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For sale
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$569,900

Estimated value $571K–$598K

Est. $2,670/mo mortgage

3bd·2ba·1,500-2,000sqft

40 DAVID Street · London, N6P 1B3

MLS® X14028196

1 day on marketListed yesterday

Listed Oct 13, 2026

Listing courtesy of Sutton Group - Select Realty·Listing last changed 4 hours ago

Key facts

Property type
Detached
Square footage
1500-2000 sqft
Lot size
60.9 × 134.85 ft
Age
51-99 years
Parking
5 spaces
Property tax
$3,923/yr (2025)

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
Age
51-99 years
Lot size
60.9 × 134.85 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

Family Room
4.1 × 3.86 m
Bedroom
3.98 × 3.21 m
Primary Bedroom
4.26 × 3 m
Kitchen
3.47 × 3.26 m
Bedroom
3.99 × 2 m
Dining Room
3.26 × 3.06 m
Living Room
6.52 × 3.6 m

Lower

Den
4.21 × 3.31 m
Recreation
7.91 × 3.54 m
Den
4.55 × 2.53 m

Estimated value range

$571K–$598K

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
Lambeth →

London South, ON

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

Schools nearbyclosest is Lambeth Public School, 590 m

Elementary

  • Lambeth Public School

    590 m · Grades JK-8

    Thames Valley District School Board

    8.6
  • White Pine Public School

    2.5 km · Grades K-8

  • École élémentaire La Pommeraie

    2.8 km · Grades JK-6

    Conseil scolaire Viamonde

    7.8

Secondary

None within 3 km.

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. $3,366/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,670
Property tax$327
Insurance (est.)$119
Utilities (est.)$250
Total monthly$3,366
Land transfer tax$7,873 on closing

Ontario LTT

$7,873

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 · asking price down 5% from the first ask

$569,900↓ 5%

Listed Oct 13, 2026

On the market
$599,900

Listed Aug 14, 2026

On the market

Sold comparables nearby

6777 Heathwoods Avenue, London SouthSold

6777 Heathwoods Avenue, London South

4 bd·3 ba·2,000-2,500 sqft
4614 Colonel Talbot Road, London SouthSold

4614 Colonel Talbot Road, London South

4 bd·2 ba·2,000-2,500 sqft

See what these 6 homes sold for

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Market conditionsLambeth · last 90 days
Buyer's marketBalancedSeller's market

Avg. sold price

$872,687

Sale-to-list ratio

98%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $140,000 household income

Minimum household income required

$140,000

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$2,600/mo median for 3 bed nearby

$2,600/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 23 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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Colin Abbot

Broker

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226-212-5099 · colin@searchlondonhomes.com

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