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$599,000

Est. $2,806/mo mortgage

3bd·2ba·1,100-1,500sqft

712 Chester Street · London South, N6C 2K2

MLS® X13085878

141 days on market141 days on market

Listed May 5, 2026

Listing courtesy of Pg Direct Realty LTD.·Updated Aug 19

Description

Visit REALTOR website for additional information. Welcome to this solid all-brick bungalow offering incredible versatility and income potential in a prime location! Featuring a legal accessory apartment, this property is ideal for investors or homeowners looking to offset their mortgage with rental income. The main floor is currently tenanted and offers a bright, spacious layout with a generous living room, an eat-in kitchen, three well-sized bedrooms, and a full bathroom perfect for comfortable everyday living. The lower level features a separate entrance to a fully self-contained unit, currently vacant and ready for your next tenant or personal use. This space includes a large eat-in kitchen, cozy living room, two bedrooms with oversized windows providing plenty of natural light, and a full bathroom. Additional highlights include a shared laundry and storage area, a durable metal roof, and a furnace and central air system updated in recent years for added peace of mind. Situated on a deep lot, the backyard offers exciting potential for future expansion, whether you're considering an addition or exploring development opportunities. Located in a fantastic area close to LHSC, downtown, shopping, dining, and with easy highway access, this is a rare opportunity to own a flexible, income-generating property in a highly convenient location.

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Property details

Interior

Interior
1100-1500 sqft
Rooms
5 rooms
Bathrooms
1 × 4-piece on Main, 1 × 4-piece on Basement
Basement
Separate Entrance, Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Age
51-99 years
Lot size
57 × 176.04 ft · < .50 acres
Exterior
Brick
Foundation
Concrete
Roof
Metal
Water & sewer
Sewer

Parking

Driveway
Available (5 spaces)
Parking
5 spaces

Fees & taxes

Property tax
$4,325/yr (2025)

Rooms

Main

Kitchen
3.61 × 3.99 m
Bedroom 2
3.25 × 3.28 m
Bedroom 3
3.25 × 3.17 m
Bedroom
3.48 × 3.68 m
Living Room
3.96 × 7.65 m

Lower

Laundry
2.29 × 4.24 m
Bedroom 4
2.95 × 3.25 m
Living Room
2.08 × 7.11 m
Kitchen
3.86 × 5.11 m
Bedroom 5
2.95 × 3.15 m

AI property estimate

$543,300Estimate is ~9.3% below asking

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

$488,970$597,630

73% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Glen Cairn

London South, ON

Established south-end neighbourhood with mature trees and a community-park-centred layout.

Monthly paymentest. $3,542/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,806
Property tax$361
Insurance (est.)$125
Utilities (est.)$250
Total monthly$3,542
Land transfer tax$8,455 on closing

Ontario LTT

$8,455

First-time rebate

$4,000

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

Price & listing history

$599,000

Listed May 5, 2026

On the market

Sold comparables nearby

119 ALEXANDRA Street, London SouthSold

119 ALEXANDRA Street, London South

2 bd·2 ba·700-1,100 sqft
122 Windsor Crescent, London SouthSold

122 Windsor Crescent, London South

4 bd·2 ba·1,100-1,500 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 95.2% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$447,167

Sale-to-list ratio

95.2%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $147,000 household income

Minimum household income required

$147,000

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$2,300/mo median for 3 bed nearby

$2,300/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 60 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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