$578,000
London East
297 HUNGERFORD Street, London East (East Q), Ontario, N5W6E3
This 5-bedroom, 2-bathroom home in London East is for sale offering roughly 900 sq ft of space. Its $578,000 asking price sits right in line with the $578,000 median in London East. It has been on the market 51 days, fresher than the London East average of 65 days.
This is the one you've been waiting for! Welcome to this charming, bright bungalow offering the perfect blend of family living and excellent income potential. With a fully finished lower level and an active City of London rental license already in place, this home is an ideal opportunity for first-time buyers, families, or investors looking to offset their mortgage with rental income. Imagine enjoying your own private living space upstairs in a peaceful, quiet neighborhood while the lower-level rental income helps with the mortgage. It's a smart way to make homeownership more affordable! The main floor features a living room with beautiful hardwood flooring, which continues through the hallway and all 3 spacious bedrms , complemented by a full bathroom. The functional kitchen features a convenient breakfast-bar peninsula and a comfortable eat-in area overlooking a large bay window. Downstairs through the separate side entrance and discover an impressive, fully finished lower level designed with flexibility and functionality in mind. The lower level features a full kitchen, comfortable living room, two additional bedrm, a study room, and a full bath. Whether you choose to use it as a licensed rental suite, space for extended family, or simply additional living space, the possibilities are excellent. Upgrades just to name few fiberglass shingles were replaced in 2013 , furnace (2026), owned tankless water heater (TWH), energy efficiency while eliminating monthly rental costs. Fully fenced backyard backing onto mature trees with no neighbors directly behind you. Parking for 4 cars and a generous 12 ft. x 8 ft. storage room. Located within walking distance to places of worship, trails, public transit, and everyday amenities. Whether you're purchasing your first home, looking for a property with rental income, or searching for a solid investment opportunity, this bungalow checks all the right boxes at a very attractive price point. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 51 days on market, against an average age of 65 days across the listings currently for sale in this city
This 5-bed single family in London East (East Q) has been listed for 51 days, which is 14 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $578,000, about 9.0× the local median household income of $64,500.
Carrying it typically needs a household income of about $112,904 (20% down, 25-yr amortization, stress-tested) — roughly 75% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5W)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.