$599,900
Est. $2,810/mo mortgage
340 Riverside Drive · London North, N6H 1E9
MLS® X13639732
Listed Aug 5, 2026
Listing courtesy of The Realty Firm INC.·Updated Aug 5
Description
Welcome to 340 Riverside Drive, this well-maintained home offers an excellent opportunity for investors, owner-occupants or large families looking for a property with solid rental income and significant recent upgrades. Unit A is a large 3 bedroom, 2 storey apartment with a large kitchen/dining room area, 2 living rooms, a private back deck, lots of extra space throughout. Unit B is a 1 bedroom with lots of space. The basement is completely separate and fully renovated too. Over the past five years, the property has undergone extensive improvements, including new vinyl flooring throughout, updated paint and trim, a high-efficiency furnace installed in 2026, a newer water heater, updated toilets, and numerous interior renovations. While the exterior has been enhanced with fresh paint, new landscaping, and a privacy fence. The property currently generates **$3,600 per month in gross rental income**, with the one-bedroom unit renting for **$1,400/month** (all-inclusive) and the three-bedroom unit renting for **$2,200/month** (all-inclusive). This home is in a great area, close to downtown, all shopping, anything you can think of.
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Property details
Interior
- Interior
- 1500-2000 sqft
- Rooms
- 11 rooms · 2 kitchens
- Bathrooms
- 1 × 4-piece on Second, 1 × 3-piece on Main, 1 × 3-piece on Basement
- Basement
- Partially Finished
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, 1 1/2 Storey
- Lot size
- 121.39 × 99.88 ft
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Shingles
- Water & sewer
- Sewer
Parking
- Driveway
- Circular Drive, Private Double (5 spaces)
- Parking
- 5 spaces
Fees & taxes
- Property tax
- $6,186/yr (2025)
Rooms
Main
- Great Room
- 5.79 × 5.63 m
- Living Room
- 5.79 × 5.63 m
- Kitchen
- 3.5 × 2.28 m
- Kitchen
- 5.79 × 3.35 m
- Dining Room
- 5.48 × 3.04 m
Second
- Bedroom 3
- 3.65 × 2.59 m
- Bedroom 2
- 3.65 × 3.65 m
- Primary Bedroom
- 5.58 × 4.87 m
Lower
- Bedroom
- 3.14 × 2.54 m
- Living Room
- 5.63 × 3.81 m
- Kitchen
- 3.65 × 2.74 m
AI property estimate
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
75% confidence · 40 sold homes within 2 km, by price per sq ft
Monthly paymentest. $3,547/mo all in
Monthly payment estimate
Land transfer tax$8,473 on closing
Ontario LTT
$8,473
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Aug 5, 2026
Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.
Sold comparables nearby
Sold$458,000
316 Ridgewood Crescent, London South
Sold$810,000
104 - 25 Becher Street, London South
See what these 6 homes sold for
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Market conditionsSeller's market in London North
Homes here are selling above asking. Based on 6 sales in the last 90 days, at an average of 105.8% of asking.
Avg. sold price
$523,583
Sale-to-list ratio
105.8%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $147,000 household income
Minimum household income required
$147,000
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$2,500/mo median for 3 bed nearby
$2,500/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 55 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.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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