45 Irving Place · London, N5V 2H6
MLS® X14127578
Listing courtesy of Vision Network Real Estate LTD·Listing last changed 7 hours ago
Key facts
- Property type
- Detached
- Square footage
- 700-1,100 sqft
- Lot size
- 50 × 151 ft
- Parking
- 3 spaces
- Property tax
- $4,442/yr (2025)
Description
Attention Investors! Fantastic investment opportunity just a short walk from Fanshawe College, generating $48,720 in annual rental income! This bright, spacious, and updated home offers 5 bedrooms plus a den, complete with a separate entrance to the lower level featuring a second kitchen, full bathroom, 2 bedrooms, den, and recreation room, already set up for a potential granny suite or in-law accommodation. The main level offers a functional and inviting layout with a spacious family room, electric fireplace, and sliding patio doors leading to a private, fully fenced backyard complete with a deck. Numerous updates throughout include new flooring on both levels (2021), updated electrical, furnace (2016), newer windows and eavestroughs, and an owned water heater. Conveniently located within walking distance to Fanshawe College and close to shopping, public transit, restaurants, and all major amenities. Whether you're looking to expand your investment portfolio, generate rental income, or accommodate extended family, this versatile property offers incredible potential. Don't miss this opportunity!
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Property details
Interior
- Size
- 700-1,100 sqft
- Bedrooms
- 3 above grade, 2 lower level
- Rooms
- 6 rooms
- Bathrooms
- 1 × 4-piece on Main, 1 × 3-piece on Ground
- Basement
- Finished, Full
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, Bungalow
- Lot size
- 50 × 151 ft
- Exterior
- Brick, Vinyl Siding
- Foundation
- Poured Concrete
- Roof
- Tar and Gravel, Membrane
- Water & sewer
- Sewer
Parking
- Driveway
- Private (3 spaces)
- Parking
- 3 spaces
Fees & taxes
- Property tax
- $4,442/yr (2025)
Rooms
Main
- Bedroom
- 3.58 × 2.9 m
- Bedroom
- 2.77 × 2.87 m
- Kitchen
- 6.3 × 3.38 m
- Bedroom
- 3.66 × 3.05 m
- Living Room
- 4.62 × 3.78 m
Lower
- Den
- 2.79 × 3.38 m
- Bedroom
- 2.87 × 3.4 m
- Office
- 3.17 × 2.74 m
- Kitchen
- 3.38 × 2.77 m
- Bedroom
- 2.84 × 2.92 m
Estimated value range
$522K to $577K
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
Large northeast area with schools, parks, and diverse housing near Fanshawe College.
Schools nearbyclosest is Robarts Provincial School for the Deaf, 300 m
Elementary
Robarts Provincial School for the Deaf
300 m · Grades JK-8
Provincial
Robarts/Amethyst Demonstration Elementary School
300 m · Grades 4-8
Provincial
- 5.3
Sir John A Macdonald Public School
690 m · Grades JK-8
Thames Valley District School Board
Secondary
Robarts Provincial School for the Deaf
300 m · Grades 9-12
Provincial
Robarts/Amethyst Demonstration Secondary School
300 m · Grades 9-12
Provincial
- 3.3
John Paul II Catholic Secondary School
530 m · Grades 9-12
London District Catholic 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. $3,311/mo all in
Monthly payment estimate
Land transfer tax$7,473 on closing
Ontario LTT
$7,473
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
Sold94 Christian's Court, London East
Sold14 Duncan Crescent, 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
6.3 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 96.5% of asking.
Avg. sold price
$502,333
Sale-to-list ratio
96.5%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $136,000 household income
Minimum household income required
$136,000
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
Rental market$2,395/mo median for 3 bed nearby
$2,395/month is the median rent for 3-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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Colin Abbot, Broker
Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099
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