363 Ashland Avenue, London East, ON N5W 4E9
East M, London East · Near Ashland Ave & King St · View map
About this home
Excellent Opportunity for Investors & Owner-Occupants! Prime Corner-Lot Fourplex Near London's Vibrant Old East Village! Live in one unit while generating rental income from the others, or add this versatile property to your investment portfolio! Situated on a desirable corner lot with 2 driveways, surrounded by charming Victorian-era homes and just blocks from Powerhouse Brewing Company and Old East Village. Convenient access to restaurants, cafés, shops, public transit, and downtown London.Numerous updates include a metal roof (2020), furnace (2021), A/C (2025), owned water heater (2021), plus newer flooring, kitchens, bathrooms, lighting, electrical, and plumbing throughout.Unit 1: Spacious 2-bedroom unit featuring hardwood flooring, a large kitchen with stainless steel refrigerator and gas stove, bright living room with access to an elevated wooden deck, and 4-piece bath.Unit 2: 2-bedroom unit with living room, kitchen, and 4-piece bath. Currently rented for $1,500/month all-inclusive.Unit 3: Fully renovated bachelor unit featuring modern finishes, laminate flooring, stainless steel refrigerator, gas stove, and 3-piece bath. Currently rented for $1,000/month all-inclusive.Unit 4: Fully renovated 1-bedroom unit with updated kitchen, stainless steel appliances, and living room. Currently vacant, ideal for owner-occupancy or rental potential of approximately $1,000/month all-inclusive. Common laundry area features an owned coin-operated washer (2025) and coin-operated dryer, offering additional income potential. Comes with a Legal Rental License! An excellent opportunity to enjoy homeownership while earning rental income, or maximize returns as a four-unit investment property in a convenient London location!
The home
- Type
- Fourplex
- Style
- 2-Storey
- Square footage
- 1500-2000 sq ft
- Bedrooms
- 7
- Basement bedrooms
- 2
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 14
- Basement
- Finished, Full, Separate Entrance
- Lot size
- 31.7 x 72.8 ft
- Faces
- South
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Carbon Monoxide Detectors, Smoke Detector
- Exterior
- Stucco (Plaster)
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 2
- Total parking
- 2
- Parking features
- Private
Taxes & other
- Property taxes
- $3,554/yr
- Tax year
- 2026
- Occupancy
- Owner+Tenant
- Possession
- Flexible
- Cross street
- Ashland Ave & King St
- Neighbourhood
- East M
More
- Price per sq ft
- ~$428 (at 1,750 sq ft)
- MLS® number
- X14123912
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The home and its surroundings
- Carpet Free
- Water Heater Owned
- Deck
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
363 Ashland Avenue, London East, ON N5W 4E9
East M, London East · Near Ashland Ave & King St
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Listing history for 363 Ashland Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 363 Ashland Avenue
Answers come straight from this home’s MLS® listing.
How much is 363 Ashland Avenue listed for, and what would it cost each month?
363 Ashland Avenue is listed for $749,000. With 20% down ($149,800), the mortgage payment would be roughly $3,021 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,317 a month, all in. That figure is an illustration, not a quote.
Is 363 Ashland Avenue freehold or a condo, and is there a monthly fee?
363 Ashland Avenue is a fourplex in East M, London East. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 363 Ashland Avenue have?
363 Ashland Avenue has 7 bedrooms, plus 2 more bedrooms in the basement, and 4 bathrooms. The listing gives the style as 2-storey.
Does 363 Ashland Avenue have a garage and parking?
The listing does not show a garage. The driveway adds 2 spaces. In total the listing counts 2 parking spaces.
Does 363 Ashland Avenue have a finished basement?
The listing describes the basement as finished, full, separate entrance. It counts 2 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 363 Ashland Avenue?
363 Ashland Avenue is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 363 Ashland Avenue, and what is the lot size?
The listing puts the home between 1,500 and 2,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 31.7 x 72.8 ft.
How is 363 Ashland Avenue heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 363 Ashland Avenue?
Property taxes are $3,554 a year (2026), or about $296 a month.
Where is 363 Ashland Avenue?
363 Ashland Avenue is in the East M community of London East. The nearest main intersection is Ashland Ave & King St. The postal code is N5W 4E9.
Is 363 Ashland Avenue still for sale?
Yes. It is an active listing (MLS® X14123912). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 363 Ashland Avenue asking?
Similar properties for sale nearby right now include 1071.5 Florence Street at $549,900 (4 bed), 1905 Wavell Street at $649,000 (7 bed) and 354 Spruce Street at $569,500 (5 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 363 Ashland Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 363 Ashland Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near East M, picked by style, size and price.
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Triplex$569,500354 Spruce Street, London East5 bed · 3 bath · East HCourtesy of: EXP REALTYView home →Courtesy of: CENTURY 21 FIRST CANADIAN CORP
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.