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$544,900

Est. $2,553/mo mortgage

2bd·2ba·700-1,100sqft

202 Michaelmas Street · London East, N5Y 1N1

MLS® X13780322

2 days on market

Listed Sep 14, 2026

Listing courtesy of Sutton Group Preferred Realty INC.·Updated 22 hours ago

Description

Great property for a family or someone that would like to live there with extra rental income. Raised bungalow with single garage in Huron Heights. Upper level contains of large open concept living/din room with kitchen, 2 bdrms and 4 pc bath. Main floor features: kitchen, 3 berms and 4pc bathroom. There is a separate entrance off the garage to the main floor. Parking for 7 cars. Many upgrades over the years: upper floor kitchen, bathrooms, flooring, furnace, a/c on-demand water heater. Currently rented $3,000.00 plus all utilities. Tenants are willing to vacate or stay and sign a new lease. Close by Fanshawe College, shopping, bus stop, restaurants.

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Property details

Interior

Interior
700-1100 sqft
Rooms
4 rooms
Bathrooms
1 × 4-piece on Main, 1 × 4-piece on Basement
Basement
Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow-Raised
Lot size
60 × 131.94 ft
Exterior
Brick, Vinyl Siding
Foundation
Poured Concrete
Roof
Shingles
Water & sewer
Sewer

Parking

Garage
1 car Attached
Parking
7 spaces

Fees & taxes

Property tax
$3,558/yr (2025)

AI property estimate

$411,000Estimate is ~24.6% below asking

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

$369,900$452,100

77% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Huron Heights

London East, ON

Large northeast area with schools, parks, and diverse housing near Fanshawe College.

Monthly paymentest. $3,245/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,553
Property tax$328
Insurance (est.)$114
Utilities (est.)$250
Total monthly$3,245
Land transfer tax$7,373 on closing

Ontario LTT

$7,373

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 3 times · asking price down 9% from the first ask

$544,900 9%

Listed Sep 14, 2026

On the market
$599,900

Listed May 12, 2026 · 122 days on market

Listing expired

Sep 11, 2026

$599,900

Listed May 12, 2025 · 22 days on market

Suspended

Jun 3, 2025

144 days on the market in total across 3 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

Sold comparables nearby

681 Brant Street, London EastSold

$595,000

681 Brant Street, London East

3 bd·2 ba·700-1,100 sqft
1318 BLACKMAPLE Drive, London EastSold

$590,000

1318 BLACKMAPLE Drive, London East

3 bd·3 ba·1,500-2,000 sqft

See what these 6 homes sold for

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Market conditionsArgyle · last 90 days
Buyer's marketBalancedSeller's market

Avg. sold price

$495,667

Sale-to-list ratio

96.2%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $134,000 household income

Minimum household income required

$134,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

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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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