Homes for Sale in London, Ontario
1421 Fanshawe Park Road
London North, N5X 3Z9·MLS® X13562302·
Listing courtesy of Initia Real Estate·Updated 5 hours ago
Listing price
$789,000
Est. $3,758/mo
Days on market
Listed Jul 14, 2026
Description
Incredible investment or development opportunity at a major London intersection (Highbury Ave & Fanshawe Park Rd)! Welcome to 1421 Fanshawe Park Road East, a rare high-yield property and strategic land bank opportunity in London's rapidly intensifying transit corridor. Situated on a massive 0.75-acre corner site at the major intersection of Highbury Ave N & Fanshawe Park Rd E, this property aligns perfectly with the City's aggressive growth and density objectives. With surrounding lands recently rezoned to R5/R6/R8, this site offers massive long-term redevelopment potential for stacked townhomes, mid-rise buildings, or apartment developments (subject to municipal approvals).The existing turn-key home functions as an exceptional immediate income-generator. The spacious layout features 4+2 bedrooms, 2 full kitchens, and a fully finished basement with a separate entrance-perfect for a high-density student rental or multi-generational living. Additional features include a double-car garage, ample multi-car parking, and a peaceful backyard backing onto a scenic pond. Boasting a transit stop directly at the doorstep and minutes to Fanshawe College, shopping, and major amenities, this is an unbeatable addition to any portfolio. Roofing was done in 2023. Unbeatable convenience with a bus stop at your doorstep and minutes to Fanshawe College, shopping, and amenities!
Property details
Garage
2 car Attached
Basement
Apartment, Finished
Parking
4 spaces
Type
Detached — Bungalow
Heating
Forced Air
AI property estimate
80% confidence · 28 sold homes within 2 km, by price per sq ft
Location & neighbourhood
London North, ON
One of London's fastest-growing areas with parks, ponds, and creek-side trails.
Monthly payment estimate
Land transfer tax
Ontario LTT
$12,255
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$605,000
1199 Blackmaple Drive, London East
Sold$675,000
1121 South Wenige Drive, London North
See all 10 comparables
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Market conditions · North 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
$3,156
Rental yield
4.8%
Est. cash flow
-$1,871
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$188,496
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$501,429
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