434 Egerton Street
London East, N5W 3Z4·MLS® X13504000·
Listing courtesy of Nu-vista Pinnacle Realty Brokerage INC·Updated 4 hours ago
Listing price
$495,000
Est. $2,358/mo
Days on market
Listed Jun 30, 2026
Description
Calling all investors and first-time home buyers! Don't miss this income-generating bungalow offering the perfect opportunity to build equity while keeping your monthly costs down. Live on the main floor and rent out the fully finished lower level to help offset your mortgage or add this positive cash flow potential property to your investment portfolio. Built in 2010, this well-maintained home features 2+2 bedrooms, 2 kitchens, and a separate entrance to the basement. The bright main floor offers an open-concept living and dining area, large windows that fill the space with natural light, and two spacious bedrooms. The lower level is complete with 2 bedrooms, a second kitchen, and its own living space, making it ideal for tenants, extended family, or multi-generational living. Outside, enjoy a fully fenced backyard and parking for 2 vehicles. Conveniently located in East London, you're just minutes from shopping, restaurants, cafes, the Western Fair Farmers' Market, public transit, and have quick access to Highway 401. Whether you're looking for your first home with a mortgage helper or a smart addition to your investment portfolio, this property offers income potential, flexibility, and outstanding value.
Property details
Basement
Apartment, Separate Entrance, Finished
Parking
2 spaces
Type
Detached — Bungalow
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Location & neighbourhood
London East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Monthly payment estimate
Land transfer tax
Ontario LTT
$6,375
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$389,000
189 Colborne Street, London East
Sold$410,000
438 Ontario Street, London East
See all 10 comparables
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Market conditions · East M
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
$1,980
Rental yield
4.8%
Est. cash flow
-$1,267
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$121,755
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$495,000
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