5 hours on Market

24 Empire St, London East, Ontario N5Y 1G7

Detached
5 + 1
2
~1100-1500 sqft
$498,800
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Detached
5 + 1
2
~1100-1500 sqft

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Highlights

Property Estimate

Days on market5 hours

Estimated valueNot available

Price/Sqft$393/sqft

Monthly cost

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CMA Subject Property

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+13

Properties sold*

$498K

Median sold price*

*Based on last 30 days

Description

Discover a prime investment opportunity in the heart of London East! Welcome to 24 Empire St, a detached home located on a quiet dead-end street in a safe and friendly community. | This property offers space, versatility, and excellent rental potential, making it ideal for investors, students, and families alike. | Inside, you will find 5 spacious bedrooms, plus another room that can easily be converted into a 6th bedroom if needed. | The layout is practical and flexible, giving tenants plenty of privacy and comfort. | With schools, shopping, local markets, and public transit all within walking distance, this home offers unbeatable convenience. Fanshawe College is just a short walk away, while Western University and London International Airport are only a quick 10-minute drive perfect for both local and international students. | This area is surrounded by a strong rental market with consistent demand from students and young professionals, making tenants easy to find. The dwelling's potential yearly gross income ranges from $33,600 to $38,400, delivering a solid return on investment. Plus, with property taxes under $2,700, your cash flow stays strong. | The home has also received some great recent updates, including the second floor (2025), basement ceiling (2025), a backyard deck (2024), and a main door lock (2024). These upgrades mean less work and more peace of mind for the next owner. | Step outside and you will love the private cul-de-sac setting. It is quiet, safe, and perfect for tenants who want a peaceful place to live while still being close to everything the city has to offer. | Whether you are looking to add a reliable income property to your portfolio or searching for a home that offers space and opportunity, 24 Empire St is a smart choice. With its prime location, strong rental potential, low taxes, and recent updates, this house checks all the boxes. Do not miss out on this chance to secure a high-ROI property in one of London's most convenient spots.


Property Details

Style1 1/2 Storey
View-
Age of property-
SqFt~1100-1500 SqFt
Lot Size4,287 SqFt(122.5 x 35)
Parking Spaces2
MLS ®NumberX12396833
Community NameCarling
Data SourceTRREB
Listing byBAY STREET GROUP INC.

Features

Heating: Forced Air
Cooling: Central Air
Basement: Finished, Full

Main Floor

Foyer

1.89 x 1.95

Br

2.87 x 2.59

Double Closet / Ceiling Fan / East View

2nd Br

3.94 x 2.47

Closet / Laminate / South View

3rd Br

3.38 x 2.7

Closet / Ceiling Fan / North View


Features

Lot size: 4,287 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 2


Market Data - Carling

Geo Zone Map ThumbnailCarling

Balanced Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

37 days

Compared to

2024

36 days

2023

15 days

2022

18 days

New Listings

Past 30 days

28 listings

Compared to

2024

19 listings

2023

26 listings

2022

18 listings

Units sold

Past 30 days

9 units

Compared to

2024

13 units

2023

17 units

2022

12 units

Median Sold Price

Past 30 days

$481,000

Compared to

2024

$497,500

2023

$495,000

2022

$525,000


Population and Demographics

Overview

Total population 18701
Average household income $82,796

Age (%)

0 to 19
21%
20 to 34
31%
35 to 49
19%
50 to 64
17%
65 and plus
12%

Household composition (%)

Single family
53%
Single person
36%
Multi person
10%
Multi family
0%

Mother tongue (%)

English
79%
Others
6%
Nepali
3%
Malayalam
3%
Spanish
2%
Arabic
2%
Tagalog (Pilipino, Filipino)
1%

House tenancy (%)

Renters
58%
Owners
42%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget