431 South Street · London East, N6B 1C1
MLS® X13695900
Listed Aug 20, 2026
Listing courtesy of Sutton Group - Select Realty·Updated Aug 20
Description
Excellent opportunity for investors seeking a fully rented, income-producing property in an established London location. This well-positioned property offers two separate living spaces with a total of 4 bedrooms, 2 kitchens and 2 bathrooms, providing a practical configuration for rental income and long-term investment. Each unit benefits from its own kitchen and living space, while the property offers 4 private parking spaces and a substantial 36' x 197' lot. The property combines the character of an established neighbourhood with important modern conveniences including gas forced-air heating, central air and main-floor laundry. Conveniently located near public transit, parks, schools and everyday amenities. An attractive opportunity for investors looking for an established, fully tenanted property with a straightforward income-producing configuration. Please allow at least 24 hour's notice for all showing requests.
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Property details
Interior
- Size
- 1100-1500 sqft
- Rooms
- 10 rooms · 2 kitchens
- Bathrooms
- 1 × 3-piece on Second, 1 × 4-piece on Ground
- Basement
- Unfinished
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Duplex, Bungalow
- Age
- 100+ years
- Lot size
- 36.17 × 197 ft
- Exterior
- Vinyl Siding
- Foundation
- Block
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Driveway
- Private (4 spaces)
- Parking
- 4 spaces
Fees & taxes
- Property tax
- $3,370/yr (2025)
Rooms
Ground
- Primary Bedroom
- 2.86 × 3.35 m
- Kitchen
- 2.44 × 2.13 m
- Bedroom 2
- 2.56 × 3.35 m
- Living Room
- 3.35 × 3.35 m
Estimated value range
$522K–$522K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Monthly paymentest. $3,267/mo all in
Monthly payment estimate
Land transfer tax$7,455 on closing
Ontario LTT
$7,455
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 20, 2026
Sold comparables nearby
Sold324 Ridout Street, London South
Sold578 Waterloo Street, London East
See what these 6 homes sold for
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Market conditionsBuyer's market in Downtown London
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 96.1% of asking.
Avg. sold price
$499,500
Sale-to-list ratio
96.1%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $135,000 household income
Minimum household income required
$135,000
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$2,775/mo median for 4 bed nearby
$2,775/month is the median rent for 4-bedroom homes leased within 3km over the past 12 months, across 8 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
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