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575 QUEENS Avenue

London East, N6B 1Y9·MLS® X13741942

Listing courtesy of Century 21 First Canadian Corp·Updated 4 hours ago

Listing price

$515,000

Est. $2,453/mo

Days on market

1

Listed Sep 3, 2026

For sale
1 / 4
7bd·3ba·3,000-3,500sqft

Description

INVESTOR OPPORTUNITY IN WOODFIELD! This impressive property offers over 3,200 sq. ft. of living space and is currently configured as a duplex with 7 bedrooms, providing a unique opportunity for investors looking for a property with size, parking, and income potential in one of London's established neighbourhoods. Located in Woodfield, just steps from Old East Village. The property is separately metered, adding to its appeal for investors. An additional feature that sets this opportunity apart is the vacant City-owned lot directly next door, offering investors an interesting opportunity to explore the potential of the surrounding property and area, subject to all applicable approvals and due diligence. With its existing duplex configuration, 7 bedrooms, substantial square footage, separate metering and excellent parking, this property offers plenty of flexibility for an investor seeking a larger asset in a well-established London location. IMPORTANT: The property cannot be shown prior to an Agreement of Purchase being accepted. There will be no public showings. Buyers are encouraged to conduct their due diligence and review the property and applicable information following an accepted Agreement.

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Property details

Type
Detached, 2 1/2 Storey
Lot size
43 × 113 ft · < .50 acres
Interior
3000-3500 sqft
Rooms
17 rooms · 2 kitchens
Bathrooms
1 × 4-piece on Main, 1 × 4-piece on Second, 1 × 3-piece on Second
Basement
Unfinished, Partial Basement
Heating
Forced Air
Cooling
Window Unit(s)
Exterior
Wood , Brick
Foundation
Concrete
Roof
Slate, Asphalt Shingle
Water & sewer
Sewer
Garage
1 car Attached
Driveway
Private, Other, Other (7 spaces)
Parking
8 spaces
Property tax
$8,181/yr (2025)

Rooms

Main

Other
4.67 × 4.83 m
Primary Bedroom
4.01 × 3.89 m
Bedroom
4.52 × 4.44 m
Dining Room
4.8 × 4.5 m
Bathroom
n/a
Bedroom
3.58 × 3.53 m
Living Room
4.57 × 4.67 m
Foyer
3.76 × 4.9 m
Other
n/a
Laundry
2.84 × 4.29 m

Second

Other
4.52 × 9.17 m
Sitting
3.2 × 5.05 m
Primary Bedroom
4.06 × 6.96 m
Bathroom
n/a
Kitchen
4.24 × 5.16 m
Bathroom
n/a
Bedroom
5.51 × 4.83 m

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)$2,453
Property tax$558
Insurance (est.)$107
Utilities (est.)$250
Total monthly$3,368
Land transfer taxOne-time, on closing

Ontario LTT

$6,775

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 2 times · asking price down 59% from the first ask

$515,000 59%

Listed Sep 3, 2026

On the market
$1,249,900

Listed Sep 20, 2024 · 192 days on market

Listing expired

Mar 31, 2025

192 days on the market in total across 2 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

Sold comparables nearby

598 Ross Street, London EastSold

$575,000

598 Ross Street, London East

6 bd·2 ba·700-1,100 sqft
786 Walker Street, London EastSold

$595,000

786 Walker Street, London East

8 bd·3 ba·1,500-2,000 sqft

See what these 6 homes sold for

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Market conditionsHamilton Road · last 90 days
Buyer's marketBalancedSeller's market

Avg. sold price

$648,080

Sale-to-list ratio

97.4%

Based on 6 recent comparable sales near this home.

AffordabilityWhat income this home needs

Minimum household income required

$126,290

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

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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