Homes for Sale in London, Ontario
1301 Michael Circle
London East, N5V 0B8·MLS® X13543482·
Listing courtesy of Keller Williams Lifestyles·Updated 4 hours ago
Listing price
$485,000
Est. $2,310/mo
Days on market
Listed Jul 9, 2026
Description
Opportunity knocks at 1301 Michael Circle! This freehold 2-storey townhouse offers the perfect chance for buyers willing to roll up their sleeves and build instant sweat equity. With no condo fees, a double-car garage, and a large pie-shaped lot, the potential here is undeniable.Featuring 3+1 bedrooms and 3.5 bathrooms, the spacious layout is ideal for families, investors, or parents looking to house students attending nearby Fanshawe College. The raised deck overlooks a private backyard, creating a great space for outdoor entertaining or relaxing.While the home would benefit from cosmetic updates, it's priced accordingly and offers an excellent opportunity to personalize and add value. Conveniently located near grocery stores, Walmart, shopping centres, restaurants, schools, and public transit.Just steps from Stronach Park, residents enjoy access to an arena, gymnasium, pool with waterslides, baseball diamonds, skate park, basketball courts, and playground. A fantastic location, solid layout, and attractive new price make this one worth a look!
Property details
Garage
2 car Attached
Basement
Finished
Parking
6 spaces
Type
Att/Row/Townhouse — 2-Storey
Heating
Forced Air
AI property estimate
73% confidence · 38 sold homes within 2 km, by price per sq ft
Location & neighbourhood
London East, ON
Large northeast area with schools, parks, and diverse housing near Fanshawe College.
Monthly payment estimate
Land transfer tax
Ontario LTT
$6,175
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$510,000
1320 Michael Circle, London East
Sold$663,500
1314 Michael Circle, London East
See all 10 comparables
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Market conditions · East D
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
$1,940
Rental yield
4.8%
Est. cash flow
-$1,246
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$119,488
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$747,863
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