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
Listed Sep 4, 2026
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
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
76% confidence · 37 sold homes within 2 km, by price per sq ft
Location & neighbourhood
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
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
Listed Sep 4, 2026
Listed Jul 20, 2026
Listed May 22, 2026 · 59 days on market
Jul 20, 2026
Listed Apr 27, 2026 · 28 days on market
May 25, 2026
Listed Feb 2, 2026 · 84 days on market
Apr 27, 2026
Listed Nov 10, 2025 · 84 days on market
Feb 2, 2026
Listed Aug 7, 2025 · 95 days on market
Nov 10, 2025
Listed Jul 3, 2025 · 35 days on market
Aug 7, 2025
Listed May 23, 2025 · 41 days on market
Jul 3, 2025
Listed Dec 20, 2024 · 157 days on market
May 26, 2025
Listed Nov 15, 2022 · 27 days on market
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
Sold$385,000
1185 Albany Street, London East
Sold$329,000
379 Central Avenue, London East
See what these 6 homes sold for
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Market conditionsLondon East · last 90 days
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 →Similar Listings
AI estimate
$340,326
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
519-859-4579 · colin@searchlondonhomes.com
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