1505 McLarenwood Terrace
London East, N5W 1X8·MLS® X13428630·
Listing courtesy of Royal Lepage Triland Realty·Updated 2 days ago
Listing price
$475,000
Est. $2,262/mo
Days on market
Listed Jun 10, 2026
Description
This charming brick bungalow offers the perfect blend of comfort, functionality, and outdoor space. Situated on a generous lot backing onto green space, the property provides a peaceful setting with mature trees and plenty of privacy. Inside, you'll find 3 bedrooms on the main level, a bright open-concept kitchen and living area, and a fully finished basement that adds valuable living space for family gatherings, a den hobbies, loads of storage, a 3 piece bathroom and laundry. There is also a walkout for in law capability. The home also features a durable steel roof for long-term peace of mind. Outside, enjoy ample parking for up to four vehicles and the convenience of two large garden sheds, providing exceptional storage for tools, outdoor equipment, and seasonal items. The fully fenced yard with fire pit and horse shoe pit are the perfect fit for a family with kids or pets. Whether you're a first-time buyer, downsizer, or growing family, this home offers outstanding value in a desirable setting. Don't miss your opportunity to make it yours!
Property details
Basement
Finished, Finished with Walk-Out
Parking
4 spaces
Type
Detached — Bungalow
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Monthly payment estimate
Land transfer tax
Ontario LTT
$5,975
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$420,000
227 Ellsworth Avenue, London East
Sold$445,000
20 Coventry Avenue, London East
See all 10 comparables
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Market conditions · East O
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
$1,900
Rental yield
4.8%
Est. cash flow
-$1,226
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$117,221
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$475,000
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