Homes for Sale in London, Ontario
200 Rhine Avenue
London East, N5Y 1C6·MLS® X13567284·
Listing courtesy of Sutton Group - Select Realty·Updated 3 hours ago
Listing price
$399,999
Est. $1,905/mo
Days on market
Listed Jul 15, 2026
Description
Welcome to this charming and well-maintained fully detached 2-storey home in desirable North East London, offering the perfect blend of comfort, space, and investment potential. Nestled on a quiet, family-friendly street, this bright and inviting home is just minutes from Fanshawe College, schools, parks, shopping, public transit, and provides quick access to Highway 401, making it an excellent choice for families, professionals, and investors alike.Filled with natural light, this home features solid hardwood flooring throughout the main and second floors, creating a warm and timeless feel. The spacious living room is ideal for relaxing or entertaining, while the functional kitchen offers plenty of workspace with room for additional storage. Four generously sized bedrooms on the second floor provide an ideal layout for growing families or student rentals.A separate rear entrance leads to the partially finished lower level, featuring a spacious recreation room, den, laundry area, and excellent potential to add another bathroom and create a secondary suite for additional rental income or multi-generational living.Step outside to a beautifully maintained, fully fenced 50' x 100' pool-sized backyard, offering endless possibilities for entertaining, children, pets, gardening, or future outdoor projects. The private paved driveway accommodates 3 to 4 vehicles, while economical utility costs help keep ownership affordable.Whether you're searching for a comfortable family home, a turn-key student rental, or an investment property with future income potential, this versatile home checks all the boxes. Don't miss this outstanding opportunity to own a property in one of North East London's most convenient and sought-after neighbourhoods.
Property details
Basement
Full, Separate Entrance, Partially Finished
Parking
4 spaces
Type
Detached — 2-Storey
Heating
Forced Air
AI property estimate
75% confidence · 22 sold homes within 2 km, by price per sq ft
Location & neighbourhood
London East, ON
Large northeast area with schools, parks, and diverse housing near Fanshawe College.
Monthly payment estimate
Land transfer tax
Ontario LTT
$4,475
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$399,322
453 Salisbury Street, London East
Sold$687,500
277 McMahen Street, London East
See all 10 comparables
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Market conditions · East C
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
$1,600
Rental yield
4.8%
Est. cash flow
-$1,071
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$100,178
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$555,556
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