840 Maitland Street
London East, N5Y 2W8·MLS® X13507972·
Listing courtesy of Forest Hill Real Estate INC.·Updated 3 hours ago
Listing price
$949,000
Est. $4,520/mo
Days on market
Listed Jul 1, 2026
Description
Exceptional opportunity in London's prestigious Old North, just steps from top-ranked schools, Western University, hospitals, Richmond Row, boutique shopping, and renowned restaurants. This versatile 5+1 bedroom property offers outstanding potential for investors, multi-generational families, or owner-occupants seeking additional income. The main residence features a spacious and thoughtfully designed layout, with 3 bedrooms on the second floor, a 4-piece bathroom, and separate upper-level laundry. The main floor primary bedroom offers a walk-in closet and a walkout to the private backyard, while an additional main-floor bedroom can easily be converted into a home office to suit your needs. A 3-piece bathroom completes the main level. Theself-contained lower-level suite features 1 bedroom, an updated kitchen, comfortable living area, and ensuite laundry, making it ideal for rental income or extended family. A detached heated 2-car garage with electricity adds even more value and future potential. Each unit enjoys its own private outdoor space, and the home can easily be converted back to a single-family residence, with a wet bar already in place in the basement. Potential separate entrance available to the basement. The recent upgrades include: furnace and A/C (2022), upgraded electrical panels in house (200 AMP) and garage in 2022, new kitchen appliances (2020-2022), front deck (2020), garage heather (2022), gas fireplace (2020), built-in electric Napolean fireplace (2022)
Property details
Garage
2 car Detached
Basement
Apartment, Separate Entrance
Parking
6 spaces
Type
Detached — 2-Storey
Heating
Forced Air
AI property estimate
82% confidence · 4 comparable sales analysed
Location & neighbourhood
London East, ON
Heritage neighbourhood with Victorian-era homes on tree-canopied streets near downtown.
Monthly payment estimate
Land transfer tax
Ontario LTT
$15,455
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$1,300,000
439 Regent Street, London East
Sold$869,000
11 Runnymede Crescent, London North
See all 10 comparables
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Market conditions · East B
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
$3,796
Rental yield
4.8%
Est. cash flow
-$2,200
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$224,847
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$911,040
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