340 Riverside Drive
London North, N6H 1E9·MLS® X13639732
Listing courtesy of The Realty Firm INC.·Updated 1 hour ago
Listing price
$599,900
Est. $2,857/mo
Days on market
Listed Aug 5, 2026
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.
Property details
Basement
Partially Finished
Parking
5 spaces
Type
Detached — 1 1/2 Storey
Heating
Forced Air
Property tax
$6,186/yr (2025)
AI property estimate
Automated estimate from recent comparable sales — not a formal appraisal, and not a statement that this listing is priced incorrectly.
71% confidence · 19 sold homes within 2 km, by price per sq ft
Location & neighbourhood
Monthly payment estimate
Land transfer tax
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 2 times · asking price down 8% from the first ask
Listed Aug 5, 2026
Listed Jul 6, 2026 · 29 days on market
Aug 4, 2026
29 days on the market in total across 2 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.
Sold comparables nearby
Sold$593,000
172 CHEPSTOW Close, London North
Sold$700,000
71 Langarth Street, London South
See all 6 sold comparables
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Market conditions · London North
Avg. sold price
$589,733
Sale-to-list ratio
95.1%
Based on 6 recent comparable sales near this home.
Affordability
Minimum household income required
$145,577
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Not sure about financing? Ask Colin →Similar Listings
AI estimate
$594,106
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbott
Broker
519-859-4579 · colin@searchlondonhomes.com
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