431 South Street
London East, N6B 1C1·MLS® X13695900
Listing courtesy of Sutton Group - Select Realty·Updated 3 hours ago
Listing price
$549,000
Est. $2,615/mo
Days on market
Listed Aug 20, 2026
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
- Type
- Duplex — Bungalow
- Age
- 100+ years
- Lot size
- 36.17 × 197 ft
- Interior
- 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
- Exterior
- Vinyl Siding
- Foundation
- Block
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
- Driveway
- Private (4 spaces)
- Parking
- 4 spaces
- 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
AI property estimate
Automated estimate from recent comparable sales — not a formal appraisal, and not a statement that this listing is priced incorrectly.
58% confidence · 5 sold homes within 2 km, by price per sq ft
Location & neighbourhood
Monthly paymentMortgage, tax and fees
Monthly payment estimate
Land transfer taxOne-time, 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
Sold$329,000
379 Central Avenue, London East
Sold$345,000
524 Simcoe Street, London East
See what these 6 homes sold for
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Market conditionsOld East Village · last 90 days
Avg. sold price
$557,583
Sale-to-list ratio
97.1%
Based on 6 recent comparable sales near this home.
AffordabilityWhat income this home needs
Minimum household income required
$134,006
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Not sure about financing? Ask Colin →Similar Listings
AI estimate
$402,813
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
519-859-4579 · colin@searchlondonhomes.com
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