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$579,900

Estimated value about $551K

Est. $2,717/mo mortgage

3+2bd·2ba·700-1,100sqft

1227 Trafalgar Street · London East, N5Z 1H6

MLS® X13869534

6 days on market6 days on market

Listed Oct 6, 2026

Listing courtesy of Re/max Excellence Real Estate·Listing last changed 4 days ago

Key facts

Property type
Detached
Square footage
700-1100 sqft
Lot size
50 × 82 ft
Parking
4 spaces
Property tax
$3,722/yr (2025)

Description

Exceptional Investment Opportunity in Old East London! This well-maintained income property offers an excellent opportunity for first-time buyers and investors alike, featuring Seprate Entrance four parking spaces, a private fenced yard, and convenient on-site laundry. Both the main-floor and lower-level units offer strong rental potential and the opportunity for immediate income. Recent updates include fresh paint, a newer roof, high-efficiency furnace, and air conditioning, providing added comfort and peace of mind. Ideally located within walking distance of Silverwood Arena, St. Julien Park, schools, shopping, public transit, and other everyday amenities, this property combines convenience with excellent investment potential, with estimated rental income of approximately $3,800 per month including Upper and lower portion . A great opportunity to own an income-generating property in a growing and desirable London neighbourhood.

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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 × 3-piece on Basement
Basement
Separate Entrance
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Lot size
50 × 82 ft
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Parking
4 spaces

Fees & taxes

Property tax
$3,722/yr (2025)

Estimated value range

$551K–$551K

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
Glen Cairn →

London East, ON

Established south-end neighbourhood with mature trees and a community-park-centred layout.

Monthly paymentest. $3,437/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,717
Property tax$310
Insurance (est.)$121
Utilities (est.)$250
Total monthly$3,398
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 Oct 6, 2026

On the market

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

Sold comparables nearby

18 Hyla Street, London EastSold

18 Hyla Street, London East

2 bd·1 ba·700-1,100 sqft
40 Magee Street, London EastSold

40 Magee Street, London East

3 bd·1 ba·700-1,100 sqft

See what these 6 homes sold for

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Market conditionsBuyer’s market in London

6.4 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 94.7% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$372,267

Sale-to-list ratio

94.7%

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.

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Rental market$2,195/mo median for 3 bed nearby

$2,195/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 49 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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Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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