$2,400,000 - 121 Cathcart Street, London South
Multi-Family for Sale in London South
Neighbourhood: South F
- MLS Number
- X13435774
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 25
- Bedrooms
- 8
- Bathrooms
- 8
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- London South
- Listing Brokerage
- KELLER WILLIAMS LIFESTYLES
Brand New Crown Homes Duplex in Old South! Own a brand new build from one of London's most prestigious builders. Two units with 3+1 bedrooms, 3+1 bathrooms and top tier finishes throughout. Each unit enjoys a concrete driveway and garage along with a private back patio. These homes are built for entertaining and family time. Located in one of London's most sought after neighbourhoods, you are a quick walk to entertainment, food and some of London's best people. Wortley Village has it all! Brand new appliances included. Fully finished basements with a full bathroom and bedroom create the perfect space for teens or out of town guests. These two units are also being offered for lease. This could be your most cherished investment as an owner occupied duplex or a long term income property catering to the best of tenants. Ask for a full spec sheet. Steel roof, stone counter tops, upstairs laundry, the list goes on!
Estimate your monthly payments for this property
Estimated Payment
$10,616.01/mo
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 South F
South F 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 South F
- •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
South F 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.
121 Cathcart Street, London South
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Rental income estimator & ROI calculator
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 $960/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.
Market Position
At 25 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Excellent Flexibility
With 8 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in London South.
Bathroom Count Matters
With 8 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.
About South F
I know South F well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $10,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.