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59 Thorncrest Crescent #LOWER

London South, N6J 1K4·MLS® X13411358·

Listing courtesy of Gold Empire Realty INC.·Updated 10 hours ago

2Beds
1Baths
1,100-1,500Sqft
Year Built

Listing price

$1,895

Est. $9/mo

Days on market

4

Listed Jun 6, 2026

Description

AVAILABLE IMMEDIATELY! Welcome to this spacious 2-bedroom basement apartment located in the family-friendly Southcrest neighbourhood of South London. This unit features two generously sized bedrooms, a full kitchen, a large living area, one full bathroom, and separate in-suite laundry. One driveway parking space is included for your convenience. Situated close to parks, trails, shopping, schools, and other everyday amenities, this location offers both comfort and convenience. Appliances will be installed prior to occupancy. Tenant is responsible for 40% of utilities

Property details

Basement

Full, Finished

Parking

1 spaces

Type

Detached — Bungalow

Heating

Forced Air

AI property estimate

$1,924At Market
$1,810$2,038

82% confidence · 11 comparable sales analysed

Location & neighbourhood

Wortley Village

London South, ON

Artisan neighbourhood with boutique shops and cafes.

Monthly payment estimate

Mortgage (5.24%, 25yr)$9
Property tax$2
Insurance (est.)$0
Utilities (est.)$250
Total monthly$261

Land transfer tax

Ontario LTT

$9

First-time rebate

$9

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

Price & listing history

Jun 6, 2026Listed
$1,895

Sold comparables nearby

29 The Ridgeway, London SouthSold

$540,000

29 The Ridgeway, London South

2 bd·2 ba·1,100-1,500 sqft
519 Rosecliffe Terrace, London SouthSold

$843,000

519 Rosecliffe Terrace, London South

3 bd·3 ba·1,500-2,000 sqft

See all 10 comparables

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Market conditions · South D

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

$8

Rental yield

5.1%

Est. cash flow

-$253

Cap rate

3.8%

Best time to sell

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

Affordability

Minimum household income required

$9,790

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

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AI estimate

$1,924

At Market

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