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85 Josephine Street

London South, N5Z 3P4·MLS® X13462370·

Listing courtesy of Century 21 First Canadian Corp·Updated 17 hours ago

For sale
1 / 21
2Beds
1Baths
700-1,100Sqft
51-99Year Built

Listing price

$350,000

Est. $1,667/mo

Days on market

2

Listed Jun 18, 2026

Description

Welcome to this well-located 2+1 bedroom home situated along a prime transit corridor in South London. Just a short walk to Victoria Hospital and offering direct transit access to downtown London, Fanshawe College, Western University, LHSC hospitals, shopping, and major employment centers, this location delivers exceptional convenience for homeowners and investors alike. This home offers a functional layout and presents an excellent opportunity to add value and make it your own. Featuring two bedrooms on the main level, an additional bedroom below, one full bathroom, and a spacious yard, the property provides plenty of potential for first-time buyers, downsizers, or savvy investors seeking a strong addition to their portfolio. With a breaker electrical panel and select vinyl windows having been updated already, this allows the next owner to focus on cosmetic improvements and personalization. Outside, enjoy a generous backyard and parking for up to three vehicles. Offering great bones, outstanding accessibility, and incredible potential, this property represents an excellent opportunity to enter the market, build equity, or expand your investment portfolio. Don't miss your chance to unlock the full potential of this conveniently located South London home.

Property details

Basement

Full, Partially Finished

Parking

3 spaces

Type

Detached — Bungalow

Heating

Forced Air

AI property estimate

$332,500Below Market
$311,500$353,500

82% confidence · 4 comparable sales analysed

Location & neighbourhood

Glen Cairn

London South, ON

Established south-end neighbourhood with mature trees and a community-park-centred layout.

Monthly payment estimate

Mortgage (5.24%, 25yr)$1,667
Property tax$379
Insurance (est.)$73
Utilities (est.)$250
Total monthly$2,369

Land transfer tax

Ontario LTT

$3,725

First-time rebate

$3,725

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

Price & listing history

Jun 18, 2026Listed
$350,000

Sold comparables nearby

306 Burlington Crescent, London SouthSold

$609,000

306 Burlington Crescent, London South

3 bd·2 ba·700-1,100 sqft
9 CHRISTOPHER Court, London SouthSold

$665,000

9 CHRISTOPHER Court, London South

3 bd·3 ba·1,500-2,000 sqft

See all 10 comparables

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Market conditions · South I

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

$1,400

Rental yield

4.8%

Est. cash flow

-$969

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

$88,842

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

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AI estimate

$332,500

Below Market

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