$695,999 - 133 Fairlane Avenue, London South
Detached for Sale in London South
65 days on market- MLS Number
- X13000740
- Property Type
- Detached
- Status
- active
- Days on Site
- 65
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London South
- Listing Brokerage
- OAK AND KEY REAL ESTATE BROKERAGE, INC.
Location, location, location - and 133 Fairlane Avenue delivers. Situated on one of Byron's most family-friendly streets, this well-maintained 3+1 bedroom, 2+1 bathroom brick backsplit sits just steps from St. Theresa Catholic Elementary School and within the catchment for Byron Northview Public School. Walk your kids to class, grab a coffee on Byron's village strip, and be home before it gets cold. That's the lifestyle this street offers. Inside, the front entry opens to a spacious living room with an oversized bay window flooding the space with natural light. The living room flows through to a formal dining room featuring wainscoting and a chandelier - perfect for hosting. The galley kitchen offers stainless steel appliances, recessed pot lighting, updated countertops, and a convenient eat-in area. Three bedrooms on the upper level include a primary with its own two-piece ensuite for added privacy. The lower level is a true bonus - a large recreation room with a gas fireplace, crown moulding, wainscoting, and recessed lighting creates the ideal space for movie nights or a home office. A fourth bedroom and full bathroom complete this level, offering flexibility for guests or extended family. Step out back to a covered patio overlooking a generous, fully fenced yard - ready for your personal touch. Single-car attached garage with interior entry. Major updates include newer roof, furnace, and A/C. Byron's charming village strip with shops and restaurants is just around the corner, and Highway 402 access makes commuting effortless. Premium Byron location, meticulously maintained home - this is the one you've been waiting for.
Estimate your monthly payments for this property
Estimated Payment
$3,570.84/mo
Includes CMHC insurance ($19,418)
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.
133 Fairlane 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 $633/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 65 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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $2,900 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.