321 Salisbury Street · London East, N5Y 3A8
MLS® X13859180
Listed Oct 3, 2026
Listing courtesy of Shrine Realty Brokerage LTD.·Updated 10 hours ago
Description
Turnkey legal duplex offering an exceptional opportunity for investors or end-users seeking the ultimate mortgage helper! The extensively updated upper unit features 3 bedrooms, a spacious light-filled living room, a generous kitchen with direct access to a freshly painted rear deck, an updated bathroom, and fresh paint throughout. The fully self-contained lower unit offers a private front entrance, 2 bedrooms, large windows, an open-concept living/dining area, and a private kitchen. Both units have convenient access to shared basement laundry with interior access. The lower unit is currently rented for $1,500/month plus utilities, providing immediate rental income to help with mortgage costs. The tenant can be assumed by the buyer, or vacant possession can be provided with 60 days' notice. Recent upgrades include basement flooring, paint and kitchen improvements in 2025, including a new refrigerator, exhaust fan and electric cooking range; heat pumps and a wall-mounted AC unit installed in 2025; separate electrical panels for each unit upgraded from 60 amps to 100 amps in 2025; an upgraded upper-unit bathroom shower enclosure, faucet, sink and vanity in 2026; a lower-unit bathroom vanity and glass shower door installed in 2025; an upgraded upper-unit living room window in 2025; and a washer and dryer replaced in 2026. Additional improvements include an expanded driveway (2018), rear patio addition (2020), new eavestroughs (2021), tub reglazing (2021), and bathroom updates (2021). With numerous recent upgrades, efficient heating and cooling, two separate living spaces, and flexible occupancy options, this property is ideal for investors or buyers looking to live in one unit while generating rental income from the other. Schedule your showing today!
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Property details
Interior
- Size
- 700-1100 sqft
- Bedrooms
- 3 above grade, 2 lower level
- Rooms
- 6 rooms
- Bathrooms
- 1 × 4-piece on Main, 1 × 4-piece
- Basement
- Finished, Full
- Heating
- Baseboard
- Cooling
- Wall Unit(s)
Building & lot
- Type
- Detached, Bungalow-Raised
- Lot size
- 53.13 × 100.24 ft · < .50 acres
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Shingles
- Water & sewer
- Sewer
Parking
- Driveway
- Private (3 spaces)
- Parking
- 3 spaces
Fees & taxes
- Property tax
- $4,342/yr (2025)
Rooms
Main
- Bedroom 3
- 2.38 × 3.04 m
- Bathroom
- 2.13 × 1.55 m
- Primary Bedroom
- 3.45 × 3.06 m
- Bedroom 2
- 2.74 × 2.71 m
- Living Room
- 3.81 × 4.71 m
- Foyer
- 1.09 × 0.97 m
Lower
- Living Room
- 6.14 × 3.39 m
- Kitchen
- 3.38 × 2.02 m
- Bathroom
- 1.98 × 1.55 m
- Bedroom 5
- 3.32 × 3.12 m
- Bedroom 4
- 3.38 × 3.14 m
- Laundry
- 2.86 × 2 m
Estimated value range
$508K–$562K
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.
Monthly paymentest. $3,190/mo all in
Monthly payment estimate
Land transfer tax$7,175 on closing
Ontario LTT
$7,175
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 3, 2026
Sold comparables nearby
Sold1269 LANDOR Street, London East
Sold444 Grosvenor Street, London East
See what these 6 homes sold for
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Market conditionsBuyer's market in Old East Village
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 97.6% of asking.
Avg. sold price
$435,333
Sale-to-list ratio
97.6%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $132,000 household income
Minimum household income required
$132,000
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$2,323/mo median for 3 bed nearby
$2,323/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 64 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
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