85 Josephine Street
London South, N5Z 3P4·MLS® X13462370·
Listing courtesy of Century 21 First Canadian Corp·Updated 17 hours ago
Listing price
$350,000
Est. $1,667/mo
Days on market
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
82% confidence · 4 comparable sales analysed
Location & neighbourhood
London South, ON
Established south-end neighbourhood with mature trees and a community-park-centred layout.
Monthly payment estimate
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
Sold comparables nearby
Sold$609,000
306 Burlington Crescent, London South
Sold$665,000
9 CHRISTOPHER Court, London South
See all 10 comparables
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Market conditions · South I
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
Affordability
Minimum household income required
$88,842
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$332,500
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