Excellent Investment Opportunity In London East. Three Bedroom, TWO Full Bathrooms Bungalow With ExcellentProximity To Fanshawe College. Features Oversized Quality Built Garage (30Ftx40Ftx9Ft Clear) 1200 square feet , with washroom, heated & seperate metre . With Independent Electrical Power And Heat. Ideal For A Small Business Or Workshop! Large Lot And BackyardFor Expansion Opportunities. Commercial Shopping, Bus Routes, Schools And Many Amenities Nearby
3 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $472 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.Ask Zara a follow-up
Inside 515 Third St
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1100-1500 sq ftas stated on the listing
Parking
10 spacesYes garage
Basement
Unfinished, Development Potential
Features & systems
Parking & garage
Garage
Yes
Parking spaces
10
Interior
Basement
Unfinished · Development Potential
Lot & land
Lot size (sqft)
8503
Listing & possession
Property style
Bungalow
Property class
Detached
515 Third St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$2,550
/mo
based on the purchase price of $519,000
$103,800 cash
$415,200 financed
$349,707 total interest
Principal54%$415,200
Interest46%$349,707
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 2–4 bed homes for sale in London around $519K.
Average days on market38Homes sold in about 38 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings2,408Homes for sale here right now.
Median vs prior 90 days−0.2%Compared with Apr 15 – Jul 14, 2026: prices down.
Based on 1,885 sales from Jul 14 – Oct 12, 2026 (1,404 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 515 Third St
How much is 515 Third St listed for?
515 Third St is listed at $519,000 (MLS® X13676174). Summitly updates the price as soon as the MLS® record changes.
Is $519,000 a good price for 515 Third St?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% 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 515 Third St changed?
Yes — it was first listed at $539,900 and is now $519,000, a drop of $20,900 (3.9%).
How many bedrooms and bathrooms does 515 Third St have?
515 Third St has 3 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in London.
How much would the monthly mortgage be on 515 Third St?
About $2,550 a month — principal and interest on $519,000 with 20% down ($103,800), 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 515 Third St compare with other homes in London?
Its asking price of $519,000 is about 8% below the median sold price in London over the last 90 days, $564,700, across 1,885 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 515 Third St been sold before?
Yes — Summitly has 1 earlier MLS® listing of 515 Third St on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 515 Third St?
515 Third St is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 515 Third St been on the market?
59 days — 515 Third St was listed on August 14, 2026.
What is the price per square foot of 515 Third St?
About $346 to $472 per square foot: the asking price of $519,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 515 Third St have parking or a garage?
Yes — the listing gives 10 parking spaces. Garage: Yes.
Does 515 Third St have a basement, and is it finished?
The listing describes the basement as: Unfinished, Development Potential.
