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438 Ontario Street

London East, N5W 3W9·MLS® X13429896·

Listing courtesy of Property.ca INC·Updated 2 days ago

For sale
1 / 44
2Beds
1Baths
1,100-1,500Sqft
Year Built

Listing price

$420,000

Est. $2,000/mo

Days on market

3

Listed Jun 11, 2026

Description

Welcome to 438 Ontario Street in London's Old East Village, a vibrant and growing neighbourhood known for its local shops, markets, community events, and convenient access to downtown. Located within walking distance of 100 Kellogg Lane, you'll enjoy easy access to attractions including the London Children's Museum, Hard Rock Hotel, restaurants, entertainment, and more. This well-maintained red brick home combines original character with thoughtful modern updates. Offering 2 bedrooms and 1 bathroom, it's an excellent option for first-time buyers, downsizers, or investors seeking a move-in-ready property in an established neighbourhood.The main floor has been refreshed in 2025 with new paint, updated lighting, and a bright, functional layout. The kitchen features a new stove and microwave (2025), while additional pantry and bedroom storage enhance everyday practicality. Major updates include a furnace and air conditioner (2015), replacement of the lead water service line (2021), and a roof estimated to be 10-12 years old.Outside, the backyard has been completely redesigned in 2025 with new landscaping, patio space, fencing, and garden beds, creating a private outdoor retreat. A newly constructed shed with 60-amp service offers flexibility for a workshop, hobby space, studio, or additional storage. The front exterior has also been updated with refreshed landscaping, new porch decking (2025), and a new screen door, while updated window coverings (2024) complete the home.If you're looking for a property that offers character, modern updates, and a convenient location, 438 Ontario Street is well worth a look.

Property details

Garage

2 car Carport

Basement

Unfinished

Parking

2 spaces

Type

Detached — 1 1/2 Storey

Heating

Forced Air

AI property estimate

$399,000Below Market
$373,800$424,200

82% confidence · 4 comparable sales analysed

Location & neighbourhood

Argyle

London East, ON

Expansive east London district with parks and a wide range of affordable to mid-range housing.

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,000
Property tax$455
Insurance (est.)$88
Utilities (est.)$250
Total monthly$2,793

Land transfer tax

Ontario LTT

$4,875

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 11, 2026Listed
$420,000

Sold comparables nearby

26 Apeldoorn Crescent, London EastSold

$435,000

26 Apeldoorn Crescent, London East

2 bd·2 ba·1,100-1,500 sqft
706 Nelson Street, London EastSold

$304,000

706 Nelson Street, London East

2 bd·1 ba·1,100-1,500 sqft

See all 10 comparables

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Market conditions · East G

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

$1,680

Rental yield

4.8%

Est. cash flow

-$1,113

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

$104,751

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

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AI estimate

$399,000

Below Market

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