15 Mayfair Drive
London East, N6A 2M7·MLS® X13496240·
Listing courtesy of The Realty Firm INC.·Updated 6 hours ago
Listing price
$989,000
Est. $4,710/mo
Days on market
Listed Jun 26, 2026
Description
Set on Mayfair Drive, just steps from Richmond Street & the gates of Western University, this is a rare opportunity to own a substantial Old North property in one of London's most sought after real estate corridors. This address places you in the heart of a vibrant, in-demand neighbourhood known for its blend of established homes and strong connection to the university. Designed across five distinct levels, the home offers impressive living space with flexibility to evolve alongside your needs, including multiple bonus areas suited to additional sleeping quarters, private offices, or dedicated study spaces - ideal for growing families or multi-generational living. Set on an expansive lot approaching half an acre, the property delivers a level of land rarely found this close to Western. The backyard is a true standout - expansive, private, and full of possibility, offering a rare in-city setting ideal for family living, entertaining, or future vision. Inside, natural light fills the generous principal rooms, complemented by a wood-burning fireplace in the main living area and a second lounge with a gas fireplace. Extensive built-in storage adds everyday functionality. A detached garage, rear yard shed, and parking capacity well beyond typical city offerings further enhance the property. Recent updates include a newer roof, providing peace of mind while leaving room to elevate and personalize the interior. A compelling opportunity offering scale, location, and long-term potential. A true must see!
Property details
Garage
1 car Attached
Basement
Finished with Walk-Out, Full
Parking
7 spaces
Type
Detached — Sidesplit 5
Heating
Baseboard
AI property estimate
82% confidence · 4 comparable sales analysed
Location & neighbourhood
London East, ON
Established subdivision east of Masonville surrounded by the Stoney Creek Valley.
Monthly payment estimate
Land transfer tax
Ontario LTT
$16,255
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$785,000
230 St Bees Close, London North
Sold$1,300,000
439 Regent Street, London East
See all 10 comparables
Create a free account to unlock premium data.
Market conditions · East B
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
$3,956
Rental yield
4.8%
Est. cash flow
-$2,282
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$233,916
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$949,440
Connect with an agent
By submitting, you agree to receive communications from London Home Search and its affiliated agents. You can unsubscribe at any time.
Get notified about similar homes
New detached listings in East B.