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5051 Wellington Road

London South, N6E 3X9·MLS® X13197806·

Listing courtesy of Exp Realty·Updated 4 days ago

For sale
1 / 31
2Beds
1Baths
700-1,100Sqft
51-99Year Built

Listing price

$499,900

Est. $2,381/mo

Days on market

18

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

$515,397Above Market
$485,403$545,391

82% confidence · 8 comparable sales analysed

Location & neighbourhood

South HH

London South, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,381
Property tax$542
Insurance (est.)$104
Utilities (est.)$250
Total monthly$3,276

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

May 27, 2026Listed
$499,900

Sold comparables nearby

3109 Shaver Street, LondonSold

$614,000

3109 Shaver Street, London

3 bd·2 ba·1,100-1,500 sqft
2578 Jenedere Court, LondonSold

$1,175,000

2578 Jenedere Court, London

3 bd·4 ba·3,000-3,500 sqft

See all 8 comparables

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Market conditions · South HH

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

$2,000

Rental yield

4.8%

Est. cash flow

-$1,276

Cap rate

3.3%

Best time to sell

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

Affordability

Minimum household income required

$122,867

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

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AI estimate

$515,397

Above Market

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