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$549,900

Est. $2,576/mo mortgage

3bd·2ba·700-1,100sqft

199 Burlington Street · London South, N5Z 3V9

MLS® X13836098

2 days on market2 days on market

Listed Sep 28, 2026

Listing courtesy of Housesigma INC.·Updated 3 hours ago

Description

Welcome to this beautifully maintained 3-bedroom, 2-bathroom bungalow, ideally situated on a quiet, family-oriented street in London, Ontario. Demonstrating true pride of ownership, this home has been exceptionally well cared for inside and out, with more than $75,000 in thoughtful updates that offer comfort, style, and peace of mind for its next owner.The bright main level features new flooring and fresh paint throughout, a fully renovated kitchen with updated appliances - including a induction stove - and a beautifully renovated bathroom. Downstairs, the finished basement offers a separate entrance and excellent flexibility for extended family, rental income, or multi-generational living. The basement previously contained a full kitchen apartment; although the kitchen was removed by the current owner, the space could be easily converted back. This creates an exciting opportunity for a savvy house hacker looking to offset mortgage costs or an investor exploring two-unit potential.Major improvements by the Owner include: New Furnace (2020), Basement renovation (2022), Full kitchen renovation (2022), New kitchen appliances (2022), New Washer & Dryer (2022), Fully renovated bathroom (2022), Hot water on Demand (2022), New sump pump (2023), New Bay window (2024) New air conditioner (2025), New deck (2025), New Fence (2025), New flooring (2026), Main floor painted (2026), New Roof (2026) From its extensive mechanical and cosmetic upgrades to its inviting indoor and outdoor spaces, every detail reflects the owner's commitment to maintaining and improving this home. Move in with confidence and enjoy a turnkey property with outstanding versatility and income potential.

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Property details

Interior

Size
700-1100 sqft
Rooms
12 rooms
Bathrooms
1 × 4-piece on Main, 1 × 3-piece on Basement
Basement
Separate Entrance, Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Lot size
60 × 100.08 ft
Exterior
Aluminum Siding, Brick
Foundation
Concrete Block
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Parking
3 spaces

Fees & taxes

Property tax
$3,620/yr (2025)

Rooms

Main

Kitchen
2.92 × 3.51 m
Bedroom 3
3.54 × 2.82 m
Primary Bedroom
3.38 × 3.41 m
Bedroom 2
2.58 × 3.41 m
Living Room
6.31 × 4.01 m
Dining Room
3.23 × 2.51 m

Basement

Study
4.81 × 3.36 m
Recreation
6.31 × 3.36 m
Other
2.28 × 3.44 m
Common Room
7.42 × 3.36 m

AI property estimate

$386,449Estimate is ~29.7% below asking

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

$347,804$425,094

75% 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. $3,272/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,576
Property tax$331
Insurance (est.)$115
Utilities (est.)$250
Total monthly$3,272
Land transfer tax$7,473 on closing

Ontario LTT

$7,473

First-time rebate

−$4,000

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

Price & listing history

$549,900

Listed Sep 28, 2026

On the market

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

Sold comparables nearby

178 East Street, London EastSold

178 East Street, London East

2 bd·2 ba·1,100-1,500 sqft
119 ALEXANDRA Street, London SouthSold

119 ALEXANDRA Street, London South

2 bd·2 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

$398,317

Sale-to-list ratio

94.6%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $135,000 household income

Minimum household income required

$135,000

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.

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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 50 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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