226 Rainbow Avenue
London East, N5W 4W1·MLS® X13501940·
Listing courtesy of The Realty Firm INC.·Updated 2 hours ago
Listing price
$599,900
Est. $2,857/mo
Days on market
Listed Jun 29, 2026
Description
Welcome to this hidden gem with a POOL in East London's established Argyle neighbourhood. Offering exceptional curb appeal, this well-maintained bungalow welcomes you with a wide driveway, mature landscaping, and covered entry leading into a bright, elevated foyer. From there, step into the inviting living room, where hardwood floors, expansive windows, and a cozy gas fireplace create a warm and welcoming atmosphere. The well-appointed eat-in kitchen features ample cabinet and counter space, black appliances, and a spacious island with breakfast bar seating and built-in drawer storage. Large windows overlook the backyard and in-ground pool, while patio doors provide seamless access to the patio for effortless indoor-outdoor living. Just off the kitchen, the dedicated dining room offers hardwood flooring and plenty of space for family dinners and entertaining. Completing the main level are two comfortable bedrooms with hardwood flooring and 3-piece bathroom with granite countertop and tiled shower. The finished lower level extends the home's living space with a large primary bedroom featuring a cozy gas fireplace. This level also includes a generous family room, laundry room, and beautifully updated 4-piece bathroom complete with a separate glass shower, soaker tub, and elegant wainscoting. The backyard is nothing short of spectacular. This fully fenced outdoor oasis is built for unforgettable summers, showcasing a sparkling in-ground pool surrounded by an expansive stamped concrete patio with plenty of space to lounge, dine, and entertain. Complete with a gas BBQ hookup, hot tub connection, storage shed, and gated access, this is the kind of backyard you'll never want to leave. Ideally located in the family-friendly Argyle neighbourhood, you'll enjoy convenient access to East Lions Community Centre, parks, schools, restaurants, shopping at Argyle Mall, and everyday amenities, with major highways and the airport just a short drive away.
Property details
Basement
Finished
Parking
4 spaces
Type
Detached — Bungalow
Heating
Forced Air
AI property estimate
82% confidence · 8 comparable sales analysed
Monthly payment estimate
Land transfer tax
Ontario LTT
$8,473
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$650,000
74 Eldorado Avenue, London East
Sold$490,000
1947 Royal Crescent, London East
See all 10 comparables
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Market conditions · East N
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
$2,400
Rental yield
4.8%
Est. cash flow
-$1,482
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$145,577
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$618,497
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