$549,900
Est. $2,576/mo mortgage
586 Victoria Street · London East, N5Y 4B8
MLS® X13798416
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
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
72% confidence · 40 sold homes within 2 km, by price per sq ft
Location & neighbourhood
DirectionsLondon East, ON
Heritage neighbourhood with Victorian-era homes on tree-canopied streets near downtown.
Monthly paymentest. $3,272/mo all in
Monthly payment estimate
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
Listed Sep 17, 2026
Sold comparables nearby
Sold$400,000
820.5 Maitland Street, London East
Sold$540,000
215 Bernard Avenue, London East
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.
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.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
519-859-4579 · colin@searchlondonhomes.com
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