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$599,900

Est. $2,810/mo mortgage

3bd·2ba·1,500-2,000sqft

40 David Street · London South, N6P 1B3

MLS® X13677750

47 days on market47 days on market

Listed Aug 14, 2026

Listing courtesy of Sutton Group - Select Realty·Updated Sep 15

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

Interior

Size
1500-2000 sqft
Rooms
7 rooms
Bathrooms
1 × 2-piece on Main, 1 × 4-piece on Main
Basement
Full, Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Lot size
60.9 × 135 ft
Exterior
Brick, Vinyl Siding
Foundation
Poured Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Garage
1 car Attached
Driveway
Private Double (4 spaces)
Parking
5 spaces

Fees & taxes

Property tax
$3,923/yr (2025)

Rooms

Main

Bedroom
3.21 × 3.98 m
Bedroom
2 × 3.99 m
Dining Room
3.26 × 3.06 m
Primary Bedroom, Walk-In Closet(s)
3 × 4.26 m
Family Room
3.86 × 4.1 m
Living Room, Fireplace
3.68 × 6.52 m
Kitchen
3.26 × 3.47 m

Lower

Den
3.31 × 4.21 m
Den
4.55 × 2.53 m
Recreation
7.91 × 5.34 m

AI property estimate

$800,349Estimate is ~33.4% above asking

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

$720,314$880,384

79% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Lambeth →

London South, ON

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

Monthly paymentest. $3,547/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,810
Property tax$361
Insurance (est.)$125
Utilities (est.)$250
Total monthly$3,547
Land transfer tax$8,473 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

6327 Royal Magnolia Avenue, London SouthSold

6327 Royal Magnolia Avenue, London South

4 bd·4 ba·2,000-2,500 sqft
4079 Fallingbrook Road, London SouthSold

4079 Fallingbrook Road, London South

4 bd·4 ba·2,500-3,000 sqft

See what these 6 homes sold for

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Market conditionsBalanced market in Lambeth

Homes here are selling close to asking. Based on 6 sales in the last 90 days, at an average of 98.4% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$815,103

Sale-to-list ratio

98.4%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $147,000 household income

Minimum household income required

$147,000

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$2,800/mo median for 3 bed nearby

$2,800/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 17 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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