1626 Leonard Street
London East, N5W 3G6·MLS® X13520720·
Listing courtesy of The Realty Firm INC.·Updated 4 hours ago
Listing price
$499,900
Est. $2,381/mo
Days on market
Listed Jul 3, 2026
Description
Welcome to 1626 Leonard Street, London - a meticulously maintained bungalow offering exceptional value, thoughtful updates, and incredible potential! Featuring 3+1 bedrooms and 2 full bathrooms, this move-in-ready home is ideal for families, first-time buyers, investors, or anyone looking for the flexibility of a separate entrance to the lower level with excellent granny suite or in-law suite potential.The bright and inviting main floor showcases newer flooring throughout, new LED lighting throughout the home, a spacious living area filled with natural light, and an updated kitchen featuring a new countertop and plenty of workspace. The fully finished lower level offers brand new carpeting, an additional bedroom, a full bathroom, and generous living space perfect for extended family, guests, or future rental possibilities.Outside, you'll appreciate the detached single-car garage and the impressive 185-foot deep, pool-sized backyard, offering endless opportunities for entertaining, gardening, children, pets, or creating your dream backyard oasis.This home has been lovingly cared for and extensively updated for peace of mind, including a driveway (2016), furnace and central air conditioner (2018), front window (2019), front door (2019), professionally waterproofed basement with a transferable 10-year warranty (2020), newer city sewer/drain liner with cleanout from the house to the city (2020), soffit, fascia, eavestroughs, and siding (2021), basement windows (2021), roof (2024), and an owned hot water heater (2025).Conveniently located just minutes from Fanshawe College, Highway 401, shopping, restaurants, schools, parks, and everyday amenities, this home combines a fantastic location with outstanding updates and future potential. With its separate entrance, detached garage, extensive list of improvements, and meticulous care, this is a property you won't want to miss. Simply move in and enjoy everything this beautiful home has to offer!
Property details
Garage
1 car Detached
Basement
Finished
Parking
5 spaces
Type
Detached — Bungalow
Heating
Forced Air
AI property estimate
82% confidence · 8 comparable sales analysed
Monthly payment estimate
Land transfer tax
Ontario LTT
$6,473
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$260,000
80 Beattie Avenue, London East
Sold$400,000
1838 Royal Crescent, London East
See all 10 comparables
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Market conditions · East H
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
$2,000
Rental yield
4.8%
Est. cash flow
-$1,276
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$122,867
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$515,397
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