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Homes for Sale in London, Ontario

89 Heather Crescent

London East, N5W 4L6·MLS® X13555464·

Listing courtesy of Forest Hill Real Estate INC.·Updated 10 hours ago

For sale
1 / 38
4Beds
2Baths
1,500-2,000Sqft
51-99Year Built

Listing price

$389,900

Est. $1,857/mo

Days on market

1

Listed Jul 13, 2026

Description

Attention Renovators/Contractors: Welcome to this value-add opportunity in the Hale Street District of Argyle, one of East London's established residential pockets. This Estate-sale up/down Duplex is set on a spacious 45' x 127' corner lot within a small, quiet cul-de-sac enclave with limited through traffic, offering a rare chance to unlock the potential of a well-located property close to schools, Argyle Mall, shopping, transit, and major employment corridors including Veterans Memorial Parkway.Zoned R1-5, this 1.5 storey tenanted property features a spacious Main Unit that spans the main floor and lower level, offering approximately 1,500+ sq. ft. of combined living space with 2 bedrooms, 1 bathroom, a dine-in kitchen, living room, rear family room addition with gas fireplace and skylights, plus additional lower-level living space and versatile den ideal as a home office or guest space. The Upper Unit, with its own private entrance, offers approximately 560+ sq. ft. with 2 bedrooms, 1 bathroom, cozy living room, and walkout access to a private outdoor deck. Each unit is separately metered for hydro and has its own owned hot water tank.The property requires updating and is being sold in "as-is, where-is" condition with no representations or warranties, and has been priced accordingly. With the right vision, this is an ideal opportunity for renovators, contractors, or live-in buyers with a longer-term ownership plan who are prepared to build equity through improvements and bring new life to a property with meaningful long-term potential.

Property details

Basement

Partially Finished

Parking

3 spaces

Type

Duplex — 1 1/2 Storey

Heating

Forced Air

AI property estimate

$777,778Above Market
$534,000$866,250

78% confidence · 23 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Argyle

London East, ON

Expansive east London district with parks and a wide range of affordable to mid-range housing.

Monthly payment estimate

Mortgage (5.24%, 25yr)$1,857
Property tax$422
Insurance (est.)$81
Utilities (est.)$250
Total monthly$2,610

Land transfer tax

Ontario LTT

$4,324

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 13, 2026Listed
$389,900

Sold comparables nearby

1185 Albany Street, London EastSold

$385,000

1185 Albany Street, London East

4 bd·3 ba·1,500-2,000 sqft
321 Spruce Street, London EastSold

$543,000

321 Spruce Street, London East

3 bd·3 ba·1,500-2,000 sqft

See all 10 comparables

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Market conditions · East N

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

$1,560

Rental yield

4.8%

Est. cash flow

-$1,050

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

$97,889

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

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AI estimate

$777,778

Above Market

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