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$549,900

Est. $2,576/mo mortgage

3bd·1ba·700-1,100sqft

586 Victoria Street · London East, N5Y 4B8

MLS® X13798416

2 days on market

Listed Sep 17, 2026

Listing courtesy of Prime Real Estate Brokerage·Updated 5 hours ago

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

Interior
700-1100 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 · < .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)

AI property estimate

$432,910Estimate is ~21.3% below asking

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

$389,619$476,201

72% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Woodfield

London East, ON

Heritage neighbourhood with Victorian-era homes on tree-canopied streets near downtown.

Monthly paymentest. $3,272/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,576
Property tax$331
Insurance (est.)$115
Utilities (est.)$250
Total monthly$3,272
Land transfer tax$7,473 on closing

Ontario LTT

$7,473

First-time rebate

$4,000

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

Price & listing history

$549,900

Listed Sep 17, 2026

On the market

Sold comparables nearby

820.5 Maitland Street, London EastSold

$400,000

820.5 Maitland Street, London East

2 bd·1 ba·700-1,100 sqft
215 Bernard Avenue, London EastSold

$540,000

215 Bernard Avenue, London East

2 bd·2 ba·700-1,100 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in Argyle

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 93.6% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$493,500

Sale-to-list ratio

93.6%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $135,000 household income

Minimum household income required

$135,000

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.

Not sure about financing? Ask Colin
Rental market$2,395/mo median for 3 bed nearby

$2,395/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 57 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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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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