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$550,000

Est. $2,577/mo mortgage

3bd·2ba·700-1,100sqft

29 Court Lane · London East, N5W 5M6

MLS® X13431638

105 days on market105 days on market

Listed Jun 11, 2026

Listing courtesy of Re/max Realtron Realty INC.·Updated Jun 15

Description

Welcome to 29 Court Lane, a fully renovated raised bungalow offering exceptional versatility,modern finishes, and outstanding income potential. Situated on a quiet, tree-lined street inEast London, this city-approved legal in-law suite is the perfect opportunity for investors,multi-generational families, or buyers looking to offset their mortgage with rental income.The property features a spacious 3-bedroom main floor unit and a bright 2-bedroom lower-levelsuite, each thoughtfully designed with separate entrances and separate laundry facilities formaximum privacy and convenience.The main level boasts a bright and functional layout with large windows, updated finishes, andcomfortable living spaces ideal for families. The lower suite offers excellent flexibility asa mortgage helper, in-law accommodation, or income-generating rental unit. Both units havebeen renovated to provide turnkey living with minimal maintenance required.Set on a generous lot surrounded by mature trees, the property offers ample outdoor space forrelaxation, entertaining, or family enjoyment. The quiet location provides a peacefulresidential setting while remaining close to schools, parks, shopping, public transit, andmajor commuter routes.Whether you're an investor seeking strong rental potential, a first-time buyer looking foradditional income, or a family needing flexible living arrangements, this rare legal duplex-style bungalow delivers incredible value and opportunity. Move in, rent out, or do both-29Court Lane is a turnkey property that checks all the boxes.Don't miss this rare opportunity to own a fully renovated legal in-law suite property in oneof London's established neighbourhoods. Book your private showing today!

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Property details

Interior

Interior
700-1100 sqft
Rooms
7 rooms
Bathrooms
1 × 3-piece on Main, 1 × 3-piece on Basement
Basement
Apartment, Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Lot size
58.09 × 100.25 ft
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Water & sewer
None

Parking

Parking
3 spaces

Fees & taxes

Property tax
$2,737/yr (2025)

Rooms

Main

Kitchen
5 × 2.49 m
Bedroom 2
2.89 × 3.03 m
Bedroom
2.17 × 3.18 m
Dining Room
2.47 × 2.63 m
Primary Bedroom
3.41 × 4.7 m
Living Room
4.87 × 3.2 m

AI property estimate

$390,000Estimate is ~29.1% below asking

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

$351,000$429,000

75% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
London East

London East, ON

Monthly paymentest. $3,273/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,577
Property tax$331
Insurance (est.)$115
Utilities (est.)$250
Total monthly$3,273
Land transfer tax$7,475 on closing

Ontario LTT

$7,475

First-time rebate

$4,000

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

Price & listing history

$550,000

Listed Jun 11, 2026

On the market

Sold comparables nearby

238 Starlight Avenue, London EastSold

238 Starlight Avenue, London East

2 bd·2 ba·700-1,100 sqft
618 Fieldgate Circle, London EastSold

618 Fieldgate Circle, London East

3 bd·3 ba·1,500-2,000 sqft

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 94.5% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$416,667

Sale-to-list ratio

94.5%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $135,000 household income

Minimum household income required

$135,000

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$2,300/mo median for 3 bed nearby

$2,300/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 51 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.

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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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