626 Lorne Avenue, London East
Visit the REALTOR website for further information about this listing. Exceptional opportunity for homeowners, investors, and business owners alike. This charming Victorian legal duplex combines character, flexibility, and income potential in the heart of Old East Village. Featuring classic period architecture, generous room sizes, and the timeless appeal of a heritage-era home, this property offers a unique alternative to newer construction. The duplex offers a vacant 3-bedroom main-floor unit available for possession August 1st, plus an upper 1-bedroom apartment providing immediate rental income. Situated on a 40-foot lot, the property features parking for up to 4 vehicles and a large private fenced backyard, providing ample outdoor space. The main-floor unit offers three bedrooms, a spacious living area, kitchen, 4-piece bathroom, and private laundry. The upper apartment features 1 bedroom, living room, kitchen, 4-piece bathroom, and its own laundry facilities. Current upper-unit tenancy (4 months into a one-year lease) provides stable income while the vacant main-floor unit offers flexibility for owner occupancy or market-rent potential. Separate laundry for each unit adds convenience and tenant appeal. The property has benefited from professional insulation upgrades, including the attic, both crawl spaces, and spray-foam insulation in the basement rim joist cavities, improving energy efficiency and year-round comfort. Located in London's vibrant Old East Village, close to downtown, Western Fair District, schools, parks, public transit, shopping, restaurants, and everyday amenities. Low property taxes further enhance the property's investment appeal. A versatile property offering character, income today, and flexibility for the future. (id:1945)
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Property details for 626 Lorne Avenue, London East
- Type
- Multi-family
- Bedrooms
- 4
- Bathrooms
- 2
- Lot Size
- 40 x 150 FT
- Stories
- 1.5
- Basement
- Unfinished, Crawl space
- Parking
- No Garage
- Heating
- Forced air, Natural gas
- Cooling
- None
- Exterior
- Wood, Brick
- Annual Taxes
- $2,107
Nearby Listings Stat
Estimated price and comparable properties near 626 Lorne Avenue
Active Listings
27
Min Price
$235,000
Max Price
$837,000
Avg Price
$497,722
Days on Market
52
days
Sold Listings
12
Min Sold Price
$349,000
Max Sold Price
$695,000
Avg Sold Price
$507,617
Days until Sold
61
days
Neighbourhood Census Data
London, Ontario
Population
612
Median Age
36.4
Median Income
$22,752
Dwelling Value
$170,346
Housing Tenure
Owners 30%
Renters 70%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 1.7
Pop. Density: 3,808.3/km²
Avg Shelter Cost: $914/mo
Owners with Mortgage: 65.2%
Owners Spending 30%+: 26.1%
Tenants Spending 30%+: 50.9%
English only: 89.4%
English and French: 9.8%
Median Household Income: $31,552
Median Employment Income: $24,032
Price History
Listed
June 21, 2026
by EASY LIST REALTY LTD.
Current Price
$484,999
-3% from last change
Type
Multi-family
For Sale
Price Changes
2
| Date | Price | Change |
|---|---|---|
| Current | $484,999 | $15,000 (-3%) |
| Jul 14, 2026 | $499,999 | $30,000 (-5.7%) |
| Jul 2, 2026 | $529,999 | Listed |
