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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

For sale
1 / 33
3Beds
4Baths
1,500-2,000Sqft
6-15Year Built

Listing price

$485,000

Est. $2,310/mo

Days on market

1

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

$747,863Above Market
$662,131$871,971

73% confidence · 38 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Huron Heights

London East, ON

Large northeast area with schools, parks, and diverse housing near Fanshawe College.

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,310
Property tax$525
Insurance (est.)$101
Utilities (est.)$250
Total monthly$3,186

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

Jul 9, 2026Listed
$485,000

Sold comparables nearby

1320 Michael Circle, London EastSold

$510,000

1320 Michael Circle, London East

3 bd·4 ba·1,100-1,500 sqft
1314 Michael Circle, London EastSold

$663,500

1314 Michael Circle, London East

3 bd·3 ba·1,500-2,000 sqft

See all 10 comparables

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Market conditions · East D

Buyer's marketBalancedSeller's market

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

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$119,488

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$747,863

Above Market

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