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Homes for Sale in London, Ontario

56 Classic Crescent

London East, N5W 5T8·MLS® X13543492·

Listing courtesy of Exp Realty·Updated 4 hours ago

For sale
1 / 35
3Beds
2Baths
1,100-1,500Sqft
31-50Year Built

Listing price

$625,000

Est. $2,977/mo

Days on market

1

Listed Jul 9, 2026

Description

Thoughtfully updated and move-in ready, this versatile east London home offers a rare combination of warmth, flexibility, and multi-generational appeal in a quiet, established neighbourhood. The open-concept main floor feels immediately welcoming with fresh paint throughout the main floor and bedrooms completed within the last two years, a stunning dining area chandelier that blends old-world charm with modern styling, and an upstairs washer and dryer for everyday convenience. The full basement off the side entrance is where this property truly sets itself apart. No expense was spared in the 2025 transformation of the bathroom, featuring a glass shower, upgraded vanity, crystal light fixtures, a sleek modern toilet, and vinyl flooring. A kitchenette area, full bathroom, and additional room create a lower level that functions beautifully as a private space for extended family, adult children, a university student, or guests, with thoughtful separation between levels allowing for comfort and independence on both floors. The heated and insulated garage adds exceptional year-round utility, complemented by a metal roof on the home for long-term durability. Key updates include a brand new furnace (2026), metal roof believed to be 2018, and garage roof 2022. Outside, a peaceful backyard water feature with a small pond creates a genuinely calming retreat. Minutes to Highway 401, Veterans Memorial Parkway, Argyle Mall, Walmart, Canadian Tire, restaurants, schools, and parks. A home that grows with you.

Property details

Garage

2 car Detached

Basement

Finished, Full

Parking

7 spaces

Type

Detached — Backsplit 4

Heating

Forced Air

AI property estimate

$678,889Above Market
$585,000$722,367

80% confidence · 29 sold homes within 2 km, by price per sq ft

Location & neighbourhood

East P

London East, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,977
Property tax$677
Insurance (est.)$130
Utilities (est.)$250
Total monthly$4,034

Land transfer tax

Ontario LTT

$8,975

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
$625,000

Sold comparables nearby

639 Railton Avenue, London EastSold

$640,000

639 Railton Avenue, London East

3 bd·3 ba·2,000-2,500 sqft
153 Baffin Road, London EastSold

$470,000

153 Baffin Road, London East

3 bd·2 ba·700-1,100 sqft

See all 10 comparables

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Market conditions · East P

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

$2,500

Rental yield

4.8%

Est. cash flow

-$1,534

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

$151,267

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

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AI estimate

$678,889

Above Market

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