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$494,900

Est. $2,318/mo mortgage

3bd·2ba·700-1,100sqft

224 CULVER Crescent · London East, N5V 3G7

MLS® X13529126

80 days on market80 days on market

Listed Jul 6, 2026

Listing courtesy of Century 21 First Canadian Corp·Updated Aug 19

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.

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Property details

Interior

Interior
700-1100 sqft
Rooms
5 rooms
Bathrooms
1 × 4-piece on Main, 1 × 3-piece on Lower
Basement
Partially Finished, Full
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Lot size
40 × 105 ft
Exterior
Vinyl Siding, Brick
Foundation
Poured Concrete
Roof
Shingles
Water & sewer
Sewer

Parking

Driveway
Private (4 spaces)
Parking
4 spaces

Fees & taxes

Property tax
$3,051/yr (2025)

Rooms

Main

Bedroom
3.47 × 3.35 m
Bedroom
3.04 × 3.04 m
Bedroom
3.35 × 3.04 m
Other
5.79 × 3.04 m
Living Room
5.48 × 3.96 m

Lower

Family Room, Fireplace
3.65 × 3.17 m
Other
3.04 × 2.74 m
Other
3.04 × 2.43 m
Bedroom
3.35 × 3.04 m

AI property estimate

$452,623Estimate is ~8.5% below asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$407,361$497,885

74% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
London East

London East, ON

Monthly paymentest. $2,970/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,318
Property tax$298
Insurance (est.)$103
Utilities (est.)$250
Total monthly$2,970
Land transfer tax$6,373 on closing

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

$494,900

Listed Jul 6, 2026

On the market

Sold comparables nearby

238 Starlight Avenue, London EastSold

238 Starlight Avenue, London East

2 bd·2 ba·700-1,100 sqft
93 Goldwick Crescent, London EastSold

93 Goldwick Crescent, London East

3 bd·3 ba·1,500-2,000 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in London East

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 96.7% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$502,483

Sale-to-list ratio

96.7%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $122,000 household income

Minimum household income required

$122,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin
Rental market$2,449/mo median for 3 bed nearby

$2,449/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 45 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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