1047 Patricia Street
London East, N6A 3V3·MLS® X13601016·
Listing courtesy of Blue Forest Realty INC.·Updated 2 hours ago
Listing price
$699,900
Est. $3,333/mo
Days on market
Listed Jul 24, 2026
Description
Steps to King's and Western, with King's visible right from the front porch, this well-maintained 3+2 bedroom, 2 full bathroom home is a turnkey investment in one of London's most in-demand student rental pockets. Unlike the typical student rental, this property has been genuinely well cared for, featuring a beautifully updated kitchen, warm hardwood floors throughout, and a private yard with deck for outdoor living. The home is fully rented for the current school year at $4,500 per month plus utilities, and comes with a current city rental license already in place, making this a true turnkey opportunity for an investor. A fantastic addition to any portfolio, in a location students consistently want to live in.
Property details
Basement
Finished
Parking
2 spaces
Type
Detached — 2-Storey
Heating
Forced Air
AI property estimate
Automated estimate from recent comparable sales — not a formal appraisal, and not a statement that this listing is priced incorrectly.
74% confidence · 27 sold homes within 2 km, by price per sq ft
Location & neighbourhood
London East, ON
Established subdivision east of Masonville surrounded by the Stoney Creek Valley.
Monthly payment estimate
Land transfer tax
Ontario LTT
$10,473
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$460,000
697 Victoria Street, London East
Sold$861,000
11 Tallwood Circle, London North
See all 10 comparables
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Market conditions · East B
Avg. sold price
$706,833
Sale-to-list ratio
94.9%
Based on 6 recent comparable sales near this home.
Investment analysis
Est. monthly rent
$2,800
Rental yield
4.8%
Est. cash flow
-$1,688
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$168,287
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Not sure about financing? Ask Colin →Similar Listings
AI estimate
$586,456
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbott
Broker
519-859-4579 · colinabbot@gmail.com
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