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For sale
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$1,295

Est. $6/mo mortgage

1bd·1ba·< 700sqft

116 King Edward Avenue #7 · London South, N5Z 3T1

MLS® X13589396

64 days on market64 days on market

Listed Jul 21, 2026

Listing courtesy of Century 21 Heritage Group LTD.·Updated Jul 21

Description

Updated 1-bedroom, 1-bath unit in Chelsea Green offering great value and a clean, modern feel.Features include luxury vinyl plank flooring, a bright open living area, and a kitchen withquartz countertops and stainless steel appliances. Both bedrooms are well-sized, and therefreshed bathroom features a quartz vanity and tiled shower. Surrounded by ample green spaceand located minutes from Victoria Hospital, Western Fair District, downtown, and the 401. Amove-in-ready option in a super convenient location-book your showing today.

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Property details

Interior

Interior
< 700 sqft
Rooms
4 rooms
Bathrooms
1 × 4-piece on Main
Basement
None
Heating
Baseboard
Cooling
None

Building & lot

Type
Multiplex, 1 Storey/Apt
Lot size
123.7 × 267.06 ft
Exterior
Brick
Foundation
Poured Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Parking
1 spaces

Fees & taxes

Property tax
$32,425/yr (2026)

Location & neighbourhood

Directions
Pond Mills

London South, ON

South London neighbourhood featuring the protected Pond Mills Environmentally Significant Area.

Monthly paymentest. $257/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$6
Property tax$1
Insurance (est.)$0
Utilities (est.)$250
Total monthly$257
Land transfer tax$6 on closing

Ontario LTT

$6

First-time rebate

$6

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

Price & listing history

$1,295

Listed Jul 21, 2026

On the market

Sold comparables nearby

148 Adelaide Street, London EastSold

148 Adelaide Street, London East

2 bd·3 ba·1,500-2,000 sqft

See what these 1 homes sold for

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Affordabilityneeds $6,000 household income

Minimum household income required

$6,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin
Rental market$1,370/mo median for 1 bed nearby

$1,370/month is the median rent for 1-bedroom homes leased within 3km over the past 12 months, across 60 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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