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Investment signal

$485,000

553 QUEBEC STREET

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Beds

Baths

Sqft

—

Year

—

Type

Multi-family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for London East (East G). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

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 bus routes to both Fanshawe College and UWO. Perfect for anyone looking for a spacious, cash-flowing investment or a mortgage helper to ease their payments. This building features 2 spacious units and has an extensive list of recent updates: Three Hydro meters and updated Electrical Panels (2022), Roof (2014), Siding/eavestrough/soffits/fascia (2021), Updated plumbing (2021), Furnace (2019), Fence (2020-2021). In addition, there is a coin-operated shared laundry and plenty of parking. Separate entrances for both units and the full unfinished basement for storage/workshop. Fully rented to high-quality A+ tenants for a total of $3250/month - $1,500 for Unit 1 and $1,750 for Unit 2. (id:65958)

Subtype: Multi-family
Structure: Duplex
Community: East G
Lot dimensions: 32.4 x 100.3 FT
Bedrooms: 4 above grade
Parking: 4 total
Stories: 2
On market: Apr 27, 2026
Status changed: Apr 27, 2026
Annual tax: $3,537
Zoning: R3-2
Photos: 50
MLS#: X13049934
Area: LONDON_EAST_(EAST_G)

Features and systems

Parking

No Garage

Basement

UnfinishedFull

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

BrickAluminum siding

Foundation

Brick

Negative cash flow ~$119/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-1.48%

Cap rate

4.57%

GRM

13.9

Break-even rent

$3,026

Financing

Down payment$97,000

Loan amount$388,000

Mortgage$1,966/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$222

Insurance$80

Maintenance$404

CapEx reserve$202

Vacancy loss$145

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $1,966/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 27, 2026.