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56 Forbes Street

London South, N6J 1L5·MLS® X13456236·

Listing courtesy of Keller Williams Lifestyles·Updated yesterday

For sale
1 / 39
3Beds
2Baths
1,100-1,500Sqft
100+Year Built

Listing price

$489,900

Est. $2,333/mo

Days on market

3

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

$505,087Above Market
$475,693$534,481

82% confidence · 8 comparable sales analysed

Location & neighbourhood

Wortley Village

London South, ON

Artisan neighbourhood with boutique shops and cafes.

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,333
Property tax$531
Insurance (est.)$102
Utilities (est.)$250
Total monthly$3,216

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

Jun 17, 2026Listed
$489,900

Sold comparables nearby

78 Dundee Place, London SouthSold

$745,000

78 Dundee Place, London South

2 bd·2 ba·700-1,100 sqft
24 Lambeth Avenue, London SouthSold

$525,000

24 Lambeth Avenue, London South

3 bd·2 ba·1,100-1,500 sqft

See all 10 comparables

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Market conditions · South E

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

$1,960

Rental yield

4.8%

Est. cash flow

-$1,256

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

$120,600

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

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AI estimate

$505,087

Above Market

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