348 Winnipeg Boulevard
London East, N5W 4V2·MLS® X13489106·
Listing courtesy of The Realty Firm INC.·Updated 5 hours ago
Listing price
$465,000
Est. $2,215/mo
Days on market
Listed Jun 25, 2026
Description
An exceptional investment or multi-generational family home in London's highly sought-after Argyle neighborhood! This all-brick bungalow offers incredible income potential or space for extended family, featuring 3 bright and spacious main-floor bedrooms with a modern 4-piece bath, alongside a fully finished basement boasting 3 additional versatile rooms and a second full bathroom. The main level welcomes you with a sun-filled, west-facing living room and an inviting eat-in kitchen, all situated on a premium, fully fenced, mature lot. Perfect for multi-tenant use or hosting guests, the oversized driveway easily accommodates up to 6 cars. Positioned in a prime rental location just 2.6 km (a quick 5-minute drive) from Fanshawe College, with a convenient transit stop right at your doorstep, this cash-flowing property is currently generating $3,300/month. Whether you are looking to house hack or add a turn-key asset to your portfolio, this versatile home represents an unmatched opportunity in today's market. Some of the pictures are virtually staged.
Property details
Basement
Finished
Parking
6 spaces
Type
Detached — Bungalow
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Monthly payment estimate
Land transfer tax
Ontario LTT
$5,775
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$525,000
50 Glass Avenue, London East
Sold$490,000
1947 Royal Crescent, London East
See all 10 comparables
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Market conditions · East H
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
$1,860
Rental yield
4.8%
Est. cash flow
-$1,205
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$114,953
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$465,000
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