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For sale
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$349,900

Estimated value $332K–$367K

Est. $1,639/mo mortgage

2bd·2ba·700-1,100sqft

1053 Frances Street · London East, N5W 2L8

MLS® X13851022

2 days on market2 days on market

Listed Oct 1, 2026

Listing courtesy of Right At Home Realty·Updated 7 hours ago

Description

Wow, hold the press!!! An adorable house like this for under 350K, what a deal. We have a very motivated seller and have an appraisal from June 2026 at 400K in "as is" condition. This adorable, 2-bedroom, 2 full bath house in Old East Village has outstanding charm, sure to captivate and a huge private backyard. Spacious kitchen has a gas countertop range, lots of cupboards and leads to the main floor laundry, 3-piece bathroom and patio doors to a large deck. Huge backyard with side ramp leading up to the deck, perfect for those with mobility issues, plus garden shed and fire pit. Parking for 2 cars and a private front porch. Basement has a workshop, plenty of cabinets, large utility room, and open area, perfect for rec room plus a pool table. Located on a quiet street, within walking distance of 100 Kellogg Lane, one of Canada's premier entertainment districts. Perfect home for first time homebuyers or looking to downsize.

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Property details

Interior

Size
700-1100 sqft
Rooms
7 rooms
Bathrooms
2 × 3-piece on Ground
Basement
Development Potential, Full, Unfinished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Age
100+ years
Lot size
41.25 × 132 ft · < .50 acres
Exterior
Vinyl Siding
Foundation
Concrete Block
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Driveway
Available, Private (2 spaces)
Parking
2 spaces

Fees & taxes

Property tax
$2,380/yr (2025)

Rooms

Main

Bathroom
2.76 × 1.44 m
Living Room
5.12 × 2.98 m
Primary Bedroom, 3 Pc Ensuite
4.01 × 3.02 m
Foyer
3.04 × 1.73 m
Bedroom
3.6 × 2.76 m
Kitchen, Hardwood Floor
4.14 × 3.66 m
Bathroom
2.1 × 1.82 m

Estimated value range

$332K–$367K

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

Directions
Argyle →

London East, ON

Expansive east London district with parks and a wide range of affordable to mid-range housing.

Monthly paymentest. $2,173/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,639
Property tax$211
Insurance (est.)$73
Utilities (est.)$250
Total monthly$2,173
Land transfer tax$3,724 on closing

Ontario LTT

$3,724

First-time rebate

−$3,724

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

Price & listing history

Listed 2 times · asking price down 4% from the first ask

$349,900↓ 4%

Listed Oct 1, 2026

On the market
$364,900

Listed Aug 13, 2026

On the market

Sold comparables nearby

7 Adelaide Street, London SouthSold

7 Adelaide Street, London South

3 bd·2 ba·1,100-1,500 sqft
172 Fairhaven Circle, London EastSold

172 Fairhaven Circle, London East

3 bd·2 ba·700-1,100 sqft

See what these 6 homes sold for

Create a free account to see sold prices and comparable sales.

Market conditionsBuyer's market in Glen Cairn

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 94.9% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$398,167

Sale-to-list ratio

94.9%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $88,000 household income

Minimum household income required

$88,000

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$1,710/mo median for 2 bed nearby

$1,710/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 105 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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