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$649,900

Est. $3,045/mo mortgage

2bd·4ba·1,400-1,599sqft

2 Cadeau Terrace #40 · London South, N6K 4G4

MLS® X13632718

50 days on market50 days on market

Listed Aug 4, 2026

Listing courtesy of Royal Lepage Triland Realty·Updated 2 days ago

Description

THIS IS THE ONE YOU HAVE BEEN WAITING FOR. BACKING ONTO A WOODED RAVINE, THIS CONDO IS A PERFECT ONE FLOOR BUNGALOW IN A PRIME FRIENDLY COMPLEX JUST A SHORT DISTANCE FROM THE HEART OF BYRON. THE EXTERIOR DRAWS YOU IN WITH AN INVITING WALLED FRONT TERRACE ANDTHE BACK IS ALL IN WITH A TRANQUIL SETTING SURROUNDED BY NATURE AND MATURE TREES VISABLE FROM YOUR KITCHEN EATING AREA AND LIVING ROOM. A SPACIOUS TILED FOYER IS ILLUMINATED BY A BRIGHT SKYLIGHT AND BOASTS A 2 PC POWDER ROOM AND MAIN FLOOR LAUNDRY. THE LIVING ROOM IS COZY WITH A GAS FIREPLACE, BRAZILIAN WALNUT HARDWOOD FLOOR, CALIFORNIA SHUTTERS AND CROWN MOULDINGS. THE MODERN EAT IN KITCHEN STANDS OUT WITH CUSTOM BUILT-INS IN THE EATING AREA, GRANITE COUNTER TOPS AND LOTS OF COUNTER SPACE. BOTH MAIN FLOOR BEDROOMS HAVE DEDICATED EN-SUITE BATHROOMS. THE PRIMARY BEDROOM HAS A WALK-IN CLOSET AND THE SECOND BEDROOM HAS BAMBOO FLOORING - BOTH BEDROOMS HAVE CALIFORNIA SHUTTERS. THE FULLY FINISHED LOWER LEVEL FEATURES A FAMILY ROOM, HOBBY ROOM, WET BAR AND BEDROOM WITH EN-SUITE BATHROOM. THIS SPACIOUS BUNGALOW IS STEPS FROM SPRINGBANK PARK AND WARBLER WOODS HIKING TRAILS AND OUTDOOR RECREATION IS DIRECTLY AT YOUR DOOR STEP. EASY ACCESS TO BOTH HIGHWAY 401 AND 402 MAKES THIS FOR EFFORTLESS COMMUTING. SEE THIS ONE TODAY.

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Property details

Interior

Interior
1400-1599 sqft
Rooms
5 rooms
Bathrooms
1 × 2-piece on Main, 1 × 3-piece on Main, 1 × 4-piece on Main, 1 × 3-piece on Basement
Basement
Finished
Heating
Forced Air
Cooling
Central Air
Laundry
N

Building & lot

Type
Condo Townhouse, Bungalow
Age
31-50 years
Exterior
Brick
Foundation
Concrete
Storeys
1
Exposure
West

Parking

Garage
2 car Attached
Parking
4 spaces
Locker
None

Fees & taxes

Condo fee
$472/mo
Fee includes
parking
Pets
Yes-with Restrictions
Property tax
$4,744/yr (2025)
Corporation
MCP 125
Managed by
Arnsby Property Management

Rooms

Main

Bedroom
4.03 × 3.66 m
Kitchen
3.55 × 2.72 m
Living Room
4.13 × 6.33 m
Laundry
2.13 × 2.52 m
Primary Bedroom
4.05 × 4.3 m
Dining Room
3.55 × 3.18 m

Basement

Other
3.85 × 1.47 m
Family Room, Wet Bar
7.77 × 6.55 m
Workshop
2.78 × 3.48 m
Bedroom
3.26 × 3.42 m
Other
2.77 × 3.4 m
Utility Room
2.51 × 3.92 m

AI property estimate

$542,963Estimate is ~16.5% below asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$488,667$597,259

82% confidence · 36 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Byron

London South, ON

Family-friendly neighbourhood with trails and parks along the Thames River.

Monthly paymentest. $4,293/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$3,045
Property tax$392
Insurance (est.)$135
Utilities (est.)$250
Condo fee$472
Total monthly$4,293
Land transfer tax$9,473 on closing

Ontario LTT

$9,473

First-time rebate

$4,000

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

Price & listing history

$649,900

Listed Aug 4, 2026

On the market

Sold comparables nearby

11 - 5 Cadeau Terrace, London SouthSold

11 - 5 Cadeau Terrace, London South

2 bd·3 ba·1,600-1,799 sqft
25 - 5 Cadeau Terrace, London SouthSold

25 - 5 Cadeau Terrace, London South

2 bd·2 ba·1,400-1,599 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in Byron

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 96.8% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$508,750

Sale-to-list ratio

96.8%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $159,000 household income

Minimum household income required

$159,000

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

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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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