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553 Quebec Street

London East, N5W 3Y9·MLS® X13746224

Listing courtesy of Exp Realty·Updated 9 hours ago

Listing price

$458,000

Est. $2,181/mo

Days on market

2

Listed Sep 4, 2026

For sale
1 / 29
4bd·2ba·1,100-1,500sqft

Description

Amazing Investment Opportunity Located in the heart of London! This turn-key, low-maintenance **legal duplex** in Old East Village will be an amazing addition to your portfolio. Close to downtown, Western Fair Farmer's Market, and all amenities, including convenient bus routes to both Fanshawe College and Western University. Perfect for anyone looking for a spacious, cash-flowing investment or a mortgage helper to ease your payments.This building features **2 spacious legal dwelling units** and an extensive list of recent updates, including Three Hydro Meters and updated Electrical Panels (2022), Roof (2014), Siding/Eavestrough/Soffits/Fascia (2021), Updated Plumbing (2021), Furnace (2019), and Fence (2020-2021).In addition, there is coin-operated shared laundry, plenty of parking, separate entrances for both units, and a full unfinished basement offering ample storage and workshop space.Fully rented to high-quality A+ tenants, generating a total of **$3,300/month in rental income** - $1,650 for Unit 1 and $1,650 for Unit 2. A fantastic opportunity to own a well-maintained, income-generating property with **2 legal dwellings** in a desirable and convenient London location.

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Property details

Type
Duplex, 2-Storey
Lot size
32 × 100 ft
Interior
1100-1500 sqft
Rooms
6 rooms · 2 kitchens
Bathrooms
1 × 3-piece, 1 × 3-piece
Basement
Full, Unfinished
Heating
Forced Air
Cooling
Central Air
Exterior
Aluminum Siding, Brick
Foundation
Brick
Roof
Asphalt Shingle
Water & sewer
Sewer
Driveway
Private Double (4 spaces)
Parking
4 spaces
Property tax
$3,537/yr (2025)

AI property estimate

$340,326~25.7% below asking

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

$306,293$374,359

76% confidence · 37 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Argyle

London East, ON

Expansive east London district with parks and a wide range of affordable to mid-range housing.

Monthly paymentMortgage, tax and fees

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,181
Property tax$496
Insurance (est.)$95
Utilities (est.)$250
Total monthly$3,023
Land transfer taxOne-time, on closing

Ontario LTT

$5,635

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 11 times over 1 month · asking price down 8% from the first ask · sold 7% above the final ask

$458,000

Listed Sep 4, 2026

On the market
$458,000 2%

Listed Jul 20, 2026

On the market
$465,000 4%

Listed May 22, 2026 · 59 days on market

Taken off the market

Jul 20, 2026

$485,000 3%

Listed Apr 27, 2026 · 28 days on market

Taken off the market

May 25, 2026

$499,999 3%

Listed Feb 2, 2026 · 84 days on market

Taken off the market

Apr 27, 2026

$514,999 2%

Listed Nov 10, 2025 · 84 days on market

Taken off the market

Feb 2, 2026

$524,999 5%

Listed Aug 7, 2025 · 95 days on market

Taken off the market

Nov 10, 2025

$549,999 3%

Listed Jul 3, 2025 · 35 days on market

Taken off the market

Aug 7, 2025

$535,000 4%

Listed May 23, 2025 · 41 days on market

Taken off the market

Jul 3, 2025

$559,999 12%

Listed Dec 20, 2024 · 157 days on market

Taken off the market

May 26, 2025

$499,900

Listed Nov 15, 2022 · 27 days on market

Sold

Dec 12, 2022

610 days on the market in total across 11 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

Sold comparables nearby

1185 Albany Street, London EastSold

$385,000

1185 Albany Street, London East

4 bd·3 ba·1,500-2,000 sqft
379 Central Avenue, London EastSold

$329,000

379 Central Avenue, London East

3 bd·2 ba·1,100-1,500 sqft

See what these 6 homes sold for

Create a free account to unlock premium data.

Market conditionsLondon East · last 90 days
Buyer's marketBalancedSeller's market

Avg. sold price

$412,067

Sale-to-list ratio

96.2%

Based on 6 recent comparable sales near this home.

AffordabilityWhat income this home needs

Minimum household income required

$113,344

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

Not sure about financing? Ask Colin

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AI estimate

$340,326

Below Market
CA

Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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