577 Third Street #37 · London, N5V 4B9
MLS® X14091142
Listing courtesy of Blue Forest Realty INC.·Listing last changed 1 hour ago
Key facts
- Property type
- Condo townhouse
- Square footage
- 1,000-1,199 sqft
- Storeys
- 1
- Age
- 31-50 years
- Parking
- 1 space
- Property tax
- $2,196/yr (2026)
Description
Excellent Investment Opportunity Near Fanshawe College! This 3-bedroom, 2.5-bathroom corner unit offers an attractive opportunity for investors looking for strong rental income and minimal management concerns. Currently generating $3,550/month in rental income, with problem-free tenants already in place, this property offers immediate cash flow and peace of mind. Ideally located close to Fanshawe College, shopping, restaurants, transit, parks, and everyday amenities, making it highly desirable for students, professionals, and long-term renters. Whether you're adding to your portfolio or looking for your first investment, this is an opportunity worth exploring.
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Property details
Interior
- Size
- 1,000-1,199 sqft
- Rooms
- 9 rooms
- Bathrooms
- 1 × 2-piece on Main, 1 × 4-piece on Second, 1 × 3-piece on Lower
- Basement
- Full, Finished
- Heating
- Forced Air
- Cooling
- Central Air
- Laundry
- N
Building & lot
- Type
- Condo townhouse, 2-Storey
- Age
- 31-50 years
- Exterior
- Vinyl Siding, Brick
- Storeys
- 1
- Exposure
- North
Parking
- Parking
- 1 space
- Locker
- None
Fees & taxes
- Condo fee
- $300/mo
- Fee includes
- parking
- Pets
- Yes-with Restrictions
- Property tax
- $2,196/yr (2026)
- Corporation
- 184 184
- Managed by
- G3 Property Solutions Inc.
Estimated value range
$285K to $315K
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
Expansive east London district with parks and a wide range of affordable to mid-range housing.
Schools nearbyclosest is Forest City Public School, 250 m
Elementary
- 4.8
Forest City Public School
250 m · Grades JK-8
Thames Valley District School Board
Robarts Provincial School for the Deaf
1.5 km · Grades JK-8
Provincial
Robarts/Amethyst Demonstration Elementary School
1.5 km · Grades 4-8
Provincial
Secondary
- 3.3
John Paul II Catholic Secondary School
1.4 km · Grades 9-12
London District Catholic School Board
Robarts Provincial School for the Deaf
1.5 km · Grades 9-12
Provincial
Robarts/Amethyst Demonstration Secondary School
1.5 km · Grades 9-12
Provincial
Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.
Monthly paymentest. $2,200/mo all in
Monthly payment estimate
Land transfer tax$2,974 on closing
Ontario LTT
$2,974
First-time rebate
−$2,974
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed today
Sold comparables nearby
Sold63 - 595 Third Street, London East
Sold116 - 1775 Culver Drive, London East
See what these 6 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBuyer’s market in London
6.2 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 93.7% of asking.
Avg. sold price
$301,833
Sale-to-list ratio
93.7%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $76,000 household income
Minimum household income required
$76,000
Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization, this home's listed property tax and a 32% GDS ratio. Rounded to the nearest thousand.
Not sure about financing? Ask Colin →Rental market$2,300/mo median for 3 bed nearby
$2,300/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.
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
No obligation. Pick a time that suits you.
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