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840 Maitland Street

London East, N5Y 2W8·MLS® X13507972·

Listing courtesy of Forest Hill Real Estate INC.·Updated 3 hours ago

For sale
1 / 42
5Beds
4Baths
1,500-2,000Sqft
Year Built

Listing price

$949,000

Est. $4,520/mo

Days on market

1

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

$911,040Below Market
$854,100$967,980

82% confidence · 4 comparable sales analysed

Location & neighbourhood

Woodfield

London East, ON

Heritage neighbourhood with Victorian-era homes on tree-canopied streets near downtown.

Monthly payment estimate

Mortgage (5.24%, 25yr)$4,520
Property tax$1,028
Insurance (est.)$198
Utilities (est.)$250
Total monthly$5,996

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

Jul 1, 2026Listed
$949,000

Sold comparables nearby

439 Regent Street, London EastSold

$1,300,000

439 Regent Street, London East

5 bd·5 ba·2,500-3,000 sqft
11 Runnymede Crescent, London NorthSold

$869,000

11 Runnymede Crescent, London North

4 bd·5 ba·1,500-2,000 sqft

See all 10 comparables

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Market conditions · East B

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

$3,796

Rental yield

4.8%

Est. cash flow

-$2,200

Cap rate

3.2%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$224,847

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

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AI estimate

$911,040

Below Market

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