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49 CARFRAE Street

London South, N6C 1G1·MLS® X13209370·

Listing courtesy of Keller Williams Lifestyles·Updated 4 days ago

For sale
1 / 48
3Beds
2Baths
1,100-1,500Sqft
Year Built

Listing price

$549,900

Est. $2,619/mo

Days on market

17

Listed May 28, 2026

Description

Experience the charm of Old South living. Perfectly positioned just steps from downtown and directly across from the Thames River and Thames Valley Parkway, this lovingly maintained home offers a lifestyle where scenic walks, cycling routes, local cafés, boutiques, and everyday conveniences are all within easy reach. Old South is celebrated for its mature tree-lined streets, historic architecture, strong sense of community, and the vibrant atmosphere of nearby Wortley Village - often regarded as the heart of the neighbourhood - with its unique shops, restaurants, parks, festivals, and year-round community events. Inside, classic character blends seamlessly with thoughtful updates, including hardwood flooring, natural wood trim, a formal living room with a fireplace, and an updated kitchen featuring granite countertops open to the dining area. The versatile layout includes a spacious primary bedroom, a main floor bedroom with a convenient 2-piece ensuite, an updated full bathroom on the second level, and a fully finished lower level with a second fireplace that expands the living space. Updated siding and second-floor windows add peace of mind, while the welcoming front verandah and private rear courtyard create ideal spaces for morning coffee, quiet evenings, or entertaining family and friends throughout the summer. A wonderful opportunity to enjoy the character, convenience, and community that make Old South such a special place to call home.

Property details

Garage

1 car Detached

Basement

Full, Partially Finished

Parking

4 spaces

Type

Detached — 1 1/2 Storey

Heating

Forced Air

AI property estimate

$566,947Above Market
$533,953$599,941

82% confidence · 8 comparable sales analysed

Location & neighbourhood

Old South

London South, ON

Established neighbourhood with character homes and walkable local businesses south of downtown.

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,619
Property tax$596
Insurance (est.)$115
Utilities (est.)$250
Total monthly$3,580

Land transfer tax

Ontario LTT

$7,473

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 28, 2026Listed
$549,900

Sold comparables nearby

238 Ridout Street, London SouthSold

$675,000

238 Ridout Street, London South

4 bd·2 ba·2,000-2,500 sqft
234 Edward Street, London SouthSold

$522,000

234 Edward Street, London South

2 bd·1 ba·700-1,100 sqft

See all 10 comparables

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Market conditions · South F

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

$2,200

Rental yield

4.8%

Est. cash flow

-$1,380

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

$134,241

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

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AI estimate

$566,947

Above Market

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