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101 Adelaide Street

London South, N5Z 3K6·MLS® X13157242·

Listing courtesy of Real Broker Ontario LTD·Updated 3 days ago

For sale
1 / 10
0Beds
0Baths
700-1,100Sqft
Year Built

Listing price

$235,000

Est. $1,119/mo

Days on market

24

Listed May 21, 2026

Description

Positioned along a prime transit corridor in South London, this 40' x 115' R3-1 zoned property offers future potential for investors, builders, and redevelopment-focused buyers. The property currently features a circa 1941 all-brick bungalow and is ideally located within walking distance to Victoria Hospital with direct transit access to downtown London, Fanshawe College, Western University, LHSC hospitals, shopping, and major employment hubs across the city. Surrounded by established neighbourhoods and ongoing intensification, this presents opportunity for future residential redevelopment, multi-unit conversion potential, or long-term investment value subject to municipal approvals and buyer due diligence. The property is being sold in as-is, where-is condition with no representations or warranties. Buyers are encouraged to complete their own inspections and due diligence regarding the property and future intended use. Rare opportunity to secure a centrally located infill lot along one of London's key transit routes with flexible zoning in a growing urban corridor. *Note: No interior viewings permitted. Viewings remain by appointment only.*

Property details

Basement

Other

Parking

3 spaces

Type

Detached — Bungalow

Heating

Other

AI property estimate

$235,000At Market
$220,900$249,100

82% confidence · 4 comparable sales analysed

Location & neighbourhood

Glen Cairn

London South, ON

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

Monthly payment estimate

Mortgage (5.24%, 25yr)$1,119
Property tax$255
Insurance (est.)$49
Utilities (est.)$250
Total monthly$1,673

Land transfer tax

Ontario LTT

$2,075

First-time rebate

$2,075

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

Price & listing history

May 21, 2026Listed
$235,000

Sold comparables nearby

32 Tennyson Street, London EastSold

$350,000

32 Tennyson Street, London East

1 bd·1 ba·700-1,100 sqft
518 Grey Street, London EastSold

$360,000

518 Grey Street, London East

1 bd·1 ba·1,100-1,500 sqft

See all 10 comparables

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Market conditions · South I

Buyer's marketBalancedSeller's market

Avg. sold price

$682,400

+5.2%

Avg. days on market

18

−3d

Sale-to-list ratio

101.2%

+0.8%

Investment analysis

Est. monthly rent

$940

Rental yield

4.8%

Est. cash flow

-$733

Cap rate

3.2%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$62,731

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$235,000

At Market

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