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232 Terrence Avenue

Thames Centre, N0L 1G3·MLS® X13249562·

Listing courtesy of Blue Forest Realty INC.·Updated 3 days ago

3Beds
2Baths
700-1,100Sqft
Year Built

Listing price

$649,900

Est. $3,095/mo

Days on market

5

Listed Jun 5, 2026

Description

One floor home, set on a 100 X 150 corner lot in a sought after and quiet neighborhood, set along the banks of the Thames River. This is a corner lot and the street is lined with mature trees. Nice deep driveway and access to the yard from both streets. A large portion of the lot is fenced to keep the kids and pets safe and there is a detached 2 car garage with heat and hydro. Imagine yourself sitting on the front porch, watching the world go by. Step inside to the family room that overflows into the dining area, next to the kitchen. Down the hall is the main bathroom (4 piece) and three bedrooms. The lower level is fully finished and offers a separate entrance. There you will find a spacious recroom, with a gas fireplace, a second bathroom, a den/office/additional bedroom plus laundry and utility room, with storage space. This home has been well maintained with updates that include., 100 amp breakers, furnace and ac (2016), vinyl windows, owned HWT. The garage is approximately 20 years old and has a gas furnace, is insulted and offers electricity. Just a short walk to schools, the Thames River, park and arena complex.

Property details

Garage

2 car Detached

Basement

Full

Parking

10 spaces

Type

Detached — Bungalow

Heating

Forced Air

AI property estimate

$670,047Above Market
$631,053$709,041

82% confidence · 8 comparable sales analysed

Location & neighbourhood

Dorchester

Thames Centre, ON

Monthly payment estimate

Mortgage (5.24%, 25yr)$3,095
Property tax$704
Insurance (est.)$135
Utilities (est.)$250
Total monthly$4,184

Land transfer tax

Ontario LTT

$9,473

First-time rebate

$4,000

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

Price & listing history

Jun 5, 2026Listed
$649,900

Sold comparables nearby

4052 Hamilton Road, Thames CentreSold

$549,000

4052 Hamilton Road, Thames Centre

2 bd·1 ba·700-1,100 sqft
231 Thames Crescent, Thames CentreSold

$760,000

231 Thames Crescent, Thames Centre

3 bd·2 ba·1,100-1,500 sqft

See all 10 comparables

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Market conditions · Dorchester

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

$2,600

Rental yield

4.8%

Est. cash flow

-$1,584

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

$156,914

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

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AI estimate

$670,047

Above Market

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