Homes for Sale in London, Ontario
754 LORNE Avenue
London East, N5W 3K8·MLS® X13536338·
Listing courtesy of Century 21 First Canadian Corp·Updated 4 hours ago
Listing price
$488,800
Est. $2,328/mo
Days on market
Listed Jul 8, 2026
Description
Welcome to 754 Lorne Avenue, a charming two-storey home offering exceptional versatility for homeowners, investors, and future developers alike. Currently configured as a spacious single-family residence, this 3+1 bedroom, 2 full bathroom home is situated on an R3-2 zoned lot with services in place for a potential duplex, triplex, or fourplex conversion. Inside, you'll find a thoughtfully updated interior that blends modern finishes with timeless character, including a renovated kitchen featuring stainless steel appliances and two beautifully updated bathrooms. Major improvements over the years include: Furnace/AC (2023), house roof (2025) and garage roof (2024), blown in attic insulation (2025), carpet (2026) driveway and front walkway (2015), and front porch (2016). Outside, enjoy a large double driveway, detached garage, and the added benefit of a new community park. Whether you're looking for a move-in ready family home, an income property, or a redevelopment opportunity, this property offers outstanding potential in a convenient location.
Property details
Garage
1 car Detached
Basement
Finished, Full
Parking
5 spaces
Type
Detached — 2-Storey
Heating
Forced Air
AI property estimate
76% confidence · 27 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
$6,251
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$650,000
74 Victoria Street, London East
Sold$535,000
85 Stuart 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
$1,955
Rental yield
4.8%
Est. cash flow
-$1,255
Cap rate
3.2%
Best time to sell
Affordability
Minimum household income required
$120,359
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$482,857
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