1181 Florence Street
London East, N5W 2N2·MLS® X13505438·
Listing courtesy of Royal Lepage Terrequity Realty·Updated 2 hours ago
Listing price
$458,600
Est. $2,184/mo
Days on market
Listed Jun 30, 2026
Description
THIS ISN'T JUST A HOME, IT'S A STRATEGY! LIVE UPSTAIRS, RENT DOWNSTAIRS, OR BRING THE WHOLE FAMILY UNDER ONE ROOFIN STYLE! Charming 2+1 Bedroom, 2 Full Bath, 2 Kitchens Bungalow with a Finished Separate Entrance One-Bedroom Suite On A Sunny South-Facing Large Fully Fenced Backyard. Open Concept Main Floor With A Combined Living/Dining Area And Eat-In Kitchen That Walks Out To The Fully Fenced Sunny Backyard With A Deck. Two Great-Sized Bedrooms With Closets And a Full Bathroom On The Main Floor. Hardwood Floors and Smooth Ceilings. Carpet-Free. Multiple Entrances. The Finished Basement Provides Additional Living Space With a Separate Walk-out Entrance 1-Bedroom In-Law Suite With It's Own Kitchen, Full Bath, Living Area And Laundry, Making It Perfect For Growing Families Or Multigenerational Living. This basement unit serves as an incredible mortgage helper to offset your monthly payments. The Additional Basement Offers Second Laundry, Storage/Utility Space. This Presents Is A Great Opportunity To Own A Solid Home On A Rare Deep, South-Facing Fully Fenced Backyard With A Deck Perfect For Outdoor Entertaining. The Property Has One Renovated 2025 Detached Garage And Three Additional Parking Spots. Located Just Five Minutes from triOS Business Tech Campus, Fanshawe College, North American Trade School, Downtown, Parks, Arenas And More. Ideal For First Time Home Buyers, Downsizers, Multigenerational Family, Small/Growing Families With Growing Children Or Savvy Investors. It's A Versatile Option That Meets The Needs Of Various Lifestyles And Investment Opportunities. Updates & Inclusions 2025/ New A/C 2025/ Thermostat 2025/ Professionally Renovated Garage 2024/ Washer 2024.Featuring 2 stoves, 2 fridges, a Range Hood, 2 Washers, and a Dryer.
Property details
Garage
1 car Detached
Basement
Apartment, Separate Entrance
Parking
4 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
$5,647
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$410,000
438 Ontario Street, London East
Sold$400,000
99 Egerton 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
$1,834
Rental yield
4.8%
Est. cash flow
-$1,193
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$113,513
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$451,262
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