- Bedrooms
- 4
- Bathrooms
- 2
- Size
- 1,100–1,500sq ft
- Per sq ft
- $422at the range’s middle
- Lot
- 36.17 x 197 ft
- Tax a year
- $3,3702025 tax year
- Built
- 100+
- Parking
- 4none
- Days on market
- Members
The brief
About 431 South St
431 South St is a 4-bedroom, 2-bathroom duplex in East K, London East, listed for sale at an asking price of $549,000 (MLS® X13695900).
Excellent opportunity for investors seeking a fully rented, income-producing property in an established London location. This well-positioned property offers two separate living spaces with a total of 4 bedrooms, 2 kitchens and 2 bathrooms, providing a practical configuration for rental income and long-term investment. Each unit benefits from its own kitchen and living space, while the property offers 4 private parking spaces and a substantial 36' x 197' lot. The property combines the character of an established neighbourhood with important modern conveniences including gas forced-air heating, central air and main-floor laundry. Conveniently located near public transit, parks, schools and everyday amenities. An attractive opportunity for investors looking for an established, fully tenanted property with a straightforward income-producing configuration. Please allow at least 24 hour's notice for all showing requests.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even50/100−$286/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 17 homes with 4 bedrooms for lease in London East right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,370 / 2025
- MLS® number
- X13695900
- Board
- TRREB MLS®
- Property Type
- Duplex
- Building Age
- 100+
- Days on market
- Size
- 1100-1500 sqft
- Lot Size
- 36.17 x 197 ft
- Listed on
- Parking
- None, 4 Parking
Property details
Property
- Property Type
- Duplex
- Style
- Bungalow
- Community
- East K
- Municipality
- London East
Building
- Size
- 1100-1500 sqft
- Building Age
- 100+
- Construction
- Vinyl Siding
Inside
- Bedrooms
- 4
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc 2nd, 1 × 4pc Ground
- Basement Type
- Unfinished
- Kitchens
- 2
Parking
- Driveway
- Private
- Garage Type
- None
- Additional Parking
- 4
- Total Parking
- 4
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 36.17 ft
- Depth
- 197 ft
- Lot Size
- 36.17 x 197 ft
Additional
- Foundation
- Block
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- Refrigerator (2), Stove (2), Dishwasher (2), Washer (2), Dryer (2)
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.35 × 3.35 m | — | Ground |
| Kitchen | 2.13 × 2.44 m | — | Ground |
| Primary | 3.35 × 2.86 m | — | Ground |
| 2nd Br | 3.35 × 2.56 m | — | Ground |
Listing history
Buy/sell history for 431 South St, London East, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $549,000 | N/A | For Sale | X13695900 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $109,800
- Total mortgage amount
- $439,200
- Total interest payment
- $312,300
- Total purchase cost
- $861,300
- Mortgage payment
- $2,505/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
29%Monthly carrying cost
$2,786- Rent $2,500
- Shortfall $286
Rental income opens at $2,500, the median asking rent of 17 comparable homes for lease in London East. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $7,455
- Total land transfer tax
- $7,455
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $3,455
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $549,000
- $2,980
- Ontario total
- $7,455
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 7,125 sq ft662 m²
- Street frontage
- 36.17 ft11 m
- Depth
- 197 ft60 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m14 test or monitoring holes also recorded.250 m
- Groundwater recorded about 6.1 m below ground nearbyThe middle water level in the well records within 500 m (76 records). It changes with the season and from spot to spot.500 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 8.1 km8.1 km
Province of Ontario open data
Around the home2
- Nearest rail line: 200 m200 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 2 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is London Hospital Linen Service Inc. — LHLS, 310 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Multiplexes for sale in East K right now
- For sale now
- 6
- Median asking price
- $524K
- New in 7 days
- 1
- Price cuts
- 0%
Middle half: $462K to $549K
2 in 28 days
0 listings
This home is asking 5% above the median.
See all homes in East KAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St. John French Immersion SchoolLondon District Catholic School Board | Catholic · grades JK–8 · French Immersion | 150 m | 83%Grade 6 average |
| Aberdeen Public SchoolThames Valley DSB | Public · grades JK–8 | 550 m | 56%Grade 6 average |
| Tecumseh Public SchoolThames Valley DSB | Public · grades JK–8 | 1.1 km | 71%Grade 6 average |
| Académie de la TamiseConseil scolaire Viamonde | French-language public · grades JK–6 | 3.3 km | 92%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| B Davison Secondary School Secondary SchoolThames Valley DSB | Public · grades 9–12 | 1.1 km | — |
| H B Beal Secondary SchoolThames Valley DSB | Public · grades 9–12 | 1.1 km | 56%Grade 9 math |
| Catholic Central High SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 1.2 km | 57%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 4.3 km | 57%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in East K are shown to signed-in members.