$499,900
Est. $2,342/mo mortgage
12 Orchard Street · London South, N6J 2R3
MLS® X13649504
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
Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.
77% confidence · 40 sold homes within 2 km, by price per sq ft
Location & neighbourhood
DirectionsLondon South, ON
Artisan neighbourhood with boutique shops and cafes.
Mountsfield Public School and London South Collegiate Institute serve the area, and Wortley Road Public School is also nearby. The neighbourhood's walkability means families can reach several elementary schools on foot, with London South CI offering a full secondary program just south of the village core.
Independent businesses define the Wortley Village shopping experience: Locomotive Espresso is a beloved local coffee shop, Westland Gallery showcases fine art, and A Village Tail serves the neighbourhood's pet owners. The Old South Village Pub anchors the social scene, while the Saturday Western Fair Farmers and Artisans Market draws shoppers from across the city.
Community life revolves around The Green, which hosts the annual Wortley Village Jazz & Blues Festival, Gathering on the Green, and other seasonal events. Residents can walk to the Thames River and connect to the city's extensive trail network, making an active, deeply connected neighbourhood life the daily norm here.
Monthly paymentest. $2,997/mo all in
Monthly payment estimate
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
Listed Aug 7, 2026
Listed Aug 7, 2026
Sold comparables nearby
Sold$299,000
248 Grey Street, London East
Sold$458,000
316 Ridgewood Crescent, London South
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 97.4% of asking.
Avg. sold price
$553,667
Sale-to-list ratio
97.4%
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$2,400/mo median for 3 bed nearby
$2,400/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 51 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
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