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$345,600

Est. $1,619/mo mortgage

3bd·2ba·900-999sqft

626 First Street #204 · London East, N5V 2A2

MLS® X13596044

64 days on market64 days on market

Listed Jul 21, 2026

Listing courtesy of Prime Real Estate Brokerage·Updated Jul 23

Description

Whether you are a savvy investor looking to add a cash flowing asset to your portfolio or a parent with a child attending Fanshawe College, this one checks every box.Welcome to this bright and well-maintained 3 bedroom, 2 full bathroom condo apartment located on the second floor and just steps from Fanshawe College and everything the neighbourhood has to offer. With a built-in tenant pool right at your doorstep, this property practically markets itself.Inside you will find a thoughtfully updated space with a long list of recent improvements already taken care of for you. The entire unit was freshly painted in August 2025, giving it a clean and modern feel from the moment you walk in. The kitchen features a brand new sink and countertop installed in January 2025, a stylish backsplash, and a newer stove making it both functional and visually appealing. Both full bathrooms received updated toilets and minor updates in 2022, and the entire unit is carpet free following the installation of luxury vinyl plank flooring throughout in 2020.The layout offers comfortable living and dining areas that flow naturally together, while the private open balcony gives you that outdoor space to relax and recharge. Three generously sized bedrooms and two full bathrooms make this an ideal setup for students, young professionals, or families alike.Properties this close to Fanshawe do not stay available for long. Student demand in this area remains consistently strong year round, making vacancy a rare concern for investors who own here. Whether you choose to live here or lease it out, the location and the upgrades make this an easy decision.Move-in ready, well maintained, and priced to move.

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Property details

Interior

Interior
900-999 sqft
Rooms
8 rooms
Bathrooms
2 × 4-piece on Main
Basement
None
Heating
Baseboard
Cooling
Window Unit(s)
Laundry
N

Building & lot

Type
Condo Apartment, Apartment
Exterior
Brick
Storeys
2
Exposure
East

Parking

Parking
1 spaces
Locker
None

Fees & taxes

Condo fee
$625/mo
Fee includes
water, parking
Pets
Yes-with Restrictions
Property tax
$1,794/yr (2026)
Corporation
MCC 239
Managed by
Sean Eglinston

Rooms

Main

Bedroom
4.26 × 3.65 m
Bedroom
4.26 × 3.65 m
Bedroom
4.26 × 3.65 m
Kitchen
3.04 × 3.04 m
Living Room
5.48 × 6.09 m

AI property estimate

$268,962Estimate is ~22.2% below asking

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

$242,066$295,858

80% confidence · 39 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Downtown London

London East, ON

Urban core with condos, restaurants, and transit access.

Monthly paymentest. $2,774/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,619
Property tax$208
Insurance (est.)$72
Utilities (est.)$250
Condo fee$625
Total monthly$2,774
Land transfer tax$3,659 on closing

Ontario LTT

$3,659

First-time rebate

$3,659

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

Price & listing history

$345,600

Listed Jul 21, 2026

On the market

Sold comparables nearby

1102 - 19 KING Street, London EastSold

1102 - 19 KING Street, London East

2 bd·2 ba·1,600-1,799 sqft
1901 - 389 Dundas Street, London EastSold

1901 - 389 Dundas Street, London East

3 bd·2 ba·1,200-1,399 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in London East

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 95.5% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$358,983

Sale-to-list ratio

95.5%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $87,000 household income

Minimum household income required

$87,000

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$2,250/mo median for 3 bed nearby

$2,250/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 61 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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