Homula Realty Brokerage
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439 South Street, London East, ON N6B 1C1

5 beds · 2 baths · 2 kitchens · 12 rooms · 2 parking spaces · 1500-2000 sq ft · Laundry on the lower level level · Duplex
$549,000
Property tax
$2,565 / year

Turnkey investment opportunity in a convenient central London location. This fully rented home offers an excellent addition to an income property portfolio, featuring 4 bedrooms, 2 kitchens and 2 bathrooms across two separate living spaces. The property sits on a generous 44.5' x 197' lot and includes 2 private parking spaces, providing valuable outdoor space and practical convenience for tenants. Additional features include gas forced-air heating, central air, municipal services and separate hydro metering. Ideally situated close to downtown, public transit, parks, schools and a wide range of everyday amenities. With an established rental configuration and a desirable central location, 439 South St. offers investors an opportunity to acquire a well-positioned income property with long-term rental potential. Please allow at least 24 hour's notice for all showing requests.

MLS number
X13695908
Type
Duplex
Status
Active
Bedrooms
5
Bathrooms
2
Postal code
N6B 1C1
Photos
13
Laundry
Lower Level level
23days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St. John French Immersion School
London District Catholic School Board
Elementary140 m8.6 / 10
86% met the standard
Aberdeen Public School
Thames Valley DSB
Elementary555 m5.0 / 10
50% met the standard
H B Beal Secondary School
Thames Valley DSB
Secondary1.1 km6.8 / 10
68% met the standard · 2 of 6 measures
Holy Rosary Separate School
London District Catholic School Board
Elementary1.2 km6.2 / 10
62% met the standard
Tecumseh Public School
Thames Valley DSB
Elementary1.1 km7.1 / 10
71% met the standard
St Mary School
London District Catholic School Board
Elementary1.3 km9.3 / 10
93% met the standard · 3 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 395 people.

$32,400Median household income
26.7%Own their home
34%Detached houses
46.8Median age
16.2%Born outside Canada
6.3%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390118 — the few blocks around this address, home to 395 people. It describes the area, not this property.

395Population
47.4Average age
1.6Household size
$44,000Average household income
$32,400Median household income
27%Own their home
73%Rent
0%Condominiums
16%Born outside Canada
6%University degree
$280,000Average home value
38%Low income
38%Never married
$10,000 to $14,9994%
$15,000 to $19,9998%
$20,000 to $24,99920%
$25,000 to $29,99912%
$30,000 to $34,9996%
$35,000 to $39,9996%
$40,000 to $44,9992%
$45,000 to $49,9994%
$50,000 to $59,9996%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9994%
$90,000 to $99,9992%
$100,000 and over8%
$100,000 to $124,9996%
$150,000 to $199,9992%

Percentages are of the 245 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$109,800 · minimum here is $29,900
$2,430.85per month
Borrowed before insurance$439,200
Total borrowed$439,200
Interest over 25 years at 4.5%$290,056

If you rented it out

-$2,644.60per month out of pocket
Rent$0.00
Everything it costs to hold$2,644.60
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by SUTTON GROUP - SELECT REALTY. Listing data provided by the Toronto Regional Real Estate Board.