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226 Rainbow Avenue

London East, N5W 4W1·MLS® X13501940·

Listing courtesy of The Realty Firm INC.·Updated 2 hours ago

For sale
1 / 44
2Beds
2Baths
1,100-1,500Sqft
Year Built

Listing price

$599,900

Est. $2,857/mo

Days on market

1

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

$618,497Above Market
$582,503$654,491

82% confidence · 8 comparable sales analysed

Location & neighbourhood

East N

London East, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,857
Property tax$650
Insurance (est.)$125
Utilities (est.)$250
Total monthly$3,882

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

Jun 29, 2026Listed
$599,900

Sold comparables nearby

74 Eldorado Avenue, London EastSold

$650,000

74 Eldorado Avenue, London East

3 bd·3 ba·1,100-1,500 sqft
1947 Royal Crescent, London EastSold

$490,000

1947 Royal Crescent, London East

3 bd·1 ba·1,100-1,500 sqft

See all 10 comparables

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Market conditions · East N

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

$2,400

Rental yield

4.8%

Est. cash flow

-$1,482

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

$145,577

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

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AI estimate

$618,497

Above Market

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