49 Paddington Avenue, London, Ontario - investment opportunity! This 5-bedroom plus den, 3-bathroom triplex is offered at $699,999 and presents an excellent opportunity for investors looking to expand their rental portfolio. Featuring multiple living spaces, this property offers the potential for rental income from three separate units. Whether you're an experienced investor or looking to enter the multi-residential market, this property is worth a closer look. Explore the possibilities and investment potential that 49 Paddington Avenue has to offer. Photos are digitally enhanced
5 bedrooms, 3 bathrooms, about 2,000 sq ft, works out to roughly $350 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 49 Paddington Ave
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
2000-2500 sq ftas stated on the listing
Parking
4 spaces
Basement
Crawl Space
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Crawl Space
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
49 Paddington Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14081504$699,999
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 49 Paddington Ave 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
$3,439
/mo
based on the purchase price of $699,999
$140,000 cash
$559,999 financed
$471,666 total interest
Principal54%$559,999
Interest46%$471,666
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.
For homeowners nearby
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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 4-bed homes for sale in London around $700K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings2,510Homes for sale here right now.
Median vs prior 90 days−1.8%Compared with Apr 18 – Jul 17, 2026: prices down.
Based on 1,805 sales from Jul 17 – Oct 15, 2026 (1,429 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 49 Paddington Ave
How much is 49 Paddington Ave listed for?
49 Paddington Ave is listed at $699,999 (MLS® X14081504). Summitly updates the price as soon as the MLS® record changes.
Is $699,999 a good price for 49 Paddington Ave?
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 49 Paddington Ave changed?
No — 49 Paddington Ave is still listed at its original asking price of $699,999.
How many bedrooms and bathrooms does 49 Paddington Ave have?
49 Paddington Ave has 5 bedrooms and 3 bathrooms, with about 2,000–2,500 square feet of living space. It is a detached home in London.
How much would the monthly mortgage be on 49 Paddington Ave?
About $3,439 a month — principal and interest on $699,999 with 20% down ($140,000), 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 49 Paddington Ave compare with other homes in London?
Its asking price of $699,999 is about 25% above the median sold price in London over the last 90 days, $560,000, across 1,805 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 49 Paddington Ave been sold before?
Summitly has no earlier MLS® sale or lease of 49 Paddington Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 49 Paddington Ave?
49 Paddington Ave is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 49 Paddington Ave been on the market?
49 Paddington Ave was listed today (October 15, 2026).
What is the price per square foot of 49 Paddington Ave?
About $280 to $350 per square foot: the asking price of $699,999 over the 2,000–2,500 sq ft the listing gives as its size range.
Does 49 Paddington Ave have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 49 Paddington Ave have a basement, and is it finished?
The listing describes the basement as: Crawl Space.
