363 Ashland Avenue · London, N5W 4E9
MLS® X14123912
Listing courtesy of Century 21 First Canadian Corp·Listing last changed 2 hours ago
Key facts
- Property type
- Fourplex
- Square footage
- 1,500-2,000 sqft
- Lot size
- 31.67 × 72.83 ft
- Parking
- 2 spaces
- Property tax
- $3,554/yr (2026)
Description
Excellent Opportunity for Investors & Owner-Occupants! Prime Corner-Lot Fourplex Near London's Vibrant Old East Village! Live in one unit while generating rental income from the others, or add this versatile property to your investment portfolio! Situated on a desirable corner lot with 2 driveways, surrounded by charming Victorian-era homes and just blocks from Powerhouse Brewing Company and Old East Village. Convenient access to restaurants, cafés, shops, public transit, and downtown London.Numerous updates include a metal roof (2020), furnace (2021), A/C (2025), owned water heater (2021), plus newer flooring, kitchens, bathrooms, lighting, electrical, and plumbing throughout.Unit 1: Spacious 2-bedroom unit featuring hardwood flooring, a large kitchen with stainless steel refrigerator and gas stove, bright living room with access to an elevated wooden deck, and 4-piece bath.Unit 2: 2-bedroom unit with living room, kitchen, and 4-piece bath. Currently rented for $1,500/month all-inclusive.Unit 3: Fully renovated bachelor unit featuring modern finishes, laminate flooring, stainless steel refrigerator, gas stove, and 3-piece bath. Currently rented for $1,000/month all-inclusive.Unit 4: Fully renovated 1-bedroom unit with updated kitchen, stainless steel appliances, and living room. Currently vacant, ideal for owner-occupancy or rental potential of approximately $1,000/month all-inclusive. Common laundry area features an owned coin-operated washer (2025) and coin-operated dryer, offering additional income potential. Comes with a Legal Rental License! An excellent opportunity to enjoy homeownership while earning rental income, or maximize returns as a four-unit investment property in a convenient London location!
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Property details
Interior
- Size
- 1,500-2,000 sqft
- Bedrooms
- 7 above grade, 2 lower level
- Rooms
- 14 rooms · 3 kitchens
- Bathrooms
- 1 × 4-piece on Main, 1 × 3-piece on Main, 1 × 4-piece on Basement, 1 × 4-piece on Second
- Basement
- Finished, Full, Separate Entrance
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Fourplex, 2-Storey
- Lot size
- 31.67 × 72.83 ft
- Exterior
- Stucco (Plaster)
- Foundation
- Poured Concrete
- Roof
- Metal
- Water & sewer
- Sewer
Parking
- Driveway
- Private (2 spaces)
- Parking
- 2 spaces
Fees & taxes
- Property tax
- $3,554/yr (2026)
Estimated value range
$712K to $786K
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
Established south-end neighbourhood with mature trees and a community-park-centred layout.
Schools nearbyclosest is Thames Valley Alternative Secondary School, 320 m
Elementary
- 7.4
Académie de la Tamise
560 m · Grades JK-6
Conseil scolaire Viamonde
- 4.8
Blessed Sacrament Separate School
1.5 km · Grades JK-8
London District Catholic School Board
- 4.2
East Carling Public School
1.6 km · Grades JK-8
Thames Valley District School Board
Secondary
Thames Valley Alternative Secondary School
320 m · Grades 9-12
- 3.3
John Paul II Catholic Secondary School
1.8 km · Grades 9-12
London District Catholic School Board
B Davison Secondary School
2.0 km · Grades 9-12
Thames Valley District School Board
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. $4,211/mo all in
Monthly payment estimate
Land transfer tax$11,455 on closing
Ontario LTT
$11,455
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 today
Sold comparables nearby
Sold922 Queens Avenue, London East
Sold510 Quebec Street, London East
See what these 3 homes sold for
Create a free account to see sold prices and comparable sales.
Market conditionsBuyer’s market in London
6.5 months of inventory: buyers have more options and negotiating power. Nearby, 3 sales in the last 90 days went for an average of 92.1% of asking.
Avg. sold price
$947,000
Sale-to-list ratio
92.1%
Based on 3 recent comparable sales near this home.
Affordabilityneeds $175,000 household income
Minimum household income required
$175,000
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? Call Colin at (226) 212-5099 or text
Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc.
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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Colin Abbot, Broker, Westwood Realty Team
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
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