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For sale
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$659,900

Estimated value $627K to $693K

Est. $3,091/mo mortgage

3+2bd·2ba·1,100-1,500sqft

1047 Patricia Street · London, N6A 3V3

MLS® X13601016

94 days on market94 days on market

Listed Jul 24, 2026

Listing courtesy of Blue Forest Realty INC.·Listing last changed Sep 16

Key facts

Property type
Detached
Square footage
1,100-1,500 sqft
Lot size
30 × 96 ft
Age
100+ years
Parking
2 spaces
Property tax
$4,542/yr (2026)

Description

Steps to King's and Western, with Western visible right from the front porch, this well-maintained home offers 3 bedrooms above grade plus two additional finished rooms in the lower level, along with 2 full bathrooms, 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 and warm hardwood floors throughout. The private yard with deck adds great outdoor living space. Currently fully rented for the current school year at $4,500 per month plus utilities. A fantastic turnkey addition to any investment portfolio, in a location students consistently want to live in.

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Property details

Interior

Size
1,100-1,500 sqft
Bedrooms
3 above grade, 2 lower level
Rooms
6 rooms
Bathrooms
1 × 4-piece on Second, 1 × 3-piece on Basement
Basement
Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, 2-Storey
Age
100+ years
Lot size
30 × 96 ft
Exterior
Brick, Aluminum Siding
Foundation
Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Driveway
Private Double (2 spaces)
Parking
2 spaces

Fees & taxes

Property tax
$4,542/yr (2026)

Rooms

Main

Foyer
4.19 × 2.3 m
Kitchen
4.01 × 3.28 m
Living Room
4.81 × 3.85 m
Dining Room
3.69 × 2.88 m

Second

Bedroom
4.22 × 2.98 m
Bedroom
3.03 × 2.47 m
Primary Bedroom
5.04 × 2.7 m

Basement

Bedroom
4.06 × 3.16 m
Bedroom
4.29 × 3.16 m

Estimated value range

$627K to $693K

An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.

Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.

Location & neighbourhood

Directions
Old North →

London East, ON

Tree-lined streets, heritage homes, walkable to Richmond Row.

Schools nearbyclosest is Old North Public School, 620 m

Elementary

  • Old North Public School

    620 m · Grades JK-8

    Thames Valley District School Board

    8.4
  • St Michael Separate School

    1.1 km · Grades JK-8

    London District Catholic School Board

    5.7
  • St Georges Public School

    1.4 km · Grades JK-8

    Thames Valley District School Board

    8.0

Secondary

  • École secondaire catholique Monseigneur-Bruyère

    2.0 km · Grades 9-12

    Conseil scolaire de district des écolesCatholique

    6.3
  • London Central Secondary School

    2.5 km · Grades 9-12

    Thames Valley District School Board

    8.0
  • A B Lucas Secondary School

    2.7 km · Grades 9-12

    Thames Valley District School Board

    6.8

Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.

Monthly paymentest. $3,857/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$3,091
Property tax$379
Insurance (est.)$137
Utilities (est.)$250
Total monthly$3,857
Land transfer tax$9,673 on closing

Ontario LTT

$9,673

First-time rebate

−$4,000

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

Price & listing history

$659,900

Listed Jul 24, 2026

On the market

Sold comparables nearby

53 Victoria Street, London EastSold

53 Victoria Street, London East

4 bd·2 ba·1,500-2,000 sqft
7 Chalmers Street, London EastSold

7 Chalmers Street, London East

4 bd·3 ba·2,000-2,500 sqft

See what these 6 homes sold for

Create a free account to see sold prices and comparable sales.

Market conditionsBuyer’s market in London

7 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 93.1% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$640,667

Sale-to-list ratio

93.1%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $159,000 household income

Minimum household income required

$159,000

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

Not sure about financing? Ask Colin →
Rental market$2,345/mo median for 3 bed nearby

$2,345/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 39 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

No obligation. Pick a time that suits you.

(226) 212-5099 · colin@searchlondonhomes.com

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