Homes for Sale in London, Ontario
322 Mornington Avenue
London East, N5Y 3C1·MLS® X13532202·
Listing courtesy of Revel Realty INC.·Updated 7 hours ago
Listing price
$374,900
Est. $1,786/mo
Days on market
Listed Jul 7, 2026
Description
Welcome to this charming 3-bedroom, 1-bathroom bungalow, offering an excellent opportunity for first-time home buyers, investors, or those looking to downsize. Ideally situated in the sought-after Carling Heights neighbourhood, this home is just minutes from the vibrant Old East Village and conveniently close to restaurants, parks, schools (including Fanshawe College just 3.5 km away), shopping, public transit, and the Carling Heights Optimist Community Centre.The bright and functional main floor features a spacious living room and an open-concept kitchen that's ideal for everyday living and entertaining. Three comfortable bedrooms, a full bathroom, and a convenient rear mudroom with main-floor laundry complete the layout.The lower level offers impressive ceiling height for a home of this era and provides excellent potential to create additional living space, a recreation room, workshop, or storage to suit your needs.Whether you're looking for your first home, a solid investment property, or a comfortable place to simplify your lifestyle, this well-located bungalow is full of potential and ready for your personal touch.
Property details
Basement
Development Potential
Parking
1 spaces
Type
Detached — Bungalow
Heating
Forced Air
AI property estimate
78% confidence · 34 sold homes within 2 km, by price per sq ft
Location & neighbourhood
London East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Monthly payment estimate
Land transfer tax
Ontario LTT
$4,099
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$535,000
85 Stuart Street, London East
Sold$645,000
576 St James Street, London East
See all 10 comparables
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Market conditions · East G
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
$1,500
Rental yield
4.8%
Est. cash flow
-$1,020
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$94,488
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$366,923
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