116 Chesterfield Avenue
London South, N5Z 3N2·MLS® X13658268
Listing courtesy of New Era Real Estate·Updated 3 hours ago
Listing price
$249,000
Est. $1,186/mo
Days on market
Listed Aug 10, 2026
Description
ATTENTION CONTRACTORS AND INVESTORS! This property presents exceptional investment potential with multiple revenue opportunities. 16 Chesterfield is a well-designed, spacious home featuring a recently updated metal roof, an impressive detached garage offering ample storage and workspace, and a fully developed basement suite with separate kitchen, living areas, multiple bedrooms, and dining space - perfect for tenant rental or Airbnb opportunity. The main floor includes 2 bedrooms, 2 full baths, and open-concept living, while the versatile basement adds 2 additional bedrooms and dining space, creating flexibility for multi-generational living, professional use, or short/long-term rentals. An ideal value-add opportunity for investors, contractors, developers, and families seeking income-producing or multi-unit flexible properties. book your showing today!
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Property details
- Garage
- 2 car Detached
- Basement
- Finished, Separate Entrance
- Parking
- 5 spaces
- Type
- Detached — Bungalow
- Heating
- Forced Air
- Property tax
- $3,051/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.
75% confidence · 28 sold homes within 2 km, by price per sq ft
Location & neighbourhood
London South, ON
South London neighbourhood featuring the protected Pond Mills Environmentally Significant Area.
Monthly paymentMortgage, tax and fees
Monthly payment estimate
Land transfer taxOne-time, on closing
Ontario LTT
$2,215
First-time rebate
−$2,215
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed 2 times
Listed Aug 10, 2026
Listed Aug 10, 2026
Sold comparables nearby
Sold$565,000
95 Gerald Crescent, London South
Sold$265,000
110 St Julien Street, London East
See what these 6 homes sold for
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Market conditionsHighland · last 90 days
Avg. sold price
$403,500
Sale-to-list ratio
94.3%
Based on 6 recent comparable sales near this home.
AffordabilityWhat income this home needs
Minimum household income required
$65,913
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Not sure about financing? Ask Colin →Similar Listings
AI estimate
$390,000
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbott
Broker
519-859-4579 · colin@searchlondonhomes.com
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