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
Listing price
$494,900
Est. $2,357/mo
Days on market
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
76% confidence · 28 sold homes within 2 km, by price per sq ft
Monthly payment estimate
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
Sold comparables nearby
Sold$400,000
1838 Royal Crescent, London East
Sold$490,000
1947 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
$1,980
Rental yield
4.8%
Est. cash flow
-$1,266
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$121,733
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$305,278
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