A Great opportunity for investors and first-time buyers! Located in the heart of London, this fully finished bungalow offers a practical and versatile layout with 2+2 bedrooms and 2 full bathrooms. Offering potential market rental income of approximately $3,000/month, this property presents an attractive opportunity for those looking to enter the investment market or add to an existing portfolio. Offered with vacant possession and available immediately, the possibilities are yours to explore. A property with flexibility, affordability, and long-term potential!
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $1,000 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 28 Essex St
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
< 700 sq ftas stated on the listing
Parking
3 spaces
Basement
Finished, Separate Entrance
Features & systems
Parking & garage
Parking spaces
3
Interior
Basement
Finished · Separate Entrance
Lot & land
Lot size (sqft)
5051
Listing & possession
Property style
Bungalow
Property class
Detached
28 Essex St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14141118$699,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 28 Essex St Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,438
/mo
based on the purchase price of $699,900
$139,980 cash
$559,920 financed
$471,600 total interest
Principal54%$559,920
Interest46%$471,600
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in London
Other 3–5 bed homes for sale in London around $700K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,353Homes for sale here right now.
Median vs prior 90 days−1.5%Compared with May 6 – Aug 4, 2026: prices down.
Based on 1,766 sales from Aug 4 – Nov 2, 2026 (1,497 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 28 Essex St
How much is 28 Essex St listed for?
28 Essex St is listed at $699,900 (MLS® X14141118). Summitly updates the price as soon as the MLS® record changes.
Is $699,900 a good price for 28 Essex St?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 28 Essex St changed?
No — 28 Essex St is still listed at its original asking price of $699,900.
How many bedrooms and bathrooms does 28 Essex St have?
28 Essex St has 2 bedrooms and 2 bathrooms, with about 700 square feet of living space. It is a detached home in London.
How much would the monthly mortgage be on 28 Essex St?
About $3,438 a month — principal and interest on $699,900 with 20% down ($139,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 28 Essex St compare with other homes in London?
Its asking price of $699,900 is about 25% above the median sold price in London over the last 90 days, $561,250, across 1,766 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 28 Essex St been sold before?
Summitly has no earlier MLS® sale or lease of 28 Essex St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 28 Essex St?
28 Essex St is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 28 Essex St been on the market?
28 Essex St was listed today (November 2, 2026).
What is the price per square foot of 28 Essex St?
About $1,000 per square foot: the asking price of $699,900 over the 700 sq ft the listing gives.
Does 28 Essex St have parking or a garage?
Yes — the listing gives 3 parking spaces.
Does 28 Essex St have a basement, and is it finished?
The listing describes the basement as: Finished, Separate Entrance.
