$869,900 - 117 Elmwood Avenue, London South
Multi-Family for Sale in London South
50 days on market- MLS Number
- X13064696
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 50
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London South
- Listing Brokerage
- KELLER WILLIAMS LIFESTYLES
Wortley Village Duplex! Don't miss this fantastic opportunity to live in one unit and rent the other. This purpose built duplex has been well maintained and cared for by the same owner for over 20 years. Featuring two spacious units. One 2-bedroom, 1-bathroom unit and the other is a 2-bedroom + den, 1 bathroom unit. With generously sized bright rooms and updated kitchens and bathrooms, this property shows beautifully! Each unit has its own washer and dryer, with shared access to laundry and storage areas. Outdoors is just as appealing, offering private outdoor spaces including decks and covered or enclosed porches, a fully fenced landscaped yard, private double driveway with an attached double garage plus additional parking. Two updated electrical panels (copper wiring), 2 furnaces & AC units, 2 water heaters. Located just steps to Wortley Village shops, restaurants, parks, and amenities. This is a strong addition to any portfolio or a flexible option for those looking to offset their living expenses. The upper unit is currently vacant. The lower unit is occuplied by a wonderful, mature tenant paying $1,740 plus utilites. A rare opportunity in a prime location. Act fast!
Estimate your monthly payments for this property
Estimated Payment
$4,463.04/mo
Includes CMHC insurance ($24,270)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover London South
London South is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in London South
- •Convenient location in London South
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
London South offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
117 Elmwood Avenue, London South
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $435/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 50 days on site, this property has exceeded the typical selling timeline for London South. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London South. Good resale value as demand remains consistent.
Investment Perspective
Looking at this as an investment: London South properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,625 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.