626 First Street #505 · London, N5V 2A2
MLS® X13619660
Listed Jul 30, 2026
Listing courtesy of Sutton Group - Select Realty·Listing last changed Sep 28
Key facts
- Property type
- Condo apt
- Square footage
- 800-899 sqft
- Storeys
- 1
- Parking
- 1 space
- Property tax
- $2,213/yr (2025)
Description
This versatile property can be your new home or a turn-key investment opportunity! This top-floor condo is conveniently located right across from Fanshawe College, and currently accommodates 4 single student rental rooms, kitchen and 2 full baths. Current monthly RENTAL INCOME is over $3000! This property can also be easily reversed back to a SINGLE FAMILY unit at any time. BONUS: All bedroom FURNISHINGS are included - smart tv's, beds, desks, bookshelves and more! The solid brick building is equipped with an elevator and security cameras throughout. A helpful and friendly on-site building manager, 1 assigned parking spot, and water are also included in maintenance fees. Other amenities include restaurants, stores, parks, and transportation.
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Property details
Interior
- Size
- 800-899 sqft
- Rooms
- 7 rooms
- Bathrooms
- 2 × 4-piece
- Basement
- None
- Heating
- Baseboard
- Cooling
- None
- Ensuite laundry
- Yes
Building & lot
- Type
- Condo apt, 1 Storey/Apt
- Exterior
- Brick
- Storeys
- 1
- Exposure
- South East
Parking
- Parking
- 1 space
- Locker
- None
Fees & taxes
- Condo fee
- $536/mo
- Fee includes
- water, parking
- Pets
- Yes, with restrictions
- Property tax
- $2,213/yr (2025)
- Corporation
- MCC 233
- Managed by
- Sean Eglinston
Estimated value range
$284K to $314K
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
DirectionsLondon East, ON
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Schools nearbyclosest is Forest City Public School, 420 m
Elementary
- 4.8
Forest City Public School
420 m · Grades JK-8
Thames Valley District School Board
Robarts Provincial School for the Deaf
850 m · Grades JK-8
Provincial
Robarts/Amethyst Demonstration Elementary School
850 m · Grades 4-8
Provincial
Secondary
- 3.3
John Paul II Catholic Secondary School
780 m · Grades 9-12
London District Catholic School Board
Robarts Provincial School for the Deaf
850 m · Grades 9-12
Provincial
Robarts/Amethyst Demonstration Secondary School
850 m · Grades 9-12
Provincial
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. $2,433/mo all in
Monthly payment estimate
Land transfer tax$2,960 on closing
Ontario LTT
$2,960
First-time rebate
−$2,960
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Jul 30, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Soldunit304 - 626 First Street, London East
202 - 626 First Street, London East
See what these 3 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBuyer’s market in London
6.1 months of inventory: buyers have more options and negotiating power. Nearby, 3 sales in the last 90 days went for an average of 94.6% of asking.
Avg. sold price
$360,000
Sale-to-list ratio
94.6%
Based on 3 recent comparable sales near this home.
Affordabilityneeds $76,000 household income
Minimum household income required
$76,000
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? Call Colin at (226) 212-5099 or text
Rental market$2,600/mo median for 4 bed nearby
$2,600/month is the median rent for 4-bedroom homes leased within 3km over the past 12 months, across 9 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.
Get notified about similar homes
New condo apt listings in Argyle.
Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
Not intended to solicit clients already under contract.
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