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$499,900

Est. $2,342/mo mortgage

3bd·2ba·700-1,100sqft

407 Vermont Avenue · London South, N5Z 3E4

MLS® X13823898

1 day on marketListed yesterday

Listed Sep 24, 2026

Listing courtesy of Blue Forest Realty INC.·Updated 6 hours ago

Description

On a quiet residential street in the Glen Cairn neighbourhood, sits this beautifully maintained all-brick bungalow. A long private driveway offers parking for three vehicles with an additional space in the detahhed garage. The main floor has hardwood flooring and large picturesque windows throughout, letting in tons of natural light. The kitchen can be accessed by the side door, so you can easily bring your groceries in from your car. Some major improvements have been done! Including: electrical wiring & 200 Amp service, and on-demand water heater and furnace (2025). Located close to schools, parks and public transit, this home is built solid and ready for your finishing touch. Sold as is with no representations or warranties.

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Property details

Interior

Size
700-1100 sqft
Rooms
5 rooms
Bathrooms
1 × 4-piece on Main, 1 × 2-piece on Basement
Basement
Full, Partially Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Age
51-99 years
Lot size
50.13 × 119.77 ft · < .50 acres
Exterior
Brick, Aluminum Siding
Foundation
Poured Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Garage
1 car Detached
Driveway
Private (3 spaces)
Parking
4 spaces

Fees & taxes

Property tax
$3,973/yr (2025)

Rooms

Main

Bedroom 3
3.17 × 2.41 m
Bedroom 2
4.09 × 2.44 m
Primary Bedroom
3.48 × 3 m
Living Room
6.02 × 4.37 m
Kitchen
3.53 × 3.48 m

Basement

Utility Room
6.25 × 5.18 m
Recreation
6.71 × 6.05 m

AI property estimate

$411,264Estimate is ~17.7% below asking

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

$370,138$452,390

74% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Pond Mills →

London South, ON

South London neighbourhood featuring the protected Pond Mills Environmentally Significant Area.

Monthly paymentest. $2,997/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,342
Property tax$301
Insurance (est.)$104
Utilities (est.)$250
Total monthly$2,997
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

Listed 2 times over 1 month · asking price down 9% from the first ask

$499,900↓ 9%

Listed Sep 24, 2026

On the market
$549,900

Listed Jan 24, 2023 · 21 days on market

Sold

Feb 14, 2023

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

21 days on the market in total across 2 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

Sold comparables nearby

119 ALEXANDRA Street, London SouthSold

119 ALEXANDRA Street, London South

2 bd·2 ba·700-1,100 sqft
85 Josephine Street, London SouthSold

85 Josephine Street, London South

2 bd·1 ba·700-1,100 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in London South

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 94.6% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$402,317

Sale-to-list ratio

94.6%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $124,000 household income

Minimum household income required

$124,000

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$2,275/mo median for 3 bed nearby

$2,275/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 52 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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