28 Essex Street · London, N6B 1G2
MLS® X14141118
Listing courtesy of Right At Home Realty·Listing last changed 15 hours ago
Key facts
- Property type
- Detached
- Square footage
- < 700 sqft
- Lot size
- 35.98 × 139.83 ft · < 0.50 acres
- Age
- 51-99 years
- Parking
- 3 spaces
- Property tax
- $4,174/yr (2025)
Description
A GREAT OPPORTUNITY FOR INVESTORS AND FIRST-TIME BUYERS! Located in the heart of London, this fully finished bungalow offers a practical and versatile layout with 2+2 bedrooms and 2 full bathrooms. Offering potential market rental income of approximately $3,000/month, this property presents an attractive opportunity for those looking to enter the investment market or add to an existing portfolio. Offered with vacant possession and available immediately, the possibilities are yours to explore. A property with flexibility, affordability, and long-term potential!
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Property details
Interior
- Size
- < 700 sqft
- Bedrooms
- 2 above grade, 2 lower level
- Rooms
- 5 rooms
- Bathrooms
- 1 × 3-piece on Main, 1 × 3-piece on Basement
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- Cooling
- Central Air
Building & lot
- Type
- Detached, Bungalow
- Age
- 51-99 years
- Lot size
- 35.98 × 139.83 ft · < 0.50 acres
- Exterior
- Stucco (Plaster)
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Water & sewer
- Sewer
Parking
- Driveway
- Front Yard Parking, Private (3 spaces)
- Parking
- 3 spaces
Fees & taxes
- Property tax
- $4,174/yr (2025)
Rooms
Main
- Bathroom, 3 pc bath, tile floor
- 1.01 × 1.72 m
- Kitchen, double sink, open concept, laminate
- 3.15 × 2.9 m
- Living Room, combined w/kitchen, closet, window
- 5.97 × 3.15 m
- Bedroom, closet, laminate, window
- 3.15 × 2.44 m
Lower
- Laundry, Open Concept
- 1.52 × 1.06 m
- Bedroom, window, closet, laminate
- 4.75 × 3 m
- Bedroom, window, closet, laminate
- 4.19 × 3.51 m
- Bathroom, 3 pc bath, tile floor
- 1.67 × 1.08 m
Estimated value range
$665K to $735K
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 North, ON
Residential neighbourhood bordering Western University, popular with faculty and professionals.
Schools nearbyclosest is London South Collegiate Institute, 830 m
Elementary
- 6.9
Tecumseh Public School
880 m · Grades JK-8
Thames Valley District School Board
- 7.5
St Martin Separate School
910 m · Grades JK-8
London District Catholic School Board
- 6.8
Wortley Road Public School
1.1 km · Grades JK-8
Thames Valley District School Board
Secondary
- 4.2
London South Collegiate Institute
830 m · Grades 9-12
Thames Valley District School Board
- 5.7
Catholic Central High School
1.4 km · Grades 9-12
London District Catholic School Board
- 8.0
London Central Secondary School
1.4 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. $4,023/mo all in
Monthly payment estimate
Land transfer tax$10,473 on closing
Ontario LTT
$10,473
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 yesterday
Sold comparables nearby
Sold201 Langley Street, London South
Sold31 Gerrard Street, London South
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 98.3% of asking.
Avg. sold price
$521,167
Sale-to-list ratio
98.3%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $167,000 household income
Minimum household income required
$167,000
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$1,895/mo median for 2 bed nearby
$1,895/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 91 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
Not intended to solicit clients already under contract.
Information herein is deemed reliable but not guaranteed. Listing data is provided by the London and St. Thomas Association of REALTORS® through the MLS® System and is updated multiple times daily. All measurements, square footage, taxes, and property details should be independently verified by buyers and their representatives.
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