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For sale
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$499,900

Est. $2,342/mo mortgage

3bd·3ba·1,500-2,000sqft

12 Orchard Street · London South, N6J 2R3

MLS® X13649504

49 days on market49 days on market

Listed Aug 7, 2026

Listing courtesy of Royal Lepage Triland Premier Brokerage·Updated Aug 7

Description

Conveniently located just steps from Old South, this Licensed two-unit property offers an excellent opportunity for investors or owner-occupiers alike. The spacious main floor unit features two bedrooms, updated flooring throughout, a large kitchen, a generous 4-piece bathroom, and a bright living room with bay window. The dining room, which can also serve as a second bedroom, provides access to the large backyard and deck-perfect for relaxing or entertaining. The upper-level apartment offers one bedroom, a 4-piece bathroom, and an open-concept living area adjoining the kitchen. A separate entrance to the basement provides access to shared laundry facilities serving both units. Outside, enjoy a detached garage, ample parking, and a spacious yard rare for this sought-after neighbourhood. Located close to parks, schools, public transit, downtown, and all that Old South has to offer, this income property combines location, flexibility, and investment potential.

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Property details

Interior

Size
1500-2000 sqft
Rooms
8 rooms · 2 kitchens
Bathrooms
1 × 4-piece on Second, 1 × 4-piece on Upper, 1 × 2-piece on Lower
Basement
Partial Basement, Separate Entrance, Unfinished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, 1 1/2 Storey
Lot size
54 × 192 ft
Exterior
Stucco (Plaster)
Foundation
Unknown
Roof
Shingles
Water & sewer
Sewer

Parking

Garage
1 car Detached
Driveway
Private (4 spaces)
Parking
4 spaces

Fees & taxes

Property tax
$3,286/yr (2025)

AI property estimate

$671,062Estimate is ~34.2% above asking

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

$603,956$738,168

77% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Wortley Village

London South, ON

Artisan neighbourhood with boutique shops and cafes.

Monthly paymentest. $2,997/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,342
Property tax$301
Insurance (est.)$104
Utilities (est.)$250
Total monthly$2,997
Land transfer tax$6,473 on closing

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

Listed 2 times

$499,900

Listed Aug 7, 2026

On the market
$499,900

Listed Aug 7, 2026

On the market

Sold comparables nearby

232 Edward Street, London SouthSold

232 Edward Street, London South

2 bd·2 ba·700-1,100 sqft
248 Grey Street, London EastSold

248 Grey Street, London East

2 bd·1 ba·700-1,100 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in London South

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 97.3% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$523,833

Sale-to-list ratio

97.3%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $124,000 household income

Minimum household income required

$124,000

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$2,425/mo median for 3 bed nearby

$2,425/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 52 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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