$649,000 - 1301 Wayne Road, London South
Detached for Sale in London South
113 days on market- MLS Number
- X12821692
- Property Type
- Detached
- Status
- active
- Days on Site
- 113
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London South
- Listing Brokerage
- EXP REALTY
Extensively renovated and maintained, this home features numerous updates throughout. A covered front porch with framed and shingled roof completed in 2020 leads through a newer front door installed in 2022 into a main level redesigned in 2019 to create an open concept layout and expand the front entry space. Engineered hardwood flooring was installed across the main floor in 2020, the majority of windows were replaced in 2018, and exterior doors were updated approximately four years ago. The kitchen was renovated in 2020 and includes new cabinetry, marble countertops, farm sink, pot filler, direct exterior exhaust vent, pantry shelving, and a dishwasher replaced in 2025.The rear sunroom was renovated in 2018 with improved insulation, drywall ceiling, pot lighting, engineered hardwood flooring, a Napoleon electric fireplace installed approximately seven years ago, and French doors leading to the 280 sq ft deck updated in 2023. Bedrooms are recently painted with engineered hardwood flooring and replacement windows. The main floor bathroom was renovated in 2023 with new tile flooring and walls, walk-in shower, updated fixtures, vanity and pot lighting, and an electric towel bar.The lower level includes stairs replaced by London Stair and Railing in 2022 with an additional stair added for improved stepping angle, a tiled landing with newer door leading to the 225 sq ft flagstone patio, furnace replaced in 2022, exercise room carpet updated in 2022, and basement family room and bathroom painted in 2026. Exterior updates include siding, soffit, fascia and eavestroughs in 2018, garage door with keypad entry and two openers installed in 2023, back fence posts replaced in 2024, east side fence with gates completed in 2023, and hot tub heater, pump and controls replaced approximately two years ago along with lid and lifter.
Estimate your monthly payments for this property
Estimated Payment
$3,329.71/mo
Includes CMHC insurance ($18,107)
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.
1301 Wayne Road, 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 $590/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 113 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.
Detached Home Advantages
Detached homes in London South are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,704 (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.