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$579,900

Est. $2,717/mo mortgage

3+2bd·2ba·1,100-1,500sqft

438 Magnolia Crescent · London East, N5Y 4S9

MLS® X13835524

2 days on market2 days on market

Listed Sep 28, 2026

Listing courtesy of Royal Lepage Triland Realty·Updated yesterday

Description

Welcome to this charming and affordable 5 bedroom, 3 level side-split, ideally situated on a quiet, tree lined crescent in a family friendly neighbourhood. Set on a spacious lot with an impressive 70 foot frontage and within walking distance to schools, this home offers plenty of room for a growing family both inside and out. The inviting curb appeal features a covered front porch, double wide driveway and carport, providing parking for up to five vehicles. Step inside to a bright, open concept kitchen and living area featuring a cozy gas fireplace and large windows that fill the space with natural light. The adjoining dining area offers patio doors leading to a sunroom and an outdoor patio overlooking the expansive backyard. Kids and young adults alike will love the outdoor space, highlighted by a large deck with storage sheds and an impressive two level treehouse complete with hydro, a unique backyard retreat with plenty of possibilities. Inside, the home offers five bedrooms, providing excellent flexibility for a larger family, home office or guest rooms. The finished lower level features a recreation room with a gas fireplace ideal for movie nights. A convenient walk out rear entrance provides direct access between the backyard and lower level. Recent improvements include new laminate flooring throughout in 2023,updated light fixtures in the bedrooms, living room and basement in 2024, and a new tankless water heater in 2024. The upper level also features a beautifully renovated bathroom. Conveniently located between Western University and Fanshawe College, approximately a 10 minute drive to Western and 8 minutes to Fanshawe. This home is also close to schools, shopping, grocery stores and everyday amenities. With five bedrooms, a large 70 by 137 foot lot, abundant parking, finished living space and a backyard designed for family enjoyment, this welcoming home offers an excellent combination of space, comfort, location and value.

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Property details

Interior

Size
1100-1500 sqft
Bedrooms
3 above grade, 2 lower level
Rooms
13 rooms
Bathrooms
1 × 4-piece on Upper, 1 × 3-piece on Lower
Basement
Full, Walk-Out, Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Sidesplit 3
Age
51-99 years
Lot size
70.15 × 137.75 ft · < .50 acres
Exterior
Brick, Vinyl Siding
Foundation
Concrete
Roof
Shingles
Water & sewer
Sewer

Parking

Garage
1 car Carport
Driveway
Private Double (4 spaces)
Parking
5 spaces

Fees & taxes

Property tax
$4,593/yr (2025)

Rooms

Main

Dining Room, sliding doors, laminate
6.38 × 2.86 m
Kitchen, Stainless Steel Appl
3.47 × 3.29 m
Sunroom
2.64 × 3.28 m
Living Room, gas fireplace, laminate
5.8 × 3.75 m
Foyer, Ceramic Floor
1.52 × 3.73 m

Upper

Bedroom 3, Laminate
2.55 × 2.48 m
Bedroom 2, Laminate
3.12 × 2.8 m
Primary Bedroom, Laminate
3.12 × 3.6 m

Lower

Bedroom 4, Laminate
2.52 × 3.18 m
Recreation, Gas Fireplace
4.16 × 3.06 m
Bedroom 5, Laminate
2.55 × 2.27 m
Furnace Room
5.84 × 3.5 m
Laundry, Separate Shower
2.67 × 1.47 m

AI property estimate

$572,153About at asking price

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

$514,938$629,368

75% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Huron Heights →

London East, ON

Large northeast area with schools, parks, and diverse housing near Fanshawe College.

Monthly paymentest. $3,437/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,717
Property tax$349
Insurance (est.)$121
Utilities (est.)$250
Total monthly$3,437
Land transfer tax$8,073 on closing

Ontario LTT

$8,073

First-time rebate

−$4,000

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

Price & listing history

$579,900

Listed Sep 28, 2026

On the market

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

Sold comparables nearby

66 Cobblestone Street, London EastSold

66 Cobblestone Street, London East

4 bd·3 ba·2,000-2,500 sqft
670 Glengyle Crescent, London NorthSold

670 Glengyle Crescent, London North

4 bd·2 ba·1,100-1,500 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 97.1% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$621,333

Sale-to-list ratio

97.1%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $142,000 household income

Minimum household income required

$142,000

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$2,550/mo median for 3 bed nearby

$2,550/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 66 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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