46 Stanley St is a 4-bedroom, 4-bathroom fourplex in London, listed for $599,900. It has 2000-2500 sq ft of living space.
1Positioned on the edge of downtown, this is a prime opportunity to acquire a solid income-producing asset.
2The building consists of four 1-bedroom units, three of which have been recently renovated-allowing you to step into improved rents and reduced capital expenditure from day one.
Positioned on the edge of downtown, this is a prime opportunity to acquire a solid income-producing asset. With strong rental demand and proximity to the core, this is the type of property that supports both stable occupancy and long-term growth. The building consists of four 1-bedroom units, three of which have been recently renovated-allowing you to step into improved rents and reduced capital expenditure from day one. One unit is currently vacant, offering immediate flexibility to place your own tenant at market rent, while another below-market tenancy presents an excellent opportunity to increase income over time as turnover occurs.Current gross monthly income is approximately $4,552, with a clear path to approximately $5,180 based on market rents and value-added potential. At that level, the property is projected to operate around a 6.0% cap rate, with upside to approximately 7.2% as rents are stabilized and value is added. Operating expenses are well-defined at roughly $1,889/month, resulting in a current NOI of approximately $2,664/month and a projected NOI of approximately $3,291/month once rents are optimized. Depending on financing, this deal shows estimated monthly cash flow in the range of approximately $289-$916, based on current and projected rents.A major differentiator here is the ample on-site parking-something that's increasingly difficult to find this close to downtown and a key factor in tenant retention. Whether you're looking for a performing asset with immediate income or a property where you can still create value through leasing and light improvements, 46 Stanley offers a clean, straightforward path to both.
4 bedrooms, 4 bathrooms, about 2,000 sq ft, works out to roughly $300 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
Inside 46 Stanley St
Every detail from the listing, in one place.
Type
Fourplex
Style
2 1/2 Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
4 spaces
Basement
Unfinished
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2 1/2 Storey
Property class
Fourplex
46 Stanley 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® X13612480$599,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 46 Stanley St Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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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
$2,947
/mo
based on the purchase price of $599,900
$119,980 cash
$479,920 financed
$404,219 total interest
Principal54%$479,920
Interest46%$404,219
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.
Keep looking near 46 Stanley St
Homes for sale in London
Every active London MLS® listing, updated all day.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings2,430Homes for sale here right now.
Median vs prior 90 days−2.2%Compared with May 14 – Aug 12, 2026: prices down.
Based on 1,724 sales from Aug 12 – Nov 10, 2026 (1,546 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 46 Stanley St
How much is 46 Stanley St listed for?
46 Stanley St is listed at $599,900 (MLS® X13612480). Summitly updates the price as soon as the MLS® record changes.
Is $599,900 a good price for 46 Stanley St?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 46 Stanley St changed?
No — 46 Stanley St is still listed at its original asking price of $599,900.
How many bedrooms and bathrooms does 46 Stanley St have?
46 Stanley St has 4 bedrooms and 4 bathrooms, with about 2,000–2,500 square feet of living space. It is a fourplex in London.
How much would the monthly mortgage be on 46 Stanley St?
About $2,947 a month — principal and interest on $599,900 with 20% down ($119,980), 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 46 Stanley St compare with other homes in London?
Its asking price of $599,900 is about 8% above the median sold price in London over the last 90 days, $555,500, across 1,724 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 46 Stanley St been sold before?
Summitly has no earlier MLS® sale or lease of 46 Stanley St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 46 Stanley St?
46 Stanley St is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 46 Stanley St been on the market?
105 days — 46 Stanley St was listed on July 28, 2026.
What is the price per square foot of 46 Stanley St?
About $240 to $300 per square foot: the asking price of $599,900 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 46 Stanley St have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 46 Stanley St have a basement, and is it finished?
The listing describes the basement as: Unfinished.
