713 Adelaide Street
London East, N5Y 2L4·MLS® X13475018·
Listing courtesy of Century 21 First Canadian Corp·Updated 4 hours ago
Listing price
$539,900
Est. $2,571/mo
Days on market
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
82% confidence · 8 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
$7,273
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$345,000
524 Simcoe Street, London East
Sold$508,000
231 Taylor 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
$2,160
Rental yield
4.8%
Est. cash flow
-$1,358
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$131,936
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$556,637
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