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Homes for Sale in London, Ontario

224 CULVER Crescent

London East, N5V 3G7·MLS® X13529126·

Listing courtesy of Century 21 First Canadian Corp·Updated 23 hours ago

For sale
1 / 21
3Beds
2Baths
< 700Sqft
Year Built

Listing price

$494,900

Est. $2,357/mo

Days on market

2

Listed Jul 6, 2026

Description

Legally zoned duplex in a fantastic location, offering an excellent opportunity as an investment property or a lovely single-family home. Situated on a quiet, picturesque street lined with well-maintained homes, mature trees, and plenty of privacy, this property combines comfort with outstanding income potential.The exterior is beautifully maintained with attractive brick and siding. Currently occupied by cooperative month-to-month tenants, the buyer has the flexibility to continue the existing tenancies or request vacant possession, with a professional cleaning included.Inside, you'll find a bright, newly updated eat-in kitchen, durable laminate and ceramic flooring, and a spacious layout featuring 3+1 bedrooms and two modern bathrooms. The inviting family room offers a cozy gas fireplace, while the covered rear patio overlooks a private backyard-perfect for relaxing or entertaining.An ideal opportunity for first-time buyers looking to offset their mortgage with potential lower-level rental income, or for investors seeking a turnkey income property in a desirable neighbourhood. Conveniently located close to schools, including Fanshawe College, parks, shopping, public transit, and other everyday amenities. A wonderful family-friendly neighbourhood with exceptional value.

Property details

Basement

Partially Finished, Full

Parking

4 spaces

Type

Detached — Bungalow

Heating

Forced Air

AI property estimate

$305,278Below Market
$261,827$345,139

76% confidence · 28 sold homes within 2 km, by price per sq ft

Location & neighbourhood

East H

London East, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,357
Property tax$536
Insurance (est.)$103
Utilities (est.)$250
Total monthly$3,246

Land transfer tax

Ontario LTT

$6,373

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 6, 2026Listed
$494,900

Sold comparables nearby

1838 Royal Crescent, London EastSold

$400,000

1838 Royal Crescent, London East

3 bd·1 ba·700-1,100 sqft
1947 Royal Crescent, London EastSold

$490,000

1947 Royal Crescent, London East

3 bd·1 ba·1,100-1,500 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

$1,980

Rental yield

4.8%

Est. cash flow

-$1,266

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

$121,733

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

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AI estimate

$305,278

Below Market

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