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40 David Street

London South, N6P 1B3·MLS® X13677750

Listing courtesy of Sutton Group - Select Realty·Updated 3 hours ago

Listing price

$599,900

Est. $2,857/mo

Days on market

1

Listed Aug 14, 2026

For sale
1 / 41
3bd·2ba·1,500-2,000sqft

Description

Welcome to 40 David Street, a spacious 3-bedroom bungalow on a large, mature lot in the heart of sought-after Lambeth. Offering approximately 1,550 sq. ft. on the main level, an attached garage and a finished lower level, this home delivers an impressive amount of living space in one of London's most desirable neighbourhoods.The bright and inviting main floor features a generous living room, formal dining area and an updated kitchen with granite countertops and plenty of cabinetry. Three large bedrooms and 1.5 bathrooms provide comfortable main-floor living, while the rear sunroom offers an additional living space complete with a gas fireplace and convenient access to the backyard.Downstairs, the finished lower level adds substantial living space with a large family/rec room, second gas fireplace, bar area and den. A sizeable unfinished workshop and storage area provides plenty of additional space for hobbies, projects or future possibilities.Outside, the large private lot offers room to entertain, garden or simply enjoy the mature surroundings, while the attached garage adds everyday convenience.Set on a quiet street in the heart of Lambeth, just minutes from parks, schools, shopping, restaurants and easy access to Highways 401 and 402. Whether you're a first-time buyer, growing family, downsizer or someone looking for a solid home to personalize over time, 40 David Street offers exceptional space, location and potential at $599,900.

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Property details

Garage
1 car Attached
Basement
Full, Finished
Parking
5 spaces
Type
Detached — Bungalow
Heating
Forced Air
Property tax
$3,923/yr (2025)

AI property estimate

$828,088~38.0% above asking

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

$720,437$935,739

79% confidence · 27 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Lambeth

London South, ON

Growing south-end community with new builds and green space.

Monthly paymentMortgage, tax and fees

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,857
Property tax$650
Insurance (est.)$125
Utilities (est.)$250
Total monthly$3,882
Land transfer taxOne-time, on closing

Ontario LTT

$8,473

First-time rebate

$4,000

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

Price & listing history

$599,900

Listed Aug 14, 2026

On the market

Sold comparables nearby

15 Southland Drive, London SouthSold

$717,500

15 Southland Drive, London South

3 bd·2 ba·1,100-1,500 sqft
Lot 23 Ayrshire Avenue, London SouthSold

$691,000

Lot 23 Ayrshire Avenue, London South

4 bd·3 ba·1,500-2,000 sqft

See what these 6 homes sold for

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Market conditionsLambeth · last 90 days
Buyer's marketBalancedSeller's market

Avg. sold price

$759,583

Sale-to-list ratio

99%

Based on 6 recent comparable sales near this home.

AffordabilityWhat income this home needs

Minimum household income required

$145,577

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$828,088

Above Market
CA

Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbott

Broker

519-859-4579 · colin@searchlondonhomes.com

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