Address
4 Elmwood Place, London South, ON
Price
$ 575,000
Property Attributes
- ID#X13746210
- TypeSingle Family
- Listing Status New
- CityLondon South
- AreaSouth E
- NeighbourhoodSouth E
- Postal CodeN6J 1J2
- StyleBungalow
- Taxes$ 3772
- Price$ 575,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage1100-1500
Data Source:
Toronto Real Estate Board (TRREB)
Property Description
Attention investors, tradespeople, buyers working from home or anyone seeking a mortgage helper. Welcome to 4 Elmwood Place, an updated 2-bedroom bungalow in desirable Manor Park. The $575,000 asking price is for the property as it currently sits. The accessory dwelling unit has not been built, and its construction cost is additional. A building permit has been issued for a detached 838 sq. ft., 2-bedroom ADU, with plans available. Estimated construction cost is approximately $200,000, and projected rent once completed is $1,950 per month. The main house currently rents for $1,950 per month. The heated and insulated 21'6" x 26' detached garage/shop has a separate hydro meter, electric heat, water, CCTV and security system. With projected rent of $1,100 per month, it is ideal for a hobbyist, workshop or home-based business. Once the ADU is completed, projected gross rental income is approximately $5,000 per month or $60,000 annually. Based on the worksheet assumptions, annual positive cash flow is projected at $11,262 before vacancy, maintenance and management. First-year principal reduction is projected at $14,269, for a combined first-year benefit of approximately $25,531. A full income, expense, cash-flow and mortgage-amortization projection worksheet is available. The renovated home offers two bedrooms, a laundry room, an oversized 5-piece bathroom with a custom double vanity, plus an updated kitchen with modern countertops and four stainless steel appliances. The original fireplace is a decorative focal point but is not in use. Improvements include a new furnace and heat-pump/air-conditioning system installed in 2023, upgraded electrical and plumbing, updated windows and lighting, luxury vinyl plank flooring, ceramic tile in 2017, and a metal roof in 2019. Enjoy a private fenced backyard and wood deck, minutes from downtown London, parks, trails, shopping, restaurants and transit.
| Price History | |
|---|---|
| 9/4/2026 | Listed $575,000 |
General Features
| Sewer | Sewer |
|---|---|
| Cooling | Central Air |
| Roof | Metal |
| Architectural Style | Bungalow |
| Pool Features | None |
| Security Features | Security System,Smoke Detector |
| Construction Materials | Board & Batten |
| Heater Type | Forced Air |
| Parking Spaces | 5 |
| Topography | Level |
| Property Subtype | Detached |
| Tax Year | 2025 |
| Lot Depth | 135.97 |
| PropertyFeatures | Cul de Sac/Dead End,Fenced Yard,Park,Public Transit,Ravine,School Bus Route |
| County | Middlesex |
| New Construction | No |
| Property Type | Residential Freehold |
| Attached Garage | No |
| Facing Direction | North |
| Garage Y/N | Yes |
| Other Structures | Fence - Full,Other,Workshop |
| Status | New |
| City | London South |
| Senior Community Y/N | No |
| Lot Size Units | Feet |
| Property Attached Y/N | No |
| Tax Annual Amount | 3772.0 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Legal Description | PLAN 449 LOT 12 PT LOT 13 RP 33R684 PART 3 |
Interior Features
| Interior Amenities | Carpet Free,Primary Bedroom - Main Floor,Separate Hydro Meter,Storage,Sump Pump,Upgraded Insulation,Water Heater Owned |
|---|---|
| Basement | Full,Unfinished |
| Heat Source | Electric |
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Total Bedrooms | 2 |
| Elevator? | No |
| Total Baths | 1 |
| Bedrooms | 2 |
| Living Area Range | 1100-1500 |
Exterior Features
| Exterior Amenities | Deck,Privacy |
|---|---|
| Parking Features | Available,Private,Private Triple |
| Total Parking | 7.0 |
| Garage Type | Detached |
| Foundation Details | Poured Concrete |
| Spa | No |
| Lot Size Source | GeoWarehouse |
| Waterfront Y/N | No |
| Covered Spaces | 2.0 |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in N6J 1J2
Price
Taxes
Visits
In The Neighbourhood
London South (South E)
$ 429,900
- Type
- Single Family
- Rooms
- 3 Beds + 2 Baths
KELLER WILLIAMS LIFESTYLES
London South (South E)
$ 468,000
- Type
- Single Family
- Rooms
- 2 Beds + 1.5 Baths
INITIA REAL ESTATE (ONTARIO) LTD
London South (South E)
$ 499,900
- Type
- Single Family
- Rooms
- 4 Beds + 2.5 Baths
SUTTON GROUP - SELECT REALTY
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