Corner lot with double garage in East London near airport

Property details for 438 Forest Lawn Avenue, London

Type: Residential
Style: Other
Bedrooms: 3
Bathrooms: 1
Living Area: 1,139 square feet
Lot Size: 0.295
Stories: 1.5
Basement: Partially finished, Partial
Parking: Attached Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick Veneer
Ownership: Freehold
Annual Taxes: $3,018

The 0.295-acre corner lot is the standout here, a rare find in the city and big enough for serious gardening or play. The house itself is a 1950 side-split with 1,139 sq ft, 3 beds, 1 bath, and a partially finished basement with a rec room that's currently used as a bedroom. Kitchen's been updated with quartz counters and pot lights are throughout, giving the main floor a modern feel. You get a double-car garage with direct access from the kitchen, plus owned tankless water heater. There's parking for 8 cars total, which is huge for this area. The lot is 67 feet frontage, so it's not just deep, it's wide. Located near East London, you're 2.6 km from the airport, 0.7 km to East Side Mario's, and a short drive to schools like Fanshawe College (2.8 km). This is a quiet street but close to amenities. Price at $589,900 is above the nearby median of $424,900, but you're paying for that lot and garage. With scores like 94 for listing and 80 for location, it's been well-received. Only 2 active listings nearby, so it's a competitive spot. If you need interior space, it's modest, but the yard and parking make up for it.

About 438 Forest Lawn Avenue, London — Property Score

Great Location

Score: 61/100

Value

Priced 15.8% above area median of $509,394 based on 6 comparable properties nearby 46

$518/sqft - 16.4% above the $445/sqft area median 45

Stable pricing - no price changes since original listing date 50

Size

1,139 sqft - 34% less space than similarly priced homes (1,714 sqft median) 33

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

1 bathroom - 2 fewer than similarly priced properties nearby 36

12,850 sqft lot - an oversized lot for the area 90

Location

$81K median household income - above the Canadian average of $70K 70

83% of residents hold postsecondary credentials - a highly educated neighbourhood 90

90% homeownership rate - indicating a stable, owner-occupied community 93

77% of residents commute under 30 minutes - excellent commuter accessibility 92

28/km² population density - a rural or semi-rural setting 55

Market

Just listed - area average is 14 days on market 88

-99.8% median price change over 1 month - declining prices in the area 1

22 months of housing supply - 22 active listings with 1 sold last month (buyer's market) 40

Features

8-car garage - more than the area average of 4.3 spots 95

Partially finished, Partial basement - potential for additional finished space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

Built in 1950 (76 years old) - established home with character, older than the area average (1985) 35

No premium extras like pool, waterfront, or view 50

Investment

0.51% effective tax rate ($3,018/yr) - very low tax burden 85

10% renter population - primarily owner-occupied area 42

Quality

Condition

Listing

50 photos provided - 56% more than the area average of 32 photos 92

7 of 7 key property details provided (100%) - comprehensive listing with excellent detail 95

* 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.