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Listed 2 months ago

15 Mayfair Drive

East B, London East

$989,000

Detached|Sidesplit 5
4 | 2 | 7
About this home

Set on Mayfair Drive, just steps from Richmond Street & the gates of Western University, this is a rare opportunity to own a substantial Old North property in one of London's most sought after real estate corridors. This address places you in the heart of a vibrant, in-demand neighbourhood known for its blend of established homes and strong connection to the university. Designed across five distinct levels, the home offers impressive living space with flexibility to evolve alongside your needs, including multiple bonus areas suited to additional sleeping quarters, private offices, or dedicated study spaces - ideal for growing families or multi-generational living. Set on an expansive lot approaching half an acre, the property delivers a level of land rarely found this close to Western. The backyard is a true standout - expansive, private, and full of possibility, offering a rare in-city setting ideal for family living, entertaining, or future vision. Inside, natural light fills the generous principal rooms, complemented by a wood-burning fireplace in the main living area and a second lounge with a gas fireplace. Extensive built-in storage adds everyday functionality. A detached garage, rear yard shed, and parking capacity well beyond typical city offerings further enhance the property. Recent updates include a newer roof, new AC (installed July 2026) providing peace of mind while leaving room to elevate and personalize the interior. A compelling opportunity offering scale, location, and long-term potential. A true must see!

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleSidesplit 5
Approx. Age51-99
Size3000-3500 sq. ft.
Property Tax$8,516
Lot Size75 ft x 188 ft
mls© NumberX13496240
Listed ByTHE REALTY FIRM INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,062
Property tax
$710
Heat allowance
$150
Housing costs
$5,922 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $197,800
25-yr amortization

Income needed

$182,000

gross annual household income

Payment at 4%
$4,162 / mo
Cash down
$197,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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