626 First St #505 is a 4-bedroom, 2-bathroom condo in London, listed for $299,000. It has 800-899 sq ft of living space.
1This versatile property can be your new home or a turn-key investment opportunity!
2This top-floor condo is conveniently located right across from Fanshawe College, and currently accommodates 4 single student rental rooms, kitchen and 2 full baths.
3A helpful and friendly on-site building manager, 1 assigned parking spot, and water are also included in maintenance fees.
This versatile property can be your new home or a turn-key investment opportunity! This top-floor condo is conveniently located right across from Fanshawe College, and currently accommodates 4 single student rental rooms, kitchen and 2 full baths. Current monthly RENTAL INCOME is over $3000! This property can also be easily reversed back to a SINGLE FAMILY unit at any time. BONUS: All bedroom FURNISHINGS are included - smart tv's, beds, desks, bookshelves and more! The solid brick building is equipped with an elevator and security cameras throughout. A helpful and friendly on-site building manager, 1 assigned parking spot, and water are also included in maintenance fees. Other amenities include restaurants, stores, parks, and transportation.
4 bedrooms, 2 bathrooms, about 800 sq ft, works out to roughly $374 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 626 First St #505
Every detail from the listing, in one place.
Type
Condo
Style
1 Storey/Apt
Living space
800-899 sq ftas stated on the listing
Parking
1 space
Basement
None
Features & systems
Parking & garage
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
1 Storey/Apt
Property class
Condo Apartment
626 First St #505 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13619660$299,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 626 First St #505 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
$1,469
/mo
based on the purchase price of $299,000
$59,800 cash
$239,200 financed
$201,469 total interest
Principal54%$239,200
Interest46%$201,469
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
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
Own a home on First Street? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 626 First St #505 with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 626 First St #505 day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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-bed homes for sale in London around $299K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings2,413Homes 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.
More in this building
1 for sale · 1 for rent at 626 First St — plus its sale and lease history.
626 First St #505 is listed at $299,000 (MLS® X13619660). Summitly updates the price as soon as the MLS® record changes.
Is $299,000 a good price for 626 First St #505?
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 626 First St #505 changed?
No — 626 First St #505 is still listed at its original asking price of $299,000.
How many bedrooms and bathrooms does 626 First St #505 have?
626 First St #505 has 4 bedrooms and 2 bathrooms, with about 800–899 square feet of living space. It is a condo in London.
How much would the monthly mortgage be on 626 First St #505?
About $1,469 a month — principal and interest on $299,000 with 20% down ($59,800), 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 626 First St #505 compare with other homes in London?
Its asking price of $299,000 is about 46% below 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 626 First St #505 been sold before?
Summitly has no earlier MLS® sale or lease of 626 First St #505 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 626 First St #505?
626 First St #505 is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 626 First St #505 been on the market?
103 days — 626 First St #505 was listed on July 30, 2026.
What is the price per square foot of 626 First St #505?
About $333 to $374 per square foot: the asking price of $299,000 over the 800–899 sq ft the listing gives as its size range.
Does 626 First St #505 have parking or a garage?
Yes — the listing gives 1 parking space.
Does 626 First St #505 have a basement, and is it finished?
The listing says 626 First St #505 has no basement.
