Skip to content

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

1

Listed Aug 20, 2026

For sale
1 / 25
4bd·2ba·1,100-1,500sqft·100+ yearsold

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.

Read more ›

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

$402,813~26.6% below asking

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

$350,447$455,179

58% confidence · 5 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Old East Village

London East, ON

Vibrant arts district with walkable streets and character homes.

Monthly paymentMortgage, tax and fees

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,615
Property tax$595
Insurance (est.)$114
Utilities (est.)$250
Total monthly$3,573
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

$549,000

Listed Aug 20, 2026

On the market

Sold comparables nearby

379 Central Avenue, London EastSold

$329,000

379 Central Avenue, London East

3 bd·2 ba·1,100-1,500 sqft
524 Simcoe Street, London EastSold

$345,000

524 Simcoe Street, London East

5 bd·3 ba·1,500-2,000 sqft

See what these 6 homes sold for

Create a free account to unlock premium data.

Market conditionsOld East Village · last 90 days
Buyer's marketBalancedSeller's market

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

Own a home in Old East Village?

Homes are selling in an average of 1 day.

Get your free valuation →

AI estimate

$402,813

Below Market
CA

Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

Message Colin about this home

By submitting, you agree to receive communications from Oak and Key Real Estate Brokerage Inc.. You can unsubscribe at any time.

Get notified about similar homes

New duplex listings in East K.