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5 Cove Road

London South, N6J 1H7·MLS® X13487724·

Listing courtesy of Keller Williams Lifestyles·Updated 5 hours ago

For sale
1 / 47
4Beds
2Baths
1,500-2,000Sqft
100+Year Built

Listing price

$499,900

Est. $2,381/mo

Days on market

1

Listed Jun 25, 2026

Description

Welcome to The Coves, one of London's best kept secrets and a neighbourhood people truly fall in love with. Known for its environmentally significant green space, winding walking trails, and peaceful ponds, it offers a rare chance to be surrounded by nature while still being right in the city. It's the kind of place where you can head out for a walk and forget you're in London. This charming 2.5 storey red brick home offers plenty of space for a growing or busy family, with generous bedrooms, parking for three vehicles, and a low maintenance yard. Just a short walk to Wortley Village, you'll enjoy local shops, restaurants, and a vibrant community atmosphere right at your doorstep.The neighbourhood itself is something special, with a friendly, close-knit feel and even organized street gatherings that bring neighbours together. The basement features a separate entrance, kitchenette and 3-piece bath, making it an ideal retreat for a teenager or young adult looking for their own space while still being close to home. If you've been looking for character, space, and a location that offers both lifestyle and convenience, this is one you'll want to see.

Property details

Basement

Separate Entrance, Full, Finished

Parking

3 spaces

Type

Detached — 2 1/2 Storey

Heating

Forced Air

AI property estimate

$515,397Above Market
$485,403$545,391

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)$2,381
Property tax$542
Insurance (est.)$104
Utilities (est.)$250
Total monthly$3,276

Land transfer tax

Ontario LTT

$6,473

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 25, 2026Listed
$499,900

Sold comparables nearby

167 Paul Street, London NorthSold

$750,000

167 Paul Street, London North

3 bd·4 ba·1,500-2,000 sqft
72 Emery Street, London SouthSold

$565,000

72 Emery Street, 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

$2,000

Rental yield

4.8%

Est. cash flow

-$1,276

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

$122,867

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

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AI estimate

$515,397

Above Market

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