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For sale
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$434,900

Est. $2,037/mo mortgage

3bd·1ba·700-1,100sqft

40 Magee Street · London East, N5W 1C7

MLS® X13802196

1 day on market

Listed Sep 18, 2026

Listing courtesy of Keller Williams Lifestyles·Updated 3 hours ago

Description

Nestled in the quiet and sought-after neighbourhood of Fairmont in East London, is a charming 1 1/2 Storey home sitting on an impressive double lot, that offers endless possibilities for families, first-time home buyers, or investors alike! Welcome to 40 Magee Street.... From the moment you arrive, take in the spacious 4-car driveway, mature surroundings, and show stopping curb appeal! Step inside to discover so much more... With a bright and functional layout featuring an expansive living room, inviting kitchen, 3 well-appointed bedrooms - with the primary bedroom being on the main floor, and a 4-piece bathroom. The lower level is a blank canvas awaiting your personal touch! With additional living space, this offers plenty of room for a recreation area, home office, gym, or future customization to suit your needs. This beautiful home offers many thoughtful upgrades! With a new roof (2025), newer A/C and Furnace (2022), as well as your hot water tank that is owned (2024), you can move in with ease knowing all your big ticket items are covered. Outside, 40 Magee truly stands out among the rest! The expansive backyard offers endless opportunities to entertain, garden, or simply relax while enjoying the extra space that a double lot provides. You also have a large shed, perfect for storing all your gardening equipment! Conveniently located close to parks, schools, shopping, public transit, and everyday amenities, this home is full of potential in a fantastic location. Don't miss your opportunity to make it yours- don't delay, book your showing today!

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Property details

Interior

Interior
700-1100 sqft
Rooms
7 rooms
Bathrooms
1 × 4-piece
Basement
Unfinished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, 1 1/2 Storey
Age
51-99 years
Lot size
60 × 132 ft
Exterior
Vinyl Siding
Foundation
Concrete Block
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Driveway
Private Double (4 spaces)
Parking
4 spaces

Fees & taxes

Property tax
$2,733/yr (2025)

AI property estimate

$380,000Estimate is ~12.6% below asking

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

$342,000$418,000

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

Location & neighbourhood

Directions
London East

London East, ON

Monthly paymentest. $2,640/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,037
Property tax$262
Insurance (est.)$91
Utilities (est.)$250
Total monthly$2,640
Land transfer tax$5,173 on closing

Ontario LTT

$5,173

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 5 times · asking price down 11% from the first ask

$434,900 1%

Listed Sep 18, 2026

On the market
$439,900 2%

Listed Aug 20, 2026

On the market
$449,900 5%

Listed Jul 24, 2026 · 27 days on market

Taken off the market

Aug 20, 2026

$474,900 3%

Listed Jul 22, 2025 · 28 days on market

Taken off the market

Aug 19, 2025

$489,900

Listed Aug 14, 2023 · 77 days on market

Taken off the market

Oct 30, 2023

132 days on the market in total across 5 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

Sold comparables nearby

179 Delaware Street, London EastSold

$200,000

179 Delaware Street, London East

3 bd·1 ba·700-1,100 sqft
34 Gerald Crescent, London SouthSold

$515,100

34 Gerald Crescent, London South

3 bd·2 ba·1,500-2,000 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 93.9% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$421,417

Sale-to-list ratio

93.9%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $108,000 household income

Minimum household income required

$108,000

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 49 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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