Homes for Sale in London, Ontario
340 Riverside Drive
London North, N6H 1E9·MLS® X13532642·
Listing courtesy of The Realty Firm INC.·Updated 5 hours ago
Listing price
$649,900
Est. $3,095/mo
Days on market
Listed Jul 7, 2026
Description
Welcome to 340 Riverside Drive, this well-maintained home offers an excellent opportunity for investors, owner-occupants or large families looking for a property with solid rental income and significant recent upgrades. Unit A is a large 3 bedroom, 2 storey apartment with a large kitchen/dining room area, 2 living rooms, a private back deck, lots of extra space throughout. Unit B is a 1 bedroom with lots of space. The basement is completely separate and fully renovated too. Over the past five years, the property has undergone extensive improvements, including new vinyl flooring throughout, updated paint and trim, a high-efficiency furnace installed in 2026, a newer water heater, updated toilets, and numerous interior renovations. While the exterior has been enhanced with fresh paint, new landscaping, and a privacy fence. The property currently generates **$3,600 per month in gross rental income**, with the one-bedroom unit renting for **$1,400/month** (all-inclusive) and the three-bedroom unit renting for **$2,200/month** (all-inclusive). This home is in a great area, close to downtown, all shopping, anything you can think of.
Property details
Basement
Partially Finished
Parking
5 spaces
Type
Detached — 1 1/2 Storey
Heating
Forced Air
AI property estimate
75% confidence · 20 sold homes within 2 km, by price per sq ft
Location & neighbourhood
Monthly payment estimate
Land transfer tax
Ontario LTT
$9,473
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$415,000
47 MacKay Avenue, London South
Sold$600,000
66 Bruce Street, London South
See all 10 comparables
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Market conditions · North N
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
$2,600
Rental yield
4.8%
Est. cash flow
-$1,584
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$156,914
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$750,075
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