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$640,000

Est. $2,998/mo mortgage

4bd·2ba·1,100-1,500sqft

231 Chelton Road · London South, N6M 1H9

MLS® X12662510

263 days on market263 days on market

Listed Jan 5, 2026

Listing courtesy of Kigo Realty INC.·Updated Sep 2

Description

Former Ashbury Model Home Spacious 4 Level Backsplit With 2198 Sq. Ft. Finished On Third Levels. Vaulted Ceilings In Living Room And Kitchen. The Kitchen Has An Island And Crown Moulding Around The Cabinets. Stairs To Lower Level Off Both Dining Room And Kitchen. Unique Layout With Master Bedroom Having Cheater Ensuite With Oversized Whirlpool Tub And Separate Shower Stall Plus Walk-In Closet. Lower Family Room Has Gas Fireplace And Open Oversized Living Family Room. Private Fenced Rear Yard, With Patio Area Poured Concrete. Five Appliances Included, Hot Water Heater Owned. Large Unfinished Area In Basement With Space Approximately 33'x22' For More Room To Expand If Required. Come See This Excellent 4 Level Backsplit That Offers Excellent Value.

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Property details

Interior

Size
1100-1500 sqft
Rooms
7 rooms
Bathrooms
1 × 5-piece on Second, 1 × 4-piece on Third
Basement
Full, Unfinished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Sidesplit 4
Lot size
46.41 × 128.97 ft
Exterior
Vinyl Siding, Brick
Foundation
Concrete
Roof
Asphalt Shingle
Water & sewer
Other

Parking

Garage
2 car Attached
Parking
4 spaces

Fees & taxes

Property tax
$4,708/yr (2025)

Rooms

Main

Kitchen
4.3 × 4.45 m
Living Room
6.55 × 5.22 m

Second

Primary Bedroom
4.45 × 3.96 m
Bedroom 3
3.51 × 3.05 m
Bedroom 2
3.66 × 3.05 m

Third

Bedroom 4
3.6 × 3.11 m
Family Room
6.83 × 5.52 m

AI property estimate

$533,932Estimate is ~16.6% below asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$480,539$587,325

78% confidence · 37 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
London South

London South, ON

Monthly paymentest. $3,767/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,998
Property tax$386
Insurance (est.)$133
Utilities (est.)$250
Total monthly$3,767
Land transfer tax$9,275 on closing

Ontario LTT

$9,275

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$640,000

Listed Jan 5, 2026

On the market

Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.

Sold comparables nearby

2294 SOUTHPORT Crescent, London SouthSold

2294 SOUTHPORT Crescent, London South

3 bd·3 ba·1,500-2,000 sqft
171 Emerald Road, London SouthSold

171 Emerald Road, London South

3 bd·3 ba·1,500-2,000 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in London South

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 97.1% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$617,572

Sale-to-list ratio

97.1%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $157,000 household income

Minimum household income required

$157,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin
Rental market$2,800/mo median for 4 bed nearby

$2,800/month is the median rent for 4-bedroom homes leased within 3km over the past 12 months, across 32 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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