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For sale
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$499,900

Est. $2,342/mo mortgage

2bd·2ba·700-1,100sqft

1121 Gatewood Road · London East, N5Y 4Z3

MLS® X13656962

46 days on market46 days on market

Listed Aug 10, 2026

Listing courtesy of Thrive Realty Group INC.·Updated Aug 17

Description

If you have been waiting for a home that offers the perfect location along with complete pride of ownership, your search ends here! This brick bungalow in a lovely neighborhood is just steps to Ed Blake Park, a short walk to Louise Arbour, Northbrae, and Monseigneur-Bruyere schools, Thames Valley Trails, many local amenities, and a short bus or drive will get you to Fanshawe, Western, SJHC and University Hospital. This extremely well-maintained home features a traditional living/dining room and a recently upgraded eat-in-kitchen with stunning white cabinetry, quartz countertops, beautiful subway tile backsplash, gas stove, stainless fridge and dishwasher. The large recroom has a roughed-in wet bar that could be set up, and the rest of the basement has very generous storage space including washing machine and gas dryer. The side entrance porch boards and backyard fence entrance are newer. Enjoy the private, fully fenced backyard, and the cute shed will be useful for many outdoor items. Basement, living room, bathroom, kitchen and bedroom windows have all been replaced. Other upgrades include, gas water tank (2020), custom California shutters (2019), luxury plank flooring throughout main floor (2019), R60 insulation in the attic (2019), furnace and a/c (2019), skylight in office was replaced with Solatube (2019),concrete drive (2017) and roof (2013). Excellent value here - simply move in and enjoy!

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Property details

Interior

Size
700-1100 sqft
Rooms
12 rooms
Bathrooms
1 × 4-piece, 1 × 2-piece
Basement
Full, Partially Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Age
31-50 years
Lot size
35 × 100 ft · Not Applicable acres
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Driveway
Private (2 spaces)
Parking
2 spaces

Fees & taxes

Property tax
$3,437/yr (2026)

Rooms

Main

Dining Room
2.83 × 2.72 m
Bedroom 2
3.04 × 3.98 m
Primary Bedroom
3.85 × 2.97 m
Kitchen
4.06 × 4.51 m
Office
2.83 × 2.66 m
Bathroom, 4 Pc Bath
3.04 × 1.5 m
Living Room
4.62 × 3.43 m
Foyer
1.75 × 1.33 m

Basement

Other
3.33 × 5.95 m
Other
n/a
Recreation
6.98 × 6.72 m
Utility Room
4.82 × 5.95 m
Bathroom
1.68 × 1.74 m

AI property estimate

$425,000Estimate is ~15.0% below asking

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

$382,500$467,500

73% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Huron Heights →

London East, ON

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

Monthly paymentest. $2,997/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,342
Property tax$301
Insurance (est.)$104
Utilities (est.)$250
Total monthly$2,997
Land transfer tax$6,473 on closing

Ontario LTT

$6,473

First-time rebate

−$4,000

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

Price & listing history

$499,900

Listed Aug 10, 2026

On the market

Sold comparables nearby

110 Thornton Avenue, London EastSold

110 Thornton Avenue, London East

3 bd·2 ba·1,100-1,500 sqft
787 William Street, London EastSold

787 William Street, London East

2 bd·1 ba·700-1,100 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in London East

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 97.9% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$530,367

Sale-to-list ratio

97.9%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $124,000 household income

Minimum household income required

$124,000

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$1,850/mo median for 2 bed nearby

$1,850/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 49 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.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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