0.9-Acre Brick Bungalow with Income Potential near Fanshawe

Property details for 1806 Parkhurst Avenue, London East

Type: Residential
Style: Bungalow
Bedrooms: 4
Bathrooms: 3
Lot Size: 66 x 629 FT
Stories: 1
Basement: Finished, Full
Parking: Attached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $5,513 (2026)

This brick bungalow sits on a massive 66' x 629' lot-think 0.9 acres of mature trees, gardens, and a lawn that actually needs a riding mower (which is included). The house itself is a solid 3+1 bedroom, 3 bath with a finished basement and a gas fireplace in the living room. Granite counters and hardwood floors throughout, plus a hot tub and a 12x16 deck with a gazebo for outdoor lounging. The attached garage is insulated and currently set up as a game/exercise room, but you could convert it for extra income or a fourth bedroom. What's really interesting here is the zoning (R1-8) and the lot depth - it's set up for a rear unit dwelling, so builders and investors take note. You're minutes from Fanshawe College, Argyle Mall, and the 401, with the airport just 3.6 km away. Priced at $1,150,000, which is well above the $699,950 median for nearby listings, but you're paying for that land and the development upside. The place is in mint condition, appliances included, and the shingles (50-year warranty) are from 2021. Three garden sheds for storage. If you're looking to add equity, this is a rare find in an established neighborhood.

About 1806 Parkhurst Avenue, London East — Property Score

Great Location

Score: 66/100

Value

Priced 119.1% above area median of $524,900 based on 213 comparable properties nearby 1

Stable pricing - no price changes since original listing date 50

Size

4 bedrooms - 1 fewer than similarly priced 5-bedroom homes nearby 48

3 bathrooms - 1 fewer than similarly priced properties nearby 48

41,514 sqft lot - an oversized lot for the area 90

Location

$58K median household income - below the Canadian average of $70K 59

81% of residents hold postsecondary credentials - a highly educated neighbourhood 88

71% homeownership rate - indicating a stable, owner-occupied community 80

81% of residents commute under 30 minutes - excellent commuter accessibility 95

2,192/km² population density - a well-balanced suburban area 92

Market

Just listed - area average is 61 days on market 100

-4.2% median price change over 1 month - declining prices in the area 29

30.3 months of housing supply - 303 active listings with 10 sold last month (buyer's market) 40

Features

5-car garage - more than the area average of 4 spots 95

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.48% effective tax rate ($5,512/yr) - very low tax burden 86

27% renter population - primarily owner-occupied area 63

Quality

Granite counters and hardwood floors add premium finishes 85

Durable brick exterior construction 70

New shingles with 50-year warranty (2021), gas fireplace, hot tub 80

Features Lennox furnace and central air conditioning 75

Condition

Well-maintained brick bungalow in good condition 75

Generous 0.9-acre mature lot with three garden sheds 70

Attractive brick bungalow on a large, established lot 75

Listing

Listing description quality 85

6 photos provided - below the area average of 34 photos 60

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

This 4-bed, 3-bath brick bungalow in London East sits on a substantial 0.9-acre lot, offering significant potential for development or expansion. With a median price of $524,900 in the area, this property presents a unique opportunity to invest in a larger parcel with utilities already in place. The...

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.