$859,900 - 7069 Diane Crescent, London South
Detached for Sale in London South
60 days on market- MLS Number
- X13018344
- Property Type
- Detached
- Status
- active
- Days on Site
- 60
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London South
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Welcome home to 7069 Diane Cres! This cozy bungalow is perfect for all stages in life and is situated in the beautiful, well established area of Lambeth. You have quick access to the 402/401, grocery stores, schools, restaurants, quick convenience of Tim Hortons, pizza, LCBO, with Lambeth and Talbot Village easily accessed for amenities! This home is solid brick construction, built in 1988. When you pull up to the home you will see an interlock double wide drive with parking space for 4 cars and a double garage with inside entry. You will enter to the spacious foyer with closets and a view to the sunken living room with vaulted ceilings, ample light from skylights and a brick gas fireplace to cozy up to in winter. Off the living room to one side is the kitchen, breakfast area and adjacent dining room which make it perfect to entertain. You have patio door access off the breakfast area to a composite deck that extends across the whole back of the house. The back yard is quiet, has an irrigation system, a gas BBQ (included) and a retractable awning which makes summer entertaining even better! A garden shed with hydro completes the back yard which is fenced along back and one side.To the other side of the living room is 3 bedrooms. The primary with a walk in closet and 4pc ensuite. The Primary also has french doors to the back deck area. Downstairs access is just off the inside garage entry and mudroom. It would work well for an in-law suite or contained teenage den as it has a bedroom, rec room, office and 3 pc bathroom. Downstairs you will also find an incredible workshop for the handy person! This home has so much potential and space to grow. If you are looking for a wonderful family area, you have found it! Updates are: Skylights, Roof (Approx 10 yrs), some windows, newer kitchen appliances, AC (7-10 yrs), ventilation system in workshop.
Estimate your monthly payments for this property
Estimated Payment
$4,411.73/mo
Includes CMHC insurance ($23,991)
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.
7069 Diane 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
Competitive Pricing
At $573/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 60 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.
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.
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.
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 $3,583 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.