5 Cove Road
London South, N6J 1H7·MLS® X13487724·
Listing courtesy of Keller Williams Lifestyles·Updated 5 hours ago
Listing price
$499,900
Est. $2,381/mo
Days on market
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
82% confidence · 8 comparable sales analysed
Location & neighbourhood
Monthly payment estimate
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
Sold comparables nearby
Sold$750,000
167 Paul Street, London North
Sold$565,000
72 Emery Street, 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
$2,000
Rental yield
4.8%
Est. cash flow
-$1,276
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$122,867
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$515,397
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