238 Fleming Drive
London East, N5V 4Y9·MLS® X13647892
Listing courtesy of Re/max Icon Realty·Updated 3 hours ago
Listing price
$544,900
Est. $2,595/mo
Days on market
Listed Aug 6, 2026
Description
Licensed Rental Property Just Steps from Fanshawe College! Exceptional investment opportunity in one of London's highest-demand rental areas. This spacious 4-level backsplit offers 5+1 bedrooms, a separate side entrance, and an excellent layout with strong future income potential. The bright open-concept main floor features a spacious living room, dining area, and kitchen. The upper level offers 3 bedrooms and a 4-piece bathroom, while the lower level includes 2 bedrooms, a 3-piece bathroom, and private side entrance. The basement features a 6th bedroom with new flooring, plus dedicated laundry and storage rooms. Freshly painted with numerous updates, this move-in-ready property also includes a fully fenced backyard, attached garage, and parking for 2 additional vehicles. Excellent potential for 2 independent living units. Conveniently located near public transit, shopping, restaurants, and all amenities. Aggressively priced and ready for its next owner-don't miss this outstanding investment opportunity!
Property details
Garage
1 car Built-In
Basement
Full, Separate Entrance, Finished
Parking
3 spaces
Type
Detached — Backsplit 4
Heating
Forced Air
Property tax
$3,889/yr (2026)
AI property estimate
Automated estimate from recent comparable sales — not a formal appraisal, and not a statement that this listing is priced incorrectly.
72% confidence · 24 sold homes within 2 km, by price per sq ft
Location & neighbourhood
London East, ON
Large northeast area with schools, parks, and diverse housing near Fanshawe College.
Monthly payment estimate
Land transfer tax
Ontario LTT
$7,373
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 4 times · asking price down 15% from the first ask
Listed Aug 6, 2026
Listed May 22, 2026
Listed Aug 14, 2025 · 62 days on market
Oct 15, 2025
Listed May 30, 2025 · 75 days on market
Aug 13, 2025
137 days on the market in total across 4 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.
Sold comparables nearby
Sold$396,000
200 Rhine Avenue, London East
Sold$682,900
80 Empire Street, London East
See all 6 sold comparables
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Market conditions · Huron Heights
Avg. sold price
$580,612
Sale-to-list ratio
98.3%
Based on 6 recent comparable sales near this home.
Affordability
Minimum household income required
$133,107
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Not sure about financing? Ask Colin →Similar Listings
AI estimate
$634,123
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbott
Broker
519-859-4579 · colin@searchlondonhomes.com
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