Bungalow with Finished Basement Walk to Victoria Hospital

Property details for 131 Bond Street, London South

Type: Residential
Style: Bungalow
Bedrooms: 2
Bathrooms: 2
Lot Size: 42 x 120 FT
Stories: 1
Basement: Finished, N/A
Parking: Garage, Carport
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Ownership: Freehold
Annual Taxes: $2,833 (2025)

This 2+2 bed, 2 bath bungalow sits on a 42 x 120 ft lot. The main floor has two beds, a full bath, and a fireplace with brick surround and mantel. Kitchen's got new stainless steel appliances. But the real surprise is downstairs: full height basement with new carpet, a rec room with wet bar, second 3-piece bath, laundry, and tons of storage. You'll likely use it as a family room or guest suite. Outside there's a brand new oversized deck with custom railing. 4 parking spots total, including a carport and garage. Location's hard to beat: walk to Victoria Hospital in minutes, and it's a quick bike to Wortley Village or the Thames Valley Parkway. Downtown via bus is under 10 minutes. Three high schools within 2.2 km. Price sits at $499,900, matching the nearby median, with taxes around $2,833. Comparable sales nearby averaged $399,900 and went in 12 days, so this one's priced a touch above, but the finished basement and updates add real value. It's a solid starter or downsizer, especially with that hospital proximity.

About 131 Bond Street, London South — Property Score

Prime Location Well Priced

Score: 68/100

Value

Priced 21.9% below area median of $639,900 based on 142 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

2 bedrooms - 2 fewer than similarly priced 4-bedroom homes nearby 36

2 bathrooms - typical for similarly priced properties 60

5,040 sqft lot - a standard lot for the area 65

Location

$70K median household income - near the Canadian average of $70K 65

92% of residents hold postsecondary credentials - a highly educated neighbourhood 98

78% homeownership rate - indicating a stable, owner-occupied community 85

73% of residents commute under 30 minutes - excellent commuter accessibility 89

2,630/km² population density - a well-balanced suburban area 96

Market

Just listed - area average is 47 days on market 100

-29% median price change over 1 month - declining prices in the area 1

40 months of housing supply - 440 active listings with 11 sold last month (buyer's market) 40

Features

4-car garage - area average is 4.6 spots 95

Finished, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

1 fireplace - a desirable feature for Canadian winters 75

No premium extras like pool, waterfront, or view 50

Investment

0.57% effective tax rate ($2,833/yr) - very low tax burden 83

22% renter population - primarily owner-occupied area 56

Quality

Condition

Listing

45 photos provided - 25% more than the area average of 36 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.