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$499,900

Estimated value $475K to $525K

Est. $2,342/mo mortgage

2bd·2ba·700-1,100sqft

1121 Gatewood Road · London, N5Y 4Z3

MLS® X13656962

91 days on market91 days on market

Listed Aug 10, 2026

Listing courtesy of Thrive Realty Group INC.·Listing last changed Oct 29

Key facts

Property type
Detached
Square footage
700-1,100 sqft
Lot size
35 × 100 ft
Age
31-50 years
Parking
2 spaces
Property tax
$3,437/yr (2026)

Description

If you have been waiting for a home that offers the perfect location along with complete pride of ownership, your search ends here! This brick bungalow in a lovely neighborhood is just steps to Ed Blake Park, a short walk to Louise Arbour, Northbrae, and Monseigneur-Bruyere schools, Thames Valley Trails, many local amenities, and a short bus or drive will get you to Fanshawe, Western, SJHC and University Hospital. This extremely well-maintained home features a traditional living/dining room and a recently upgraded eat-in-kitchen with stunning white cabinetry, quartz countertops, beautiful subway tile backsplash, gas stove, stainless fridge and dishwasher. The large recroom has a roughed-in wet bar that could be set up, and the rest of the basement has very generous storage space including washing machine and gas dryer. The side entrance porch boards and backyard fence entrance are newer. Enjoy the private, fully fenced backyard, and the cute shed will be useful for many outdoor items. Basement, living room, bathroom, kitchen and bedroom windows have all been replaced. Other upgrades include, gas water tank (2020), custom California shutters (2019), luxury plank flooring throughout main floor (2019), R60 insulation in the attic (2019), furnace and a/c (2019), skylight in office was replaced with Solatube (2019),concrete drive (2017) and roof (2013). Excellent value here - simply move in and enjoy!

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Property details

Interior

Size
700-1,100 sqft
Rooms
12 rooms
Bathrooms
1 × 4-piece, 1 × 2-piece
Basement
Full, Partially Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Age
31-50 years
Lot size
35 × 100 ft
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Driveway
Private (2 spaces)
Parking
2 spaces

Fees & taxes

Property tax
$3,437/yr (2026)

Rooms

Main

Dining Room
2.83 × 2.72 m
Bedroom 2
3.04 × 3.98 m
Primary Bedroom
3.85 × 2.97 m
Kitchen
4.06 × 4.51 m
Office
2.83 × 2.66 m
Bathroom, 4 Pc Bath
3.04 × 1.5 m

Basement

Other
3.33 × 5.95 m

Estimated value range

$475K to $525K

An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.

Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.

Location & neighbourhood

Directions
Huron Heights →

London East, ON

Large northeast area with schools, parks, and diverse housing near Fanshawe College.

Schools nearbyclosest is École secondaire catholique Monseigneur-Bruyère, 160 m

Elementary

  • École élémentaire catholique Monseigneur-Bruyère

    180 m · Grades 7-8

  • École élémentaire Gabriel-Dumont

    200 m · Grades 7-8

  • Northbrae Public School

    480 m · Grades JK-8

    Thames Valley District School Board

    6.7

Secondary

  • École secondaire catholique Monseigneur-Bruyère

    160 m · Grades 9-12

    Conseil scolaire de district des écolesCatholique

    6.3
  • Montcalm Secondary School

    1.8 km · Grades 9-12

    Thames Valley District School Board

    2.8
  • Robarts Provincial School for the Deaf

    2.1 km · Grades 9-12

    Provincial

Distances are straight-line from this address. School boards set their own attendance areas and do not publish them, so a school listed here is not a guarantee of placement. Confirm with the board before you rely on it.

Monthly paymentest. $2,982/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,342
Property tax$286
Insurance (est.)$104
Utilities (est.)$250
Total monthly$2,982
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

$499,900

Listed Aug 10, 2026

On the market

Sold comparables nearby

223 Michaelmas Street, London EastSold

223 Michaelmas Street, London East

2 bd·2 ba·700-1,100 sqft
12 Clenray Place, London EastSold

12 Clenray Place, London East

3 bd·3 ba·1,500-2,000 sqft

See what these 6 homes sold for

Create a free account to see sold prices and comparable sales.

Market conditionsBuyer’s market in London

6.6 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 97.3% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$549,167

Sale-to-list ratio

97.3%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $122,000 household income

Minimum household income required

$122,000

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

Not sure about financing? Call Colin at (226) 212-5099 or text

Rental market$1,850/mo median for 2 bed nearby

$1,850/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 27 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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CA

Colin Abbot, Broker

Oak and Key Real Estate Brokerage Inc.

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Colin Abbot, Broker

Oak and Key Real Estate Brokerage Inc., Brokerage, 490 Melcrest Road, London, ON N6J 3T1, Phone: (226) 212-5099

Not intended to solicit clients already under contract.

Information herein is deemed reliable but not guaranteed. Listing data is provided by the London and St. Thomas Association of REALTORS® through the MLS® System and is updated multiple times daily. All measurements, square footage, taxes, and property details should be independently verified by buyers and their representatives.

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