149 Forest Hill Avenue, London South

Price: $367,500

3 bedrooms, 3 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: X13468016

A great opportunity for a unique property on a large quiet lot. Property is being sold AS-IS with no warranties or representations. Main floor of the home has a 2 bedroom 1 bathroom layout, with the second level having a 1 bedroom 1 bathroom accessible via staircase at the rear of the home. A perfect getaway awaits in the backyard. A special cottage that has a 1 bedroom 1 bathroom getaway inside. Perfect for feeling like you're away on vacation while at home. The property also features a large shed, and a detached oversize 2 car garage. This property has been damaged due to a fire and City of London has issues an "Order to Make Safe". Buyer's to complete all due diligence.

149 Forest Hill Avenue - Detached photo 1 of 4 in London South, Ontario
149 Forest Hill Avenue - Detached photo 2 of 4 in London South, Ontario
149 Forest Hill Avenue - Detached photo 3 of 4 in London South, Ontario
149 Forest Hill Avenue - Detached photo 4 of 4 in London South, Ontario
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New Listing
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$367,500 - 149 Forest Hill Avenue, London South

Detached for Sale in London South

New — Listed 2 days ago
3Beds
3Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
X13468016
Property Type
Detached
Status
active
Days on Site
2
Bedrooms
3
Bathrooms
3
Square Feet
1,500 - 1,999 sqft
Neighbourhood
London South
Listing Brokerage
BLUE FOREST REALTY INC.
Description

A great opportunity for a unique property on a large quiet lot. Property is being sold AS-IS with no warranties or representations. Main floor of the home has a 2 bedroom 1 bathroom layout, with the second level having a 1 bedroom 1 bathroom accessible via staircase at the rear of the home. A perfect getaway awaits in the backyard. A special cottage that has a 1 bedroom 1 bathroom getaway inside. Perfect for feeling like you're away on vacation while at home. The property also features a large shed, and a detached oversize 2 car garage. This property has been damaged due to a fire and City of London has issues an "Order to Make Safe". Buyer's to complete all due diligence.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,885.47/mo

Includes CMHC insurance ($10,253)

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5-yr fixed avg.

Principal: $330,750Interest: $224,636
Mortgage Amount$341,003
Total Interest$224,636
Est. Property Tax$260/mo
Total Cost$565,640

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.

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Neighbourhood Guide: London South

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

149 Forest Hill Avenue, London South

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
8.0%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$260
Insurance (est.)-$77
Net Cash Flow+$2,463

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $245/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.

Just Listed - Act Strategically

This property hit the market within the last week. In London South's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

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.

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.

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    149 Forest Hill Avenue, London South | $367,500 | Battaglia Team