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1626 Leonard Street

London East, N5W 3G6·MLS® X13520720·

Listing courtesy of The Realty Firm INC.·Updated 4 hours ago

For sale
1 / 20
3Beds
2Baths
700-1,100Sqft
51-99Year Built

Listing price

$499,900

Est. $2,381/mo

Days on market

2

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

$515,397Above Market
$485,403$545,391

82% confidence · 8 comparable sales analysed

Location & neighbourhood

East H

London East, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,381
Property tax$542
Insurance (est.)$104
Utilities (est.)$250
Total monthly$3,276

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

Jul 3, 2026Listed
$499,900

Sold comparables nearby

80 Beattie Avenue, London EastSold

$260,000

80 Beattie Avenue, London East

3 bd·1 ba·1,100-1,500 sqft
1838 Royal Crescent, London EastSold

$400,000

1838 Royal Crescent, London East

3 bd·1 ba·700-1,100 sqft

See all 10 comparables

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Market conditions · East H

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

$2,000

Rental yield

4.8%

Est. cash flow

-$1,276

Cap rate

3.3%

Best time to sell

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

Affordability

Minimum household income required

$122,867

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

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AI estimate

$515,397

Above Market

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