56 Forbes Street
London South, N6J 1L5·MLS® X13456236·
Listing courtesy of Keller Williams Lifestyles·Updated yesterday
Listing price
$489,900
Est. $2,333/mo
Days on market
Listed Jun 17, 2026
Description
Welcome to 56 Forbes Street! Located on a quiet dead-end street in the heart of London, this home is an excellent opportunity for first-time buyers and investors.This move-in ready and affordable home features 3 bedrooms, 1.5 bathrooms, a partially finished basement with a separate entrance, and a fully-fenced backyard. The main floor offers a functional kitchen with ample storage, a bright living and dining area with original hardwood floors, two generously sized bedrooms, and a 4-piece bathroom. Upstairs, you'll find a spacious third bedroom with a large dressing area with built in storage cabinets.The lower level is mostly finished and includes a large open family room for lots of extra living space, a powder room, and plenty of storage. Outside, the fully fenced backyard has a large patio area, a large garden shed, and convenient direct access to the basement. Located within close proximity to lots of amenities, bus routes, parks, and playgrounds. Recent Updates Include: Furnace (2023), Main Floor Bedroom Windows (2022).
Property details
Basement
Partially Finished, Walk-Up, Full
Parking
2 spaces
Type
Detached — 1 1/2 Storey
Heating
Forced Air
AI property estimate
82% confidence · 8 comparable sales analysed
Location & neighbourhood
Monthly payment estimate
Land transfer tax
Ontario LTT
$6,273
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$745,000
78 Dundee Place, London South
Sold$525,000
24 Lambeth Avenue, London South
See all 10 comparables
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Market conditions · South E
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
$1,960
Rental yield
4.8%
Est. cash flow
-$1,256
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$120,600
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$505,087
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