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$499,000

Estimated value $474K to $524K

Est. $2,338/mo mortgage

4bd·2ba·1,500-2,000sqft

5 Cove Road · London, N6J 1H7

MLS® X13736028

46 days on market46 days on market

Listed Sep 2, 2026

Listing courtesy of Keller Williams Lifestyles·Listing last changed Sep 26

Key facts

Property type
Detached
Square footage
1,500-2,000 sqft
Lot size
35.59 × 70.83 ft · < 0.50 acres
Age
100+ years
Parking
3 spaces
Property tax
$3,437/yr (2025)

Description

Welcome to The Coves, one of London's best-kept secrets, where nature, character and community come together. Surrounded by environmentally significant green space, peaceful ponds and winding walking trails, this unique neighbourhood offers a feeling of being tucked away from the city while keeping everything you need close at hand. It's a setting that makes it easy to forget you're still right in the city. With fall just around the corner, imagine relaxing on the front porch swing, included with the home, while enjoying the changing colours of the forest just across the way. Step off the porch and you are moments from beautiful walking paths where every season brings something new to enjoy. This charming 2.5 storey red brick home offers plenty of room for a growing or busy family, with generous bedrooms, parking for three vehicles and an easy-care yard. One of the home's unexpected bonuses is the fully finished attic, accessed by a full staircase and offering flexible additional living space. Create a cozy upper family room, a private parents' retreat, or even a spacious primary bedroom tucked away on its own level. The basement, with its separate entrance, kitchenette and 3-piece bath, provides a great space for a teenager or young adult wanting a little independence while still being close to home. Just a short walk away is Wortley Village, with its local shops, restaurants and welcoming community atmosphere. The Coves itself has a wonderful neighbourhood feel, including organized street gatherings that make it easy to get to know the people around you. If you have been looking for a home with character, space and a setting that feels a little different from anywhere else in the city, this one deserves another look. Come experience The Coves and see why people who discover this neighbourhood tend to fall in love with it.

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Property details

Interior

Size
1,500-2,000 sqft
Rooms
8 rooms
Bathrooms
1 × 4-piece on Second, 1 × 3-piece on Basement
Basement
Separate Entrance, Full, Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, 2 1/2 Storey
Age
100+ years
Lot size
35.59 × 70.83 ft · < 0.50 acres
Exterior
Brick
Foundation
Concrete Block
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Driveway
Private (3 spaces)
Parking
3 spaces

Fees & taxes

Property tax
$3,437/yr (2025)

Rooms

Main

Dining Room
3.55 × 3.25 m
Kitchen
3.35 × 2.74 m
Living Room
3.68 × 3.25 m

Second

Bedroom 2
3.3 × 3.17 m
Bedroom 3
3.5 × 3.25 m
Primary Bedroom
4.26 × 3.27 m

Third

Bedroom 4
6.57 × 4.26 m

Basement

Laundry
3.04 × 1.82 m
Family Room
3.65 × 3.14 m
Play
3.65 × 3.04 m
Recreation
3.88 × 3.14 m

Estimated value range

$474K to $524K

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
Old South →

London South, ON

Established neighbourhood with character homes and walkable local businesses south of downtown.

Schools nearbyclosest is Victoria Public School, 190 m

Elementary

  • Victoria Public School

    190 m · Grades JK-8

    Thames Valley District School Board

    3.3
  • St Martin Separate School

    860 m · Grades JK-8

    London District Catholic School Board

    7.5
  • Wortley Road Public School

    1.2 km · Grades JK-8

    Thames Valley District School Board

    6.8

Secondary

  • London South Collegiate Institute

    1.7 km · Grades 9-12

    Thames Valley District School Board

    4.2
  • Westminster Secondary School

    1.9 km · Grades 9-12

    Thames Valley District School Board

    2.7
  • London Central Secondary School

    2.4 km · Grades 9-12

    Thames Valley District School Board

    8.0

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. $2,978/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,338
Property tax$286
Insurance (est.)$104
Utilities (est.)$250
Total monthly$2,978
Land transfer tax$6,455 on closing

Ontario LTT

$6,455

First-time rebate

−$4,000

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

Price & listing history

$499,000

Listed Sep 2, 2026

On the market

Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.

Sold comparables nearby

14 Foster Avenue, London NorthSold

14 Foster Avenue, London North

3 bd·2 ba·1,500-2,000 sqft
149 Forest Hill Avenue, London SouthSold

149 Forest Hill Avenue, London South

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

6.5 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 97.4% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$533,083

Sale-to-list ratio

97.4%

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? Ask Colin →
Rental market$2,825/mo median for 4 bed nearby

$2,825/month is the median rent for 4-bedroom homes leased within 3km over the past 12 months, across 8 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

No obligation. Pick a time that suits you.

(226) 212-5099 · colin@searchlondonhomes.com

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