Amazing Investment Opportunity Located in the heart of London! This turn-key, low-maintenance **legal duplex** in Old East Village will be an amazing addition to your portfolio. Close to downtown, Western Fair Farmer's Market, and all amenities, including convenient bus routes to both Fanshawe College and Western University. Perfect for anyone looking for a spacious, cash-flowing investment or a mortgage helper to ease your payments.This building features **2 spacious legal dwelling units** and an extensive list of recent updates, including Three Hydro Meters and updated Electrical Panels (2022), Roof (2014), Siding/Eavestrough/Soffits/Fascia (2021), Updated Plumbing (2021), Furnace (2019), and Fence (2020-2021).In addition, there is coin-operated shared laundry, plenty of parking, separate entrances for both units, and a full unfinished basement offering ample storage and workshop space.Fully rented to high-quality A+ tenants, generating a total of **$3,300/month in rental income** - $1,650 for Unit 1 and $1,650 for Unit 2. A fantastic opportunity to own a well-maintained, income-generating property with **2 legal dwellings** in a desirable and convenient London location.
4 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $416 per square foot. Chat with Zara if you'd like a deeper read on whether this duplex fits your budget and timing.
Inside 553 Quebec St
Every detail from the listing, in one place.
Type
Duplex
Style
2-Storey
Living space
1100-1500 sq ftas stated on the listing
Parking
4 spaces
Basement
Full, Unfinished
Features & systems
Parking & garage
Parking spaces
4
Interior
Basement
Full · Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Duplex
553 Quebec 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
$2,250
/mo
based on the purchase price of $458,000
$91,600 cash
$366,400 financed
$308,605 total interest
Principal54%$366,400
Interest46%$308,605
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 3–6 bed homes for sale in London around $458K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,478Homes for sale here right now.
Median vs prior 90 days−2.3%Compared with Apr 29 – Jul 28, 2026: prices down.
Based on 1,797 sales from Jul 28 – Oct 26, 2026 (1,477 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 553 Quebec St
How much is 553 Quebec St listed for?
553 Quebec St is listed at $458,000 (MLS® X13746224). Summitly updates the price as soon as the MLS® record changes.
Is $458,000 a good price for 553 Quebec 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 553 Quebec St changed?
Yes — it was first listed at $4,580,000 and is now $458,000, a drop of $4,122,000 (90.0%).
How many bedrooms and bathrooms does 553 Quebec St have?
553 Quebec St has 4 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a duplex in London.
How much would the monthly mortgage be on 553 Quebec St?
About $2,250 a month — principal and interest on $458,000 with 20% down ($91,600), 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 553 Quebec St compare with other homes in London?
Its asking price of $458,000 is about 18% below the median sold price in London over the last 90 days, $557,000, across 1,797 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 553 Quebec St been sold before?
Summitly has no earlier MLS® sale or lease of 553 Quebec St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 553 Quebec St?
553 Quebec St is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 553 Quebec St been on the market?
52 days — 553 Quebec St was listed on September 4, 2026.
What is the price per square foot of 553 Quebec St?
About $305 to $416 per square foot: the asking price of $458,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 553 Quebec St have parking or a garage?
Yes — the listing gives 4 parking spaces.
Does 553 Quebec St have a basement, and is it finished?
The listing describes the basement as: Full, Unfinished.