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$399,900

Est. $1,873/mo mortgage

2bd·1ba·700-1,100sqft

51 Stevenson Avenue · London East, N5W 1Y4

MLS® X13818904

2 days on market2 days on market

Listed Sep 23, 2026

Listing courtesy of Re/max Centre City Realty INC.·Updated 8 hours ago

Description

Welcome to this charming, move-in-ready home on Stevenson Avenue, located in a wonderful East London neighborhood. Whether you're a first-time buyer, downsizer, retiree, or investor, this well-cared-for home offers comfortable living today with exciting possibilities for the future. The main floor features two bedrooms, a full bathroom, a bright living room, and an inviting eat-in kitchen. At the back of the home, you'll love the three-season sunroom-a wonderful spot to enjoy your morning coffee, relax with a book, or unwind at the end of the day. The lower level provides additional living space with a comfortable recreation room, laundry area, and plenty of storage, giving you flexibility for hobbies, entertaining, or everyday living. Outside is where the possibilities really stand out. The large backyard provides plenty of room to garden, entertain, or simply enjoy the outdoors, with potential for a future addition or garage. updated windows over time, new furnace, central air + hot water heater 2022, new singles 2023, hydro panel 1999.Clean, comfortable and ready to enjoy, this is a wonderful opportunity to get into the market, simplify your lifestyle, or add to your investment portfolio. A sweet home with lots of potential in a great East London location-come see what makes it special!

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Property details

Interior

Size
700-1100 sqft
Rooms
6 rooms
Bathrooms
1 × 4-piece on Main
Basement
Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Age
51-99 years
Lot size
40 × 137.73 ft
Exterior
Aluminum Siding
Foundation
Unknown
Roof
Fibreglass Shingle
Water & sewer
Sewer

Parking

Driveway
Private (3 spaces)
Parking
3 spaces

Fees & taxes

Property tax
$2,515/yr (2025)

Rooms

Main

Kitchen
2.351 × 3.66 m
Sunroom
4.37 × 2.97 m
Family Room
4.98 × 3.45 m
Bathroom, 4 Pc Bath
n/a
Bedroom
3.12 × 2.82 m
Bedroom
3.51 × 3.2 m

Lower

Cold Room/Cantina
2.26 × 1.42 m
Recreation
8 × 3.61 m
Game Room
3.73 × 3.28 m

AI property estimate

$382,275Estimate is ~4.4% below asking

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

$344,048$420,503

78% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
London East

London East, ON

Monthly paymentest. $2,447/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,873
Property tax$241
Insurance (est.)$83
Utilities (est.)$250
Total monthly$2,447
Land transfer tax$4,474 on closing

Ontario LTT

$4,474

First-time rebate

$4,000

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

Price & listing history

$399,900

Listed Sep 23, 2026

On the market

Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.

Sold comparables nearby

238 Starlight Avenue, London EastSold

238 Starlight Avenue, London East

2 bd·2 ba·700-1,100 sqft
581 Hale Street, London EastSold

581 Hale Street, London East

2 bd·1 ba·< 700 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 93.2% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$381,250

Sale-to-list ratio

93.2%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $100,000 household income

Minimum household income required

$100,000

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$1,700/mo median for 2 bed nearby

$1,700/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 74 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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