5051 Wellington Road
London South, N6E 3X9·MLS® X13197806·
Listing courtesy of Exp Realty·Updated 4 days ago
Listing price
$499,900
Est. $2,381/mo
Days on market
Listed May 27, 2026
Description
This charming 2-bedroom, 1-bath bungalow offers a beautifully updated living space on just under half an acre, ideally set between London and St. Thomas with quick access to the highway for added convenience. Originally redesigned in 2004 by Barry Wade Design Build-including updated windows, insulation, and electrical-the home has continued to receive thoughtful upgrades from 2020-2025, making it truly move-in ready.Step inside to an open layout that's perfect for everyday comfort and effortless entertaining. The kitchen was renovated in 2023 and is complemented by newer stainless steel appliances (2024). Additional recent updates include a new 50 year shingle roof (2023), modern flooring (2021-2022), a fully renovated bathroom (2023), upgraded lighting and pot lights (2021-2025), and new furnace and A/C (2021/2022). The well system received a major overhaul in 2021, complete with pump, tank, water softener, iron filter, UV light, and filtration. Fresh paint throughout (2018-2025) adds a clean, modern touch. Approx. $60,000-$70,000 in upgrades allow you to simply move in and enjoy. Outside, the fully fenced yard provides both comfort and recreational space, featuring a dedicated dog run with turf, pea gravel, and deck with gas hookup (2023), stamped concrete patio, fire pit area, a shed, and a detached garage with hydro-perfect for hobbies, storage, or a workshop.
Property details
Basement
Unfinished
Parking
6 spaces
Type
Detached — Bungalow
Heating
Forced Air
AI property estimate
82% confidence · 8 comparable sales analysed
Monthly payment estimate
Land transfer tax
Ontario LTT
$6,473
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Sold comparables nearby
Sold$614,000
3109 Shaver Street, London
Sold$1,175,000
2578 Jenedere Court, London
See all 8 comparables
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Market conditions · South HH
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
$2,000
Rental yield
4.8%
Est. cash flow
-$1,276
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$122,867
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$515,397
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