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407 CASTLEGROVE Place

407 CASTLEGROVE Place

London, Ontario

5 bed • 3 bath • Multi-family

$799,000

Licensed, 4-level back-split duplexed home is a rare turnkey opportunity in North London for investors & home owners who want to live in one unit and rent the other. Offering excellent rental income, the property features two spacious, self-contained units each with two levels of living space and two separate fenced yards. Home includes 2 hydro meters, 2 furnaces, 2 A/C units, and 2 owned hot water heaters! Unit A, offers a bright, open-concept main floor with living, dining, and kitchen areas, plus 3 generously sized bedrooms, 2 full bathrooms, and in-suite laundry on the upper level. Unit B features two-level living with a modern open-concept layout, 2 large bedrooms, a full bathroom, and private laundry. In both units, bedrooms are located on a separate floor from the main living area, providing better privacy and sound insulation ideal for comfortable shared living. Each unit enjoys a private fenced yard with a storage shed and backs onto a peaceful park. The home sits on a large pie-shaped lot with parking for four vehicles. Unbeatable location near Western University. Short distance to public transit and amenities. A truly unique, income-generating gem in one of London's most desirable neighbourhoods.

Price History

Schools

Elementary

  • St Thomas More Separate School0.7 km

    Catholic · London District Catholic School Board · 375 students

    Grade 3 reading: 52% met the provincial standard · Grade 6 math: 40% met the provincial standard

  • Orchard Park Public School0.8 km

    Public · Thames Valley DSB · 305 students

    Grade 3 reading: 91% met the provincial standard · Grade 6 math: 74% met the provincial standard

  • Wilfrid Jury Public School1.2 km

    Public · Thames Valley DSB · 995 students

    Grade 3 reading: 65% met the provincial standard · Grade 6 math: 30% met the provincial standard

Secondary

  • Sir Frederick Banting Secondary School1.4 km

    Public · Thames Valley DSB · 1590 students

    Grade 10 literacy: 78% met the provincial standard

  • Oakridge Secondary School2.6 km

    Public · Thames Valley DSB · 1045 students

    Grade 10 literacy: 90% met the provincial standard

  • St. Andre Bessette Secondary School3.8 km

    Catholic · London District Catholic School Board · 1465 students

    Grade 10 literacy: 90% met the provincial standard

Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.

Community

Postal area N6G

Population
50,940
Private dwellings
20,315
Median age
36.4
Average household size
2.7
Median household income
$96,000

Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.

Local market

Multi-family in London · last 12 months

Median sold price
$0
Homes sold
0
Median days on market
0
Sale-to-list price
0.0%

Based on 0 recorded sales of multi-family properties in London over the last 12 months.

Location

Mortgage Calculator

$159,800

Estimated Monthly Payment

$3,925

Investment Analysis

No recent nearby lease data. Enter a rent to see the numbers.

Mortgage: $3,925/mo (20% down, 5.5%)

Taxes: $0/mo · Insurance: $200/mo

Estimates only. Consult a financial advisor.

R

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