Brick Bungalow with In-Law Suite in Fairmont

Property details for 172 Fairhaven Circle, London East

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 2
Lot Size: 55 x 110 FT
Stories: 1
Basement: Finished, N/A
Parking: No Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $3,470 (2025)

Fairmont's a solid, family-oriented pocket of London East, and this brick bungalow sits on a quiet 55 x 110 foot lot. The main floor has the usual two bedrooms, but there's a third room that could be an office or a bedroom. You've got hardwood floors, an updated four-piece bath, and laundry up here. But the real story is the finished basement. It's got its own kitchen, living and dining space, a bedroom, a two-piece bath, and another laundry setup. That's basically a separate apartment for in-laws or renters. Both kitchens come with fridges and stoves, and there are two washers and dryers, so you could easily split this into a legal-ish duplex. Recent updates are everywhere. Most windows are new, there's added insulation in the attic and walls, and the roof is from 2013. High-efficiency furnace, central air, updated breaker panel. You won't have to sink cash into this place right away. Outside, the yard is fully fenced with a patio, a shed, and some mature trees. Parking for three cars on the driveway. It's just a few minutes to Western Fair, and both H.B. Beal and London District Christian are within a 10-minute drive. The median home around here went for 492K recently, so at 459,900, you're paying less and getting a suite that could cover a big chunk of your mortgage.

About 172 Fairhaven Circle, London East — Property Score

Great Location

Score: 67/100

Value

Priced 8% below area median of $499,900 based on 204 comparable properties nearby 82

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - typical for similarly priced homes 60

2 bathrooms - typical for similarly priced properties 60

6,050 sqft lot - a generous lot for the area 78

Location

$62K median household income - near the Canadian average of $70K 61

68% of residents hold postsecondary credentials - a highly educated neighbourhood 78

88% homeownership rate - indicating a stable, owner-occupied community 91

79% of residents commute under 30 minutes - excellent commuter accessibility 93

1,906/km² population density - a well-balanced suburban area 89

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

3-car garage - area average is 4 spots 80

Finished, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.75% effective tax rate ($3,470/yr) - below the Canadian average of ~1% 78

12% renter population - primarily owner-occupied area 45

Quality

Condition

Listing

49 photos provided - 44% more than the area average of 34 photos 92

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

* 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.