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713 Adelaide Street

London East, N5Y 2L4·MLS® X13475018·

Listing courtesy of Century 21 First Canadian Corp·Updated 4 hours ago

For sale
1 / 18
4Beds
2Baths
700-1,100Sqft
100+Year Built

Listing price

$539,900

Est. $2,571/mo

Days on market

1

Listed Jun 22, 2026

Description

Prime investment opportunity ideally located between Western University and Fanshawe College, with public transit within walking distance and easy access to shopping, dining, parks, and other amenities. The main floor is thoughtfully configured into two separate 2-bedroom, 1-bathroom living spaces, each featuring its own kitchenette and private entrance, offering excellent flexibility for multi-tenant occupancy possibilities. The basement has a separate entrance and includes an additional bedroom, storage area, and access to the shared laundry room, providing further functionality and rental potential. The property also features a private driveway with parking for 2 vehicles and a spacious backyard. Recent renovations have been completed throughout portions of the home. With desirable AC4 Commercial Zoning and a versatile layout, this property presents a unique opportunity for investors seeking strong income potential in a highly desirable rental location.

Property details

Basement

Separate Entrance, Partially Finished

Parking

2 spaces

Type

Detached — Bungalow

Heating

Forced Air

AI property estimate

$556,637Above Market
$524,243$589,031

82% confidence · 8 comparable sales analysed

Location & neighbourhood

Woodfield

London East, ON

Heritage neighbourhood with Victorian-era homes on tree-canopied streets near downtown.

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,571
Property tax$585
Insurance (est.)$112
Utilities (est.)$250
Total monthly$3,518

Land transfer tax

Ontario LTT

$7,273

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 22, 2026Listed
$539,900

Sold comparables nearby

524 Simcoe Street, London EastSold

$345,000

524 Simcoe Street, London East

5 bd·3 ba·1,500-2,000 sqft
231 Taylor Street, London EastSold

$508,000

231 Taylor Street, London East

3 bd·2 ba·700-1,100 sqft

See all 10 comparables

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Market conditions · East F

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

$2,160

Rental yield

4.8%

Est. cash flow

-$1,358

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$131,936

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

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AI estimate

$556,637

Above Market

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