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$499,900

Estimated value $475K to $525K

Est. $2,342/mo mortgage

3bd·1ba·700-1,100sqft

586 Victoria Street · London, N5Y 4B8

MLS® X13798416

46 days on market46 days on market

Listed Sep 17, 2026

Listing courtesy of Prime Real Estate Brokerage·Listing last changed Oct 21

Key facts

Property type
Detached
Square footage
700-1,100 sqft
Lot size
40 × 156.83 ft · < 0.50 acres
Age
51-99 years
Parking
3 spaces
Property tax
$4,610/yr (2026)

Description

Located on a long-matured, beautifully treed lot in desirable Old North London, this stately one-floor home offers charm, space, and an excellent opportunity for first-time buyers. The home features two bedrooms, plus a spacious family room addition that could easily be converted into a home office or third bedroom, providing flexibility to suit your needs. Inside, you'll find a spacious kitchen and dining area, along with a bright and inviting living room highlighted by a cozy gas fireplace. The partially finished, dry, high basement offers valuable additional living space, including a separate room ideal for an exercise area, office, TV room, or hobby space. A single attached garage provides convenient parking and storage, with a rear door opening onto a small concrete patio. With its mature trees, attractive curb appeal, generous living spaces, and fantastic Old North location, 586 Victoria St is a wonderful opportunity for first-time home buyers looking to get into a great London neighbourhood.

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Property details

Interior

Size
700-1,100 sqft
Rooms
5 rooms
Bathrooms
1 × 4-piece
Basement
Partially Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Age
51-99 years
Lot size
40 × 156.83 ft · < 0.50 acres
Exterior
Brick
Foundation
Poured Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Garage
1 car Attached
Driveway
Private (2 spaces)
Parking
3 spaces

Fees & taxes

Property tax
$4,610/yr (2026)

Rooms

Main

Kitchen
3.25 × 3 m
Family Room
3.78 × 3.43 m
Primary Bedroom, 4 Pc Bath
3.66 × 2.92 m
Bedroom 2
3.61 × 3.38 m
Dining Room
4.19 × 3.51 m
Living Room, 4 Pc Bath
4.85 × 3.76 m

Basement

Exercise Room
3.99 × 3.15 m

Estimated value range

$475K to $525K

An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.

Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.

Location & neighbourhood

Directions
Old North →

London East, ON

Tree-lined streets, heritage homes, walkable to Richmond Row.

Schools nearbyclosest is St Michael Separate School, 490 m

Elementary

  • St Michael Separate School

    490 m · Grades JK-8

    London District Catholic School Board

    5.7
  • Old North Public School

    860 m · Grades JK-8

    Thames Valley District School Board

    8.4
  • Northbrae Public School

    870 m · Grades JK-8

    Thames Valley District School Board

    6.7

Secondary

  • École secondaire catholique Monseigneur-Bruyère

    1.1 km · Grades 9-12

    Conseil scolaire de district des écolesCatholique

    6.3
  • London Central Secondary School

    2.2 km · Grades 9-12

    Thames Valley District School Board

    8.0
  • Catholic Central High School

    2.3 km · Grades 9-12

    London District Catholic School Board

    5.7

Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.

Monthly paymentest. $3,080/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,342
Property tax$384
Insurance (est.)$104
Utilities (est.)$250
Total monthly$3,080
Land transfer tax$6,473 on closing

Ontario LTT

$6,473

First-time rebate

−$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$499,900

Listed Sep 17, 2026

On the market

Sold comparables nearby

794 Strand Street, London EastSold

794 Strand Street, London East

3 bd·3 ba·700-1,100 sqft
666 Piccadilly Street, London EastSold

666 Piccadilly Street, London East

3 bd·1 ba·700-1,100 sqft

See what these 6 homes sold for

Create a free account to see sold prices and comparable sales.

Market conditionsBuyer’s market in London

6.3 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 96.5% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$557,083

Sale-to-list ratio

96.5%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $126,000 household income

Minimum household income required

$126,000

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

Not sure about financing? Call Colin at (226) 212-5099 or text

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CA

Colin Abbot, Broker

Oak and Key Real Estate Brokerage Inc.

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Colin Abbot, Broker

Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099

Not intended to solicit clients already under contract.

Information herein is deemed reliable but not guaranteed. Listing data is provided by the London and St. Thomas Association of REALTORS® through the MLS® System and is updated multiple times daily. All measurements, square footage, taxes, and property details should be independently verified by buyers and their representatives.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark REALTOR® is controlled by CREA and identifies real estate professionals who are members of CREA.

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