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348 Winnipeg Boulevard

London East, N5W 4V2·MLS® X13682712

Listing courtesy of The Realty Firm INC.·Updated 3 hours ago

Listing price

$455,000

Est. $2,167/mo

Days on market

1

Listed Aug 17, 2026

For sale
1 / 28
3bd·2ba·700-1,100sqft

Description

An exceptional investment or multi-generational family home in London's highly sought-after Argyle neighborhood! This all-brick bungalow offers incredible income potential or space for extended family, featuring 3 bright and spacious main-floor bedrooms with a modern 4-piece bath, alongside a fully finished basement boasting 3 additional versatile rooms and a second full bathroom. The main level welcomes you with a sun-filled, west-facing living room and an inviting eat-in kitchen, all situated on a premium, fully fenced, mature lot. Perfect for multi-tenant use or hosting guests, the oversized driveway easily accommodates up to 6 cars. Positioned in a prime rental location just 2.6 km (a quick 5-minute drive) from Fanshawe College, with a convenient transit stop right at your doorstep, this cash-flowing property is currently generating $3,300/month. Whether you are looking to house hack or add a turn-key asset to your portfolio, this versatile home represents an unmatched opportunity in today's market. Some of the pictures are virtually staged.

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Property details

Basement
Finished
Parking
6 spaces
Type
Detached — Bungalow
Heating
Forced Air
Property tax
$2,950/yr (2025)

AI property estimate

$424,000~6.8% below asking

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

$368,880$479,120

78% confidence · 29 sold homes within 2 km, by price per sq ft

Location & neighbourhood

London East

London East, ON

Monthly paymentMortgage, tax and fees

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,167
Property tax$493
Insurance (est.)$95
Utilities (est.)$250
Total monthly$3,005
Land transfer taxOne-time, on closing

Ontario LTT

$5,575

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 5% from the first ask

$455,000 2%

Listed Aug 17, 2026

On the market
$465,000 2%

Listed Jun 25, 2026

On the market
$475,000 1%

Listed Jun 1, 2026 · 24 days on market

Taken off the market

Jun 25, 2026

$480,000

Listed Jul 30, 2025 · 123 days on market

Listing expired

Nov 30, 2025

147 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

1329 Brydges Street, London EastSold

$410,000

1329 Brydges Street, London East

2 bd·2 ba·700-1,100 sqft
2003 Royal Crescent, London EastSold

$514,000

2003 Royal Crescent, London East

3 bd·2 ba·700-1,100 sqft

See what these 6 homes sold for

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Market conditionsLondon East · last 90 days
Buyer's marketBalancedSeller's market

Avg. sold price

$466,167

Sale-to-list ratio

98.8%

Based on 6 recent comparable sales near this home.

AffordabilityWhat income this home needs

Minimum household income required

$112,686

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$424,000

Below Market
CA

Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbott

Broker

519-859-4579 · colin@searchlondonhomes.com

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