$719,900 - 5 Edward Street, London South
Multi-Family for Sale in London South
101 days on market- MLS Number
- X12867538
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 101
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London South
- Listing Brokerage
- SUTTON GROUP - HODGSON REALTY INC.
Quintessential Old South duplex on a desirable corner lot in the heart of Wortley Village, an exceptional opportunity for investors, owner occupied with mortgage helper or buyers planning for future retirement income. Ideally positioned to attract A+ tenants, this charming side-by-side property offers two self-contained, well laid out apartments, each with its own driveway, private outdoor space, and in-suite laundry. One side is currently leased to a quality tenant at $2,100/month plus utilities, providing immediate income, while the vacant side offers the flexibility to set your own rent or enjoy owner-occupancy. Both units have been thoughtfully updated for comfort and long-term durability, including 200-amp electrical service with sub-panels to each unit (2018), some updated vinyl plank flooring, stackable washer/dryers, and new shingles (2021). Additional improvements include some new siding (Edward 2023), replaced fencing on Bruce side (2023), and a composite balcony floor (Bruce 2024). Units each enjoy their own outdoor space with both units having classic front porches; the front unit enjoys a patio and lovely upper deck and side unit enjoys its own deck. Both benefit from beautiful yard with garden surround. Mechanical systems are well maintained, with annually serviced furnaces, sump pump and commercial-grade dehumidifiers. Rental licence is current and up to date. Located in London's beloved Old South, just steps to Wortley Village shops, cafés, parks, and community events at 'The Green', this character property blends neighbourhood lifestyle with strong, stable rental appeal. Whether adding a proven duplex to your portfolio, living in one unit while renting the other, or securing a property to support long-term income or retirement plans, this Edward/Bruce offering delivers charm, flexibility, and enduring value in one of the city's most coveted areas. Note: Some photos have been virtually staged to help visualize the home's possibilities.
Estimate your monthly payments for this property
Estimated Payment
$3,693.46/mo
Includes CMHC insurance ($20,085)
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.
5 Edward 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 $360/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 101 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 $3,000 (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.