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For sale
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$299,900

Estimated value $285K to $315K

Est. $1,405/mo mortgage

2bd·2ba·700-1,100sqft

1622 Leonard Street · London, N5W 3G6

MLS® X14092302

7 days on market7 days on market

Listed Oct 19, 2026

Listing courtesy of Sutton Group Preferred Realty INC.·Listing last changed 2 days ago

Key facts

Property type
Detached
Square footage
700-1,100 sqft
Lot size
40.54 × 185.68 ft
Parking
5 spaces
Property tax
$3,370/yr (2025)

Description

Welcome to 1622 Leonard Street, one heck of an opportunity for savvy buyers, investors, and first time owners alike. Those looking for a bright, clean, and incredibly versatile 2-bedroom bungalow, look no further! This one packs a massive punch! The main floor welcomes you with a sun-drenched living space, two comfortable bedrooms, a full bathroom, and a spacious, large kitchen perfect for your culinary adventures, while the ultimate game-changer awaits downstairs via a separate side entrance leading directly to a fully finished lower level that features a second kitchen, another full 3pc. bathroom, and two flexible rooms that could easily be converted into legal bedrooms to create the perfect in-law suite or mortgage helper. Equipped with low-maintenance vinyl windows and a detached single-car garage, the interior layout flows seamlessly into your own private outdoor oasis boasting a massive, tree-lined 185-foot-deep lot that backs right onto a peaceful greenspace with no rear neighbours, offering an unmatched combination of privacy, space, and rare lower-level potential that simply will not last long!

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Property details

Interior

Size
700-1,100 sqft
Rooms
6 rooms
Bathrooms
1 × 3-piece on Main, 1 × 3-piece on Lower
Basement
Separate Entrance, Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Lot size
40.54 × 185.68 ft
Exterior
Brick
Foundation
Block
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Garage
1 car Detached
Driveway
Private (4 spaces)
Parking
5 spaces

Fees & taxes

Property tax
$3,370/yr (2025)

Rooms

Main

Bedroom
2.22 × 3.56 m
Living Room
3.38 × 4.5 m
Primary Bedroom
3.4 × 3.01 m
Kitchen
2.92 × 3.26 m
Bathroom
2.22 × 1.47 m

Basement

Other
3.36 × 4.47 m
Dining Room
2.63 × 2.56 m
Kitchen
4.18 × 1.93 m
Other
3.35 × 4.7 m
Bathroom
1.3 × 3.5 m

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

Directions
Argyle →

London 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, 940 m

Elementary

  • Forest City Public School

    940 m · Grades JK-8

    Thames Valley District School Board

    4.8
  • Prince Charles Public School

    970 m · Grades JK-8

    Thames Valley District School Board

    4.0
  • St Pius X Separate School

    1.0 km · Grades JK-8

    London District Catholic School Board

    5.8

Secondary

  • Thames Valley Alternative Secondary School

    1.4 km · Grades 9-12

  • Clarke Road Secondary School

    1.6 km · Grades 9-12

    Thames Valley District School Board

    3.8
  • John Paul II Catholic Secondary School

    1.7 km · Grades 9-12

    London District Catholic School Board

    3.3

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. $1,998/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$1,405
Property tax$281
Insurance (est.)$62
Utilities (est.)$250
Total monthly$1,998
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

$299,900

Listed Oct 19, 2026

On the market

Sold comparables nearby

1976 Royal Crescent, London EastSold

1976 Royal Crescent, London East

3 bd·2 ba·700-1,100 sqft
83 Eastman Avenue, London EastSold

83 Eastman Avenue, London East

2 bd·1 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 London

7 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 97.5% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$455,967

Sale-to-list ratio

97.5%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $80,000 household income

Minimum household income required

$80,000

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$1,699/mo median for 2 bed nearby

$1,699/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 57 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

No obligation. Pick a time that suits you.

(226) 212-5099 · colin@searchlondonhomes.com

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