$458,000
↓ $4,122,000 from $4,580,000
Est. payment $2,028/moCalculate yours
553 Quebec Street, London East, ON N5W 3Y9
East, London, ON N5W 3Y9
- 4 Beds
- 2 Baths
- 1,100 Sq Ft
Listing courtesy of EXP REALTY MLS® X13746224
About this home
Amazing Investment Opportunity Located in the heart of London! This turn-key, low-maintenance **legal duplex** in Old East Village will be an amazing addition to your portfolio. Close to downtown, Western Fair Farmer’s Market, and all amenities, including convenient bus routes to both Fanshawe College and Western University. Perfect for anyone looking for a spacious, cash-flowing investment or a mortgage helper to ease your payments.This building features **2 spacious legal dwelling units** and an extensive list of recent updates, including Three Hydro Meters and updated Electrical Panels (2022), Roof (2014), Siding/Eavestrough/Soffits/Fascia (2021), Updated Plumbing (2021), Furnace (2019), and Fence (2020-2021).In addition, there is coin-operated shared laundry, plenty of parking, separate entrances for both units, and a full unfinished basement offering ample storage and workshop space.Fully rented to high-quality A+ tenants, generating a total of **$3,300/month in rental income** - $1,650 for Unit 1 and $1,650 for Unit 2. A fantastic opportunity to own a well-maintained, income-generating property with **2 legal dwellings** in a desirable and convenient London location.
Property details
Overview
- Property Type
- Duplex
- Style
- 2-Storey
- For
- For Sale
- Status
- Price Change
- Size
- 1,100 sqft
Interior
- Bedrooms
- 4
- Bathrooms
- 2
- Kitchens
- 2
- Basement
- Full, Unfinished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Aluminum Siding, Brick
- Foundation
- Brick
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 32 x 100 Feet
- Parking
- None garage · 4 total
Financial
- Property Taxes
- $3,537 (2025)
Location
- Neighbourhood
- East
- Cross Street
- Elias
- Direction Faces
- West
Listing
- MLS® Number
- X13746224
- Days on Market
- 44
- Listed On
- 2026-09-04
- Listed By
- EXP REALTY
Rooms
Features
Interior
- Other
Pool
- None
Mortgage calculator
Estimated mortgage payment
$2,028 per month
- Principal and interest
- $2,028
- Property tax
- $295
- Condo fees
- $0
- Estimated monthly cost
- $2,323
Your mortgage
- Mortgage amount
- $366,400
- Mortgage insurance
- Not needed
- Interest over 25 years
- $241,977
Cash to close
- Down payment
- $91,600
- Land transfer tax
- $5,635
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $97,235
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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