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321 Salisbury Street

East G / London East, ON N5Y 3A8

ActiveFor Sale
5 Beds
2 Baths
700 Sq Ft
Multi-Family

About This Property

Turnkey legal duplex offering an exceptional opportunity for investors or end-users seeking the ultimate mortgage helper! The extensively updated upper unit features 3 bedrooms, a spacious light-filled living room, a generous kitchen with direct access to a freshly painted rear deck, an updated bathroom, and fresh paint throughout. The fully self-contained lower unit offers a private front entrance, 2 bedrooms, large windows, an open-concept living/dining area, and a private kitchen. Both units have convenient access to shared basement laundry with interior access. The lower unit is currently rented for $1,500/month plus utilities, providing immediate rental income to help with mortgage costs. The tenant can be assumed by the buyer, or vacant possession can be provided with 60 days' notice. Recent upgrades include basement flooring, paint and kitchen improvements in 2025, including a new refrigerator, exhaust fan and electric cooking range; heat pumps and a wall-mounted AC unit installed in 2025; separate electrical panels for each unit upgraded from 60 amps to 100 amps in 2025; an upgraded upper-unit bathroom shower enclosure, faucet, sink and vanity in 2026; a lower-unit bathroom vanity and glass shower door installed in 2025; an upgraded upper-unit living room window in 2025; and a washer and dryer replaced in 2026. Additional improvements include an expanded driveway (2018), rear patio addition (2020), new eavestroughs (2021), tub reglazing (2021), and bathroom updates (2021). With numerous recent upgrades, efficient heating and cooling, two separate living spaces, and flexible occupancy options, this property is ideal for investors or buyers looking to live in one unit while generating rental income from the other. Schedule your showing today!

Property Details

StatusActive
Property TypeMulti-Family
Listing TypeFor Sale
Interior Size700 sq ft
Bedrooms5
Bathrooms2
Taxes (2025)$4,342
Postal CodeN5Y 3A8
Last UpdatedOct 28, 2026 · 1:24 p.m.

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Features & Amenities

  • Air Conditioning
  • Basement

Buying or selling in London East?

Filipe & Isabel Ferreira and the Team Filipe (RE/MAX Ultimate Realty Inc., Brokerage) represent buyers and sellers here. Local guides and live listings below.

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TRREB MLS® Attribution

MLS® X13859180

Listed by SHRINE REALTY BROKERAGE LTD.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$535,000

asking price

MLS®X13859180
TypeMulti-Family
CityLondon East
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$2,612

/month · $428,000 mortgage

Down Payment20% — $107,000
Interest Rate5.5%

Amortization

Total Interest

$355,743

Total Cost

$783,743

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

SHRINE REALTY BROKERAGE LTD.