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$449,000

Estimated value $427K to $471K

Est. $2,103/mo mortgage

3+2bd·2ba·700-1,100sqft

1237 Landor Street · London, N5Y 3W2

MLS® X13532710

121 days on market121 days on market

Listed Jul 7, 2026

Listing courtesy of Colliers Southwestern Ontario·Listing last changed Jul 7

Key facts

Property type
Detached
Square footage
700-1,100 sqft
Lot size
50 × 91.75 ft
Parking
2 spaces
Property tax
$2,783/yr (2025)

Description

**Turnkey investment opportunity!** This well-maintained **3+2 bedroom home** is **fully tenanted with a signed lease commencing August 1**, providing immediate rental income from day one. An excellent opportunity for investors seeking a hassle-free, income-producing property.The functional layout with multiple living areas offers strong long-term rental appeal and excellent income-generating potential. The finished lower level adds valuable living space, ideal for tenants, extended family, or a home office setup. Features include neutral finishes, hardwood flooring on the main level, durable tile in high-traffic areas, in-suite laundry, multiple bathrooms, and ample parking with a long private driveway.Conveniently located close to Fanshawe College, public transit, shopping, restaurants, and everyday amenities, this is a **true turnkey investment** in a high-demand rental location. Simply take ownership and start generating rental income from day one.

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Property details

Interior

Size
700-1,100 sqft
Bedrooms
3 above grade, 2 lower level
Rooms
6 rooms
Bathrooms
1 × 3-piece on Main, 1 × 3-piece on Lower
Basement
Finished, Full
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, 2-Storey
Lot size
50 × 91.75 ft
Exterior
Aluminum Siding, Vinyl Siding
Foundation
Poured Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Driveway
Private (2 spaces)
Parking
2 spaces

Fees & taxes

Property tax
$2,783/yr (2025)

Rooms

Main

Bedroom
3.75 × 5.38 m
Living Room
4.87 × 5.48 m
Bathroom
3.86 × 1.47 m
Kitchen
4.26 × 2.43 m

Upper

Bedroom
3.86 × 4.57 m
Bedroom 2
3.86 × 4.57 m

Lower

Bathroom
2.74 × 1.52 m
Bedroom 2
5.38 × 5.33 m
Bedroom
5.08 × 3.04 m

Estimated value range

$427K to $471K

An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.

Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.

Location & neighbourhood

Directions

Carling Heights

London East, ON

Schools nearbyclosest is Sir John A Macdonald Public School, 360 m

Elementary

  • Sir John A Macdonald Public School

    360 m · Grades JK-8

    Thames Valley District School Board

    5.3
  • Robarts Provincial School for the Deaf

    420 m · Grades JK-8

    Provincial

  • Robarts/Amethyst Demonstration Elementary School

    420 m · Grades 4-8

    Provincial

Secondary

  • Robarts Provincial School for the Deaf

    420 m · Grades 9-12

    Provincial

  • Robarts/Amethyst Demonstration Secondary School

    420 m · Grades 9-12

    Provincial

  • John Paul II Catholic Secondary School

    470 m · Grades 9-12

    London District Catholic School Board

    3.3

Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.

Monthly paymentest. $2,679/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,103
Property tax$232
Insurance (est.)$94
Utilities (est.)$250
Total monthly$2,679
Land transfer tax$5,455 on closing

Ontario LTT

$5,455

First-time rebate

−$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$449,000

Listed Jul 7, 2026

On the market

Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.

Sold comparables nearby

223 Michaelmas Street, London EastSold

223 Michaelmas Street, London East

2 bd·2 ba·700-1,100 sqft
1183 Patann Drive, London EastSold

1183 Patann Drive, London East

3 bd·2 ba·1,100-1,500 sqft

See what these 6 homes sold for

Create a free account to see sold prices and comparable sales.

Market conditionsBuyer’s market in London

6.1 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 97.5% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$502,500

Sale-to-list ratio

97.5%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $109,000 household income

Minimum household income required

$109,000

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

Not sure about financing? Call Colin at (226) 212-5099 or text

Rental market$2,398/mo median for 3 bed nearby

$2,398/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 60 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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CA

Colin Abbot, Broker

Oak and Key Real Estate Brokerage Inc.

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Colin Abbot, Broker

Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099

Not intended to solicit clients already under contract.

Information herein is deemed reliable but not guaranteed. Listing data is provided by the London and St. Thomas Association of REALTORS® through the MLS® System and is updated multiple times daily. All measurements, square footage, taxes, and property details should be independently verified by buyers and their representatives.

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