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For sale
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$489,900

Est. $2,295/mo mortgage

3bd·2ba·700-1,100sqft

221 Manitoulin Drive · London East, N5W 1M8

MLS® X13801264

1 day on market

Listed Sep 18, 2026

Listing courtesy of Sutton Group - Select Realty·Updated 5 hours ago

Description

Outstanding first time home buyer opportunity describes this well maintained 3 +1 bedroom 2 full bath brick ranch in fabulous Fairmont subdivision. The main level boasts a lovely living/dining area with lots of natural light, kitchen with great cabinet space, three generous bedrooms and an updated bath. The professionally finished lower level offers a large family room with loads of pot lights, a fourth bedroom/office and a spa style full bathroom. Laundry and storage complete that level. The rear yard, which backs on to a playground area, provides ample green space and patio, ideal for family fun or entertaining. A private drive and a single detached garage are also included.

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Property details

Interior

Interior
700-1100 sqft
Rooms
6 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
Age
51-99 years
Lot size
50 × 110 ft
Exterior
Brick
Foundation
Poured Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Garage
1 car Detached
Driveway
Private (3 spaces)
Parking
4 spaces

Fees & taxes

Property tax
$3,001/yr (2025)

Rooms

Main

Dining Room
2.48 × 2.1 m
Living Room
3.27 × 4.2 m
Primary Bedroom
3.18 × 3.16 m
Bedroom
2.99 × 3.13 m
Kitchen
3.32 × 3.04 m
Bedroom
2.7 × 3.04 m

Basement

Recreation
7.02 × 3.64 m
Bedroom
3.06 × 3.42 m
Utility Room
3.09 × 3.67 m

AI property estimate

$400,000Estimate is ~18.4% below asking

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

$360,000$440,000

76% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
London East

London East, ON

Monthly paymentest. $2,942/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,295
Property tax$295
Insurance (est.)$102
Utilities (est.)$250
Total monthly$2,942
Land transfer tax$6,273 on closing

Ontario LTT

$6,273

First-time rebate

$4,000

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

Price & listing history

$489,900

Listed Sep 18, 2026

On the market

Sold comparables nearby

179 Delaware Street, London EastSold

$200,000

179 Delaware Street, London East

3 bd·1 ba·700-1,100 sqft
1721 Moffatt Avenue, London EastSold

$399,900

1721 Moffatt Avenue, London East

3 bd·1 ba·700-1,100 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in London East

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 94.3% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$390,233

Sale-to-list ratio

94.3%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $121,000 household income

Minimum household income required

$121,000

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$2,300/mo median for 3 bed nearby

$2,300/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 52 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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