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15 Mayfair Drive

London East, N6A 2M7·MLS® X13496240·

Listing courtesy of The Realty Firm INC.·Updated 6 hours ago

For sale
1 / 48
4Beds
2Baths
3,000-3,500Sqft
51-99Year Built

Listing price

$989,000

Est. $4,710/mo

Days on market

2

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

$949,440Below Market
$890,100$1,008,780

82% confidence · 4 comparable sales analysed

Location & neighbourhood

Stoneybrook

London East, ON

Established subdivision east of Masonville surrounded by the Stoney Creek Valley.

Monthly payment estimate

Mortgage (5.24%, 25yr)$4,710
Property tax$1,071
Insurance (est.)$206
Utilities (est.)$250
Total monthly$6,238

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

Jun 26, 2026Listed
$989,000

Sold comparables nearby

230 St Bees Close, London NorthSold

$785,000

230 St Bees Close, London North

3 bd·3 ba·1,500-2,000 sqft
439 Regent Street, London EastSold

$1,300,000

439 Regent Street, London East

5 bd·5 ba·2,500-3,000 sqft

See all 10 comparables

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Market conditions · East B

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

$3,956

Rental yield

4.8%

Est. cash flow

-$2,282

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

$233,916

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

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AI estimate

$949,440

Below Market

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