$499,900
Est. $2,342/mo mortgage
223 Michaelmas Street · London East, N5Y 1N2
MLS® X13847244
Listed Oct 1, 2026
Listing courtesy of The Realty Firm INC.·Updated 2 hours ago
Description
Fantastic two-bedroom bungalow on a quiet street with easy access to schools, parks and a variety of neighbourhood amenities. Proudly owned by just the second owners, this well-maintained home has been thoughtfully updated over the past five years, including new basement windows (2026), HVAC ductwork (2024), air conditioning (2025), refaced kitchen cabinets (2023), new refrigerator (2024) and dishwasher (2022), an updated front porch and refreshed décor throughout the main level. The unspoiled lower level features a two-piece bathroom and offers plenty of potential for additional living space, a recreation room, home office or hobby area. The current dining room also provides the flexibility to be converted into a third bedroom, if desired. A detached garage provides valuable additional parking and can easily accommodate a workshop or hobby space. Outside, enjoy the large, fully fenced and beautifully shaded backyard, complete with gazebo, providing the perfect setting for relaxing and enjoying quiet summer days. A wonderful opportunity to own a charming, well-maintained bungalow in a convenient and established neighbourhood.
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Property details
Interior
- Size
- 700-1100 sqft
- Rooms
- 6 rooms
- Bathrooms
- 1 × 3-piece on Main, 1 × 2-piece on Lower
- Basement
- Development Potential, Partially Finished
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, Bungalow
- Age
- 51-99 years
- Lot size
- 60 × 132 ft · < .50 acres
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Shingles
- Water & sewer
- Sewer
Parking
- Garage
- 1 car Detached
- Driveway
- Private (4 spaces)
- Parking
- 5 spaces
Fees & taxes
- Property tax
- $4,404/yr (2026)
Rooms
Main
- Bathroom, 3 Pc Bath
- 2.34 × 2.06 m
- Dining Room, sliding doors, w/o to yard
- 3.65 × 3.47 m
- Kitchen
- 3.53 × 3.44 m
- Primary Bedroom
- 3.54 × 3.29 m
- Bedroom 2
- 3 × 2.97 m
- Living Room
- 6.45 × 3.52 m
Lower
- Bathroom, 2 Pc Bath
- 1.59 × 1.36 m
- Cold Room/Cantina
- 3.28 × 1.63 m
Estimated value range
$475K–$525K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Location & neighbourhood
DirectionsLondon East, ON
Large northeast area with schools, parks, and diverse housing near Fanshawe College.
Monthly paymentest. $2,997/mo all in
Monthly payment estimate
Land transfer tax$6,473 on closing
Ontario LTT
$6,473
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 Oct 1, 2026
Sold comparables nearby
Sold459 Salisbury Street, London East
Sold93 Goldwick Crescent, London East
See what these 6 homes sold for
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Market conditionsBuyer's market in Carling Heights
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 97.8% of asking.
Avg. sold price
$527,733
Sale-to-list ratio
97.8%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $124,000 household income
Minimum household income required
$124,000
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$1,775/mo median for 2 bed nearby
$1,775/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 46 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
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