Finished Bungalow with Deep Yard on Quiet South London Street

Property details for 220 Cairn Street, London South

Type: Residential
Style: Bungalow
Bedrooms: 3
Bathrooms: 2
Lot Size: 32.5 x 120.3 FT
Stories: 1
Basement: Finished, Partially finished, N/A, N/A
Parking: No Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $2,677

Here's a solid 3-bed, 2-bath bungalow in London South that's ready to go. It's got 1,483 sq ft of finished space spread over the main floor and basement, and it's sitting on a nice 32.5 x 120.3 ft lot. The vibe is straightforward and practical, not flashy. Main floor has the kitchen, living room, three bedrooms, and a full bath, all on one level. Kitchen comes with appliances, and the living room is good size. Finished basement adds a family room, a den, and a 2-piece bath, which gives you options for a home office or rec space. Backyard is deep enough for gardening or a play setup. Parking for three cars on the driveway. It's vacant, so you can move in right away. The area is established with nearby schools and just a short drive to amenities like Western Fair or Mandarin Restaurant. Price at $465,000 feels fair for what you get, especially since it's below the nearby median of $467,450. Recent sales in the area are fetching higher prices, so there's decent potential here. If you're hunting for a practical, move-in-ready home without a lot of fuss, this one's worth a look.

About 220 Cairn Street, London South — Property Score

Strong Investment Great Location Well Priced

Score: 68/100

Value

Priced 33.6% below area median of $699,894 based on 334 comparable properties nearby 100

Stable pricing - no price changes since original listing date 50

Size

3 bedrooms - typical for similarly priced homes 60

2 bathrooms - typical for similarly priced properties 60

3,910 sqft lot - a compact lot for the area 55

Location

$54K median household income - below the Canadian average of $70K 57

81% of residents hold postsecondary credentials - a highly educated neighbourhood 88

60% homeownership rate - a balanced mix of owners and renters 72

69% of residents commute under 30 minutes - excellent commuter accessibility 86

2,386/km² population density - a well-balanced suburban area 94

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

3-car garage - area average is 4.7 spots 80

Finished, Partially finished, N/A, N/A basement - potential for additional finished space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

No premium extras like pool, waterfront, or view 50

Investment

0.58% effective tax rate ($2,677/yr) - very low tax burden 83

40% renter population - moderate rental market 78

Quality

Condition

Listing

50 photos provided - 39% 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.