626 Lorne Avenue
London East, N5W 3K5·MLS® X13472384·
Listing courtesy of Easy List Realty LTD.·Updated 3 hours ago
Listing price
$529,999
Est. $2,524/mo
Days on market
Listed Jun 21, 2026
Description
Visit the REALTOR website for further information about this listing. Exceptional opportunity for homeowners, investors, and business owners alike. This charming Victorian legal duplex combines character, flexibility, and income potential in the heart of Old East Village. Featuring classic period architecture, generous room sizes, and the timeless appeal of a heritage-era home, this property offers a unique alternative to newer construction. The duplex offers a vacant 3-bedroom main-floor unit available for possession August 1st, plus an upper 1-bedroom apartment providing immediate rental income. Situated on a 40-foot lot, the property features parking for up to 4 vehicles and a large private fenced backyard, providing ample outdoor space. The main-floor unit offers three bedrooms, a spacious living area, kitchen, 4-piece bathroom, and private laundry. The upper apartment features 1 bedroom, living room, kitchen, 4-piece bathroom, and its own laundry facilities. Current upper-unit tenancy (4 months into a one-year lease) provides stable income while the vacant main-floor unit offers flexibility for owner occupancy or market-rent potential. Separate laundry for each unit adds convenience and tenant appeal. The property has benefited from professional insulation upgrades, including the attic, both crawl spaces, and spray-foam insulation in the basement rim joist cavities, improving energy efficiency and year-round comfort. Located in London's vibrant Old East Village, close to downtown, Western Fair District, schools, parks, public transit, shopping, restaurants, and everyday amenities. Low property taxes further enhance the property's investment appeal. A versatile property offering character, income today, and flexibility for the future.
Property details
Basement
Crawl Space, Unfinished
Parking
4 spaces
Type
Duplex — 1 1/2 Storey
Heating
Forced Air
AI property estimate
82% confidence · 11 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
$7,075
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$345,000
524 Simcoe Street, London East
Sold$449,900
10 LINWOOD Street, London East
See all 10 comparables
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Market conditions · East G
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
$2,120
Rental yield
4.8%
Est. cash flow
-$1,338
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$129,690
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$514,528
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