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$495,000

Estimated value $470K–$497K

Est. $2,319/mo mortgage

2+1bd·2ba·700-1,100sqft

56 Thomas Janes Drive · London South, N6C 2G9

MLS® X13850806

2 days on market2 days on market

Listed Sep 30, 2026

Listing courtesy of Cushman & Wakefield Southwestern Ontario·Updated 1 hour ago

Description

Welcome to this charming well-maintained home, situated on one of the Old South's most desirable, tree-lined streets within walking distance to Victoria Hospital. It offers convenient main-floor living with versatile additional space below, combining functionality with charm. The bright and inviting main level features two spacious bedrooms, a full bathroom, A bright, large kitchen with extensive white cabinetry, including upper glass-front displays. Substantial counter space, Stainless steel appliances, full-size range with modern hood fan, built-in microwave, and a dedicated beverage fridge. Expand your living options downstairs with large living space ideal for guests, teenager's, in-laws, or even potential rental income. Large fenced backyard with stamped concrete patio for entertaining. Don't miss this unique opportunity to get into this charming bungalow in an unbeatable location in Old South, within walking distance to shopping, public transit, and Victoria Hospital. Book your showing today!!

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Property details

Interior

Size
700-1100 sqft
Bedrooms
2 above grade, 1 lower level
Rooms
7 rooms
Bathrooms
1 × 4-piece on Main, 1 × 3-piece on Basement
Basement
Full
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Age
51-99 years
Lot size
35.09 × 114.93 ft · < .50 acres
Exterior
Vinyl Siding
Foundation
Concrete Block
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Driveway
Private (4 spaces)
Parking
4 spaces

Fees & taxes

Property tax
$3,252/yr (2025)

Estimated value range

$470K–$497K

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.

Monthly paymentest. $2,970/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,319
Property tax$298
Insurance (est.)$103
Utilities (est.)$250
Total monthly$2,970
Land transfer tax$6,375 on closing

Ontario LTT

$6,375

First-time rebate

−$4,000

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

Price & listing history

$495,000

Listed Sep 30, 2026

On the market

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

Sold comparables nearby

250 Cathcart Street, London SouthSold

250 Cathcart Street, London South

3 bd·3 ba·1,100-1,500 sqft
232 Edward Street, London SouthSold

232 Edward 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 Old South

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 97.6% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$463,500

Sale-to-list ratio

97.6%

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 and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin →
Rental market$1,785/mo median for 2 bed nearby

$1,785/month is the median rent for 2-bedroom homes leased within 3km over the past 12 months, across 76 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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