348 Piccadilly Street
London East, N6A 1S7·MLS® X13455746·
Listing courtesy of Blue Forest Realty INC.·Updated yesterday
Listing price
$475,000
Est. $2,262/mo
Days on market
Listed Jun 17, 2026
Description
Two-unit income property steps from the heart of downtown London, with an unbeatable price. The main floor holds a 2-bedroom unit and the upper level a 3-bedroom unit, each with separate hydro meters. The main floor living room is a generous space anchored by a character stained glass window. The full basement adds substantial storage accessible to both units.Out back, a 15' x 20' workshop is ready for maintenance, storage, or whatever your plans call for. Some TLC is required, which means real room to add value and move rents upward as you update.Location makes a strong case for the numbers. Piccadilly sits within easy reach of Richmond Row, grocery, green space, and multiple bus routes. Western University is nearby, which keeps rental demand steady across student, professional, and long-term tenant profiles.Five bedrooms across two units. Separate metering. A workshop. Downtown walkability. Property sold as-is where-is with no representations or warranties
Property details
Basement
Unfinished
Parking
3 spaces
Type
Duplex — 2-Storey
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Location & neighbourhood
London East, ON
Heritage neighbourhood with Victorian-era homes on tree-canopied streets near downtown.
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$585,000
23 Saunby Street, London North
Sold$550,000
163 Oxford Street, London East
See all 10 comparables
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Market conditions · East F
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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