Canadian Corp·Updated 2 days ago

For sale
1 / 7
5Beds
6Baths
2,500-3,000Sqft
Year Built

Listing price

$1,099,000

Est. $5,234/mo

Days on market

4

Listed Jun 10, 2026

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 )

Property details

Basement

Partially Finished

Parking

3 spaces

Type

Detached — 2-Storey

Heating

Forced Air

AI property estimate

$1,055,040Below Market
$989,100$1,120,980

82% confidence · 4 comparable sales analysed

Location & neighbourhood

Blackfriars

London North, ON

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

Monthly payment estimate

Mortgage (5.24%, 25yr)$5,234
Property tax$1,191
Insurance (est.)$229
Utilities (est.)$250
Total monthly$6,904

Land transfer tax

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

Jun 10, 2026Listed
$1,099,000

Sold comparables nearby

45 Upper Avenue, London NorthSold

$645,000

45 Upper Avenue, London North

4 bd·3 ba·2,000-2,500 sqft
228 South Street, London EastSold

$399,900

228 South Street, London East

5 bd·2 ba·1,500-2,000 sqft

See all 10 comparables

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Market conditions · North N

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

$4,396

Rental yield

4.8%

Est. cash flow

-$2,508

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

$258,894

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

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AI estimate

$1,055,040

Below Market

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