$599,900 - 53 Alayne Crescent, London South
Detached for Sale in London South
- MLS Number
- X13148202
- Property Type
- Detached
- Status
- active
- Days on Site
- 30
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London South
- Listing Brokerage
- OAK AND KEY REAL ESTATE BROKERAGE, INC.
Walk to White Oaks Mall! Beautifully renovated 3 bedroom, 2 bathroom bungalow in the heart of White Oaks, featuring an oversized double car garage and/ or workshop: a rare find for buyers seeking additional space for vehicles, hobbies, tools, storage or projects. This fully finished home has been updated top to bottom with quality finishes throughout, including new flooring, doors and trim (2024), granite countertops, backsplash, new GE stove (2021) and Whirlpool microwave (2021), and a renovated 4-piece main bathroom with porcelain tile, vanity and bathtub surround (2021). The main floor living area showcases a custom electric fireplace with marble surround, perfect for cool and cozy nights finished in 2024. Step down to the fully finished basement where you will be treated to a luxury 3-piece bathroom containing a Carrara marble shower, heated porcelain floors and a luxurious heated towel bar also completed in 2024. Find a gas fireplace with porcelain surround and built-ins, a coffee or breakfast bar and ample storage along with space for an additional fridge in the recreation room. In addition, there is still room to host game nights, work out or create an at-home office space. Major updates include a new furnace (2019), driveway extension (2020), new asphalt shingle roof (2021), custom blinds in kitchen windows valued at over $700, updated light fixtures throughout, and a new sump pump and backflow valve (2024). Recent updates are valued in the tens of thousands. Ideally located steps to playgrounds, paved walking trails, and elementary schools. With quick access to the 401 and 402 corridors, this home is close to some of London's best amenities. Rarely offered at this price, in this area, this home is move-in ready.
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.
53 Alayne Crescent, 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
Fair Market Value
At $857/sqft, this property is priced in line with current London South market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 30 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.