$732,000 - 6742 James Street, London South
Detached for Sale in London South
73 days on market- MLS Number
- X12964338
- Property Type
- Detached
- Status
- active
- Days on Site
- 73
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London South
- Listing Brokerage
- BLUE FOREST REALTY INC.
Welcome to this sprawling bungalow in the heart of Lambeth, perfectly set on an impressive double-wide lot with 110 ft of frontage. Just steps to Lambeth Public School and local shopping, this location offers everyday convenience in a charming community setting. Inside, you'll find an updated open-concept kitchen and living area, complete with sliding glass doors leading to a fully fenced backyard and patio-ideal for entertaining or relaxing. The main floor features three bedrooms and a beautifully updated spa-like 4-piece bath. The lower level adds even more living space with a large rec room with custom built-ins, oversized wet-bar and 3pc bathroom. This space offers flexibility for a play area, additional lounge, or home office. Outside, the groundwork for a future shed is already in place with electrical run to the concrete pad. Complete with a double-car garage and inside access, this home offers space, functionality, and great potential in a sought-after neighbourhood. AC unit (2020), Water Heater (2019)
Estimate your monthly payments for this property
Estimated Payment
$3,755.54/mo
Includes CMHC insurance ($20,423)
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.
6742 James 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
Fair Market Value
At $1046/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.
Negotiation Opportunity
At 73 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.
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 $3,050 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.