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Homes for Sale in London, Ontario

56 Forbes Street

London South, N6J 1L5·MLS® X13541754·

Listing courtesy of Keller Williams Lifestyles·Updated 4 hours ago

For sale
1 / 47
3Beds
2Baths
1,100-1,500Sqft
100+Year Built

Listing price

$469,900

Est. $2,238/mo

Days on market

1

Listed Jul 9, 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

Full, Separate Entrance, Walk-Up

Parking

2 spaces

Type

Detached — 1 1/2 Storey

Heating

Forced Air

AI property estimate

$575,000Above Market
$443,857$706,333

81% confidence · 24 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Wortley Village

London South, ON

Artisan neighbourhood with boutique shops and cafes.

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,238
Property tax$509
Insurance (est.)$98
Utilities (est.)$250
Total monthly$3,095

Land transfer tax

Ontario LTT

$5,873

First-time rebate

$4,000

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

Price & listing history

Jul 9, 2026Listed
$469,900

Sold comparables nearby

204 Base Line Road, London SouthSold

$516,000

204 Base Line Road, London South

3 bd·1 ba·700-1,100 sqft
47 MacKay Avenue, London SouthSold

$415,000

47 MacKay Avenue, London South

4 bd·1 ba·700-1,100 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

$1,880

Rental yield

4.8%

Est. cash flow

-$1,215

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

$116,065

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

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AI estimate

$575,000

Above Market

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