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
Listing price
$389,900
Est. $1,857/mo
Days on market
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
78% confidence · 23 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
$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
Sold comparables nearby
Sold$385,000
1185 Albany Street, London East
Sold$543,000
321 Spruce Street, London East
See all 10 comparables
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Market conditions · East N
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
Affordability
Minimum household income required
$97,889
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$777,778
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