
407 CASTLEGROVE Place
London, Ontario
5 bed • 3 bath • Multi-family
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.
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