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For sale
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$499,900

Est. $2,342/mo mortgage

2bd·1ba·1,100-1,500sqft

77 Elm Street · London East, N5Z 2K4

MLS® X13588154

64 days on market64 days on market

Listed Jul 21, 2026

Listing courtesy of Pc275 Realty INC.·Updated Sep 14

Description

Welcome to this thoughtfully renovated bungalow that perfectly blends modern style, character, and income potential! Ideally located in a family-friendly neighbourhood just minutes from parks, the recreation centre, and arena, this move-in-ready home offers exceptional value. The bright and inviting main floor features two bedrooms, an open-concept living and dining area with soaring ceilings and stunning exposed beams, creating a warm and spacious atmosphere. The beautifully designed kitchen offers an abundance of cabinetry and counter space, while the large bathroom is filled with natural light from the skylight above. The partially finished basement includes a third bedroom and offers additional space ready for your personal finishing touches -- ideal for a family room, home office, gym, or extra storage. Your own backyard oasis awaits! Spend summer days relaxing by the in ground pool, complete with a new pool cover, sand filter, and equipment (2026). The large deck with a natural gas BBQ hookup provides the perfect space for entertaining family and friends, while the expansive covered front porch is an inviting place to enjoy your morning coffee or unwind in the evening. One of this property's most impressive features is the detached garage, which has been converted into a self-contained bachelor apartment. The front section of the garage remains a dedicated pool equipment room, offering convenient storage and functionality. Additional updates include new windows and doors (2025), as well as a new air conditioner and boiler unit, providing peace of mind for years to come. Whether you're looking for a beautifully updated family home, a property with mortgage-helping rental income, or an investment opportunity, this unique bungalow truly has it all. Don't miss your chance to own this exceptional home!

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Property details

Interior

Interior
1100-1500 sqft
Rooms
5 rooms
Bathrooms
1 × 4-piece on Main
Basement
Finished, Full
Heating
Water
Cooling
Other

Building & lot

Type
Detached, Bungalow
Age
100+ years
Lot size
36 × 140 ft
Exterior
Brick
Foundation
Poured Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer
Pool
Inground

Parking

Driveway
Private Double (3 spaces)
Parking
3 spaces

Fees & taxes

Property tax
$3,085/yr (2025)

Rooms

Main

Dining Room
5.79 × 3.3 m
Bedroom
3.65 × 2.92 m
Other
9.29 × 6.09 m
Bedroom
2.94 × 2.43 m
Kitchen
4.87 × 3.3 m

Lower

Bedroom
5.3 × 3.98 m
Recreation
7.92 × 4.62 m

AI property estimate

$471,044Estimate is ~5.8% below asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$423,940$518,148

72% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Argyle

London East, ON

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

Monthly paymentest. $2,997/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,342
Property tax$301
Insurance (est.)$104
Utilities (est.)$250
Total monthly$2,997
Land transfer tax$6,473 on closing

Ontario LTT

$6,473

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$499,900

Listed Jul 21, 2026

On the market

Sold comparables nearby

479 Woodman Avenue, London EastSold

479 Woodman Avenue, London East

2 bd·1 ba·700-1,100 sqft
581 Hale Street, London EastSold

581 Hale Street, London East

2 bd·1 ba·< 700 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in Glen Cairn

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 93.7% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$373,750

Sale-to-list ratio

93.7%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $124,000 household income

Minimum household income required

$124,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin
Rental market$1,700/mo median for 2 bed nearby

$1,700/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 98 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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