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1201 Patann Drive

London East, N5V 2J3·MLS® X13601206·

Listing courtesy of Blue Forest Realty INC.·Updated 3 hours ago

For sale
1 / 40
2Beds
2Baths
700-1,100Sqft
Year Built

Listing price

$485,000

Est. $2,310/mo

Days on market

1

Listed Jul 24, 2026

Description

Lovely solid brick family home situated on a desirable corner lot in a grea location. this well cared home offers solid construction and plenty of potential to make it your own. Featuring an irrigation system for easy lawn maintenance and an owned hot water tank 2024. This property has been lovingly maintained and is ready for its next chapter.

Property details

Basement

Finished

Parking

3 spaces

Type

Detached — Bungalow

Heating

Forced Air

AI property estimate

$400,000~17.5% below asking

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

$340,143$525,000

75% confidence · 23 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Huron Heights

London East, ON

Large northeast area with schools, parks, and diverse housing near Fanshawe College.

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,310
Property tax$525
Insurance (est.)$101
Utilities (est.)$250
Total monthly$3,186

Land transfer tax

Ontario LTT

$6,175

First-time rebate

$4,000

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

Price & listing history

Jul 24, 2026Listed
$485,000

Sold comparables nearby

75 Connaught Avenue, London EastSold

$325,000

75 Connaught Avenue, London East

1 bd·1 ba·700-1,100 sqft
102 Honeysuckle Crescent, London EastSold

$440,000

102 Honeysuckle Crescent, London East

3 bd·2 ba·1,100-1,500 sqft

See all 10 comparables

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Market conditions · East D

Buyer's marketBalancedSeller's market

Avg. sold price

$499,167

Sale-to-list ratio

96.6%

Based on 6 recent comparable sales near this home.

Investment analysis

Est. monthly rent

$1,940

Rental yield

4.8%

Est. cash flow

-$1,246

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$119,488

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

Not sure about financing? Ask Colin

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AI estimate

$400,000

Below Market
CA

Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbott

Broker

519-859-4579 · colinabbot@gmail.com

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