$599,900 - 294 Stephen Street, London South
Detached for Sale in London South
108 days on market- MLS Number
- X12837598
- Property Type
- Detached
- Status
- active
- Days on Site
- 108
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London South
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Did you hear THAT?! That tap, tap, tap is opportunity knocking, and you need to answer that door! 294 Stephen St., in heart of the close-knit community of Byron, has come on the market for the first time ever and is waiting for it's new family to make it their own. Built in the 50's, this solid 3 bedroom, 1.5 bath brick bungalow, has been well-loved and well-maintained over the years. Thoughtful planning has created many spacious gathering places in this home. Whether it's the over 300 sq ft. family room addition, sure to become the heart of the home with its cozy fireplace or the extra large screened patio where you'll spend endless hours enjoying the tranquility of the big back yard or entertaining friends and family, this home has more than enough space for everyone. The full basement with large windows and walk-up to the back yard offers unique potential for a separate lower unit or just terrific space for additional bedrooms, recroom, games or workout room, workshop, whatever! The possibilities are vast and there's lots of room so use your imagination! Have multiple cars and 'toys'? Well this driveway offers parking galore plus you have a detached one car garage. Do a Google street search of 294 Stephen St. and you'll see the lovely landscaping of this home and the charm of this street and neighbourhood. Speaking of neighbourhood, you are walking distance (under 1km) from not only the jewel of London, Springbank Park, but the Byron Optimist Community Center, cool café's and shops and all the amenities you could wish for not to mention less than a block from Byron Northview Public School. So, whether you're looking to upsize, downsize or in search of a small renovation project in a AAA neighbourhood, don't ignore that tap, tap, tap because this opportunity WON'T LAST LONG!
Estimate your monthly payments for this property
Estimated Payment
$3,077.80/mo
Includes CMHC insurance ($16,737)
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.
294 Stephen Street, 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 $545/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 108 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 $2,500 (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.