238 Fleming Drive
London East, N5V 4Y9·MLS® X13729672
Listing courtesy of Re/max Icon Realty·Updated 17 hours ago
Listing price
$542,900
Est. $2,586/mo
Days on market
Listed Sep 1, 2026
Description
INVESTMENT OPPORTUNITY STEPS FROM FANSHAWE COLLEGE! Licensed Rental Property in one of London's most sought-after rental locations. This spacious 4-level back-split offers 5+1 bedrooms, 2 full bathrooms, a separate side entrance, and a versatile multi-level layout ideal for investors seeking strong rental potential. The main level features a bright open-concept living, dining, and kitchen area. Upstairs offers 3 bedrooms and a 4-piece bathroom, while the lower level features 2 additional bedrooms, a 3-piece bathroom, and private side entrance. The basement provides a 6th bedroom with newer flooring, plus dedicated laundry and storage areas. Freshly painted with numerous updates, the property also features a fully fenced backyard, attached garage, and additional driveway parking. The layout offers excellent potential for two units, subject to buyer verification and applicable approvals. Conveniently located near Fanshawe College, public transit, shopping, restaurants, and everyday amenities. Aggressively priced for today's market-an excellent opportunity to add a licensed rental property to your investment portfolio! Photos were taken prior to the current tenant moving in.
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Property details
- Type
- Detached — Backsplit 4
- Age
- 16-30 years
- Lot size
- 32.82 × 117.33 ft
- Interior
- 1500-2000 sqft
- Rooms
- 10 rooms
- Bathrooms
- 1 × 4-piece on Second, 1 × 3-piece on Lower
- Basement
- Full, Separate Entrance, Finished
- Heating
- Forced Air
- Cooling
- Central Air
- Exterior
- Concrete, Vinyl Siding
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
- Garage
- 1 car Built-In
- Parking
- 3 spaces
- Property tax
- $3,889/yr (2026)
Rooms
Main
- Kitchen
- 3.86 × 3.18 m
- Living Room
- 4.7 × 3.03 m
- Dining Room
- 3.93 × 3.16 m
Second
- Bathroom
- 1.66 × 3.4 m
- Primary Bedroom
- 4.46 × 3.4 m
- Bedroom 2
- 3.49 × 3.18 m
- Bedroom 3
- 3.06 × 2.82 m
Lower
- Bathroom
- 1.84 × 1.9 m
- Bedroom 5
- 4.94 × 3.26 m
- Bedroom 4
- 4.34 × 3.33 m
Basement
- Laundry
- 3.41 × 2.94 m
- Bedroom
- 5.71 × 3.7 m
- Other
- 2.28 × 3.7 m
AI property estimate
Automated estimate from recent comparable sales — not a formal appraisal, and not a statement that this listing is priced incorrectly.
56% confidence · 5 sold homes within 2 km, by price per sq ft
Location & neighbourhood
London East, ON
Large northeast area with schools, parks, and diverse housing near Fanshawe College.
Monthly paymentMortgage, tax and fees
Monthly payment estimate
Land transfer taxOne-time, on closing
Ontario LTT
$7,333
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 5 times · asking price down 15% from the first ask
Listed Sep 1, 2026
Listed Aug 6, 2026 · 22 days on market
Aug 28, 2026
Listed May 22, 2026 · 76 days on market
Aug 6, 2026
Listed Aug 14, 2025 · 62 days on market
Oct 15, 2025
Listed May 30, 2025 · 75 days on market
Aug 13, 2025
235 days on the market in total across 5 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.
Sold comparables nearby
Sold$445,000
282 Fleming Drive, London East
Sold$396,000
200 Rhine Avenue, London East
See what these 6 homes sold for
Create a free account to unlock premium data.
Market conditionsHuron Heights · last 90 days
Avg. sold price
$555,817
Sale-to-list ratio
97.6%
Based on 6 recent comparable sales near this home.
AffordabilityWhat income this home needs
Minimum household income required
$132,631
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Not sure about financing? Ask Colin →Similar Listings
AI estimate
$708,789
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
519-859-4579 · colin@searchlondonhomes.com
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