$599,900 - 297 Stephen Street, London South
Detached for Sale in London South
New — Listed 6 days agoNeighbourhood: South B
- MLS Number
- X13497598
- Property Type
- Detached
- Status
- active
- Days on Site
- 6
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London South
- Lot Size
- 11,280 sqft
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
BEAUTIFUL BYRON! PARK-LIKE SETTING!! THIS IS THE ONE THAT YOU HAVE BEEN WAITING FOR!!! Get ready to be swept off your feet by this breathtaking 188 feet deep lot in the highly desirable Byron neighbourhood. This stylish 1.5 storey, 5 bedroom, 2 bathroom family home offers a perfect blend of thoughtful design, functional living spaces with impeccable features and a stunning, private backyard oasis. Enclosed front porch is perfect spot to spend your summer nights. As you step inside, you will be greeted by the open concept layout on the main level complete with an abundance of natural light from the oversized windows. Additionally, a versatile bonus sunroom area offers endless possibilities, perfect for a home office, play area for the kids or a cozy lounge for relaxation. Main floor bedrooms provide a versatile guest retreat or the ideal alternative for aging family members. Upper level boasts spacious bedrooms complimented by an additional bathroom, making this the perfect family home. Unfinished lower level awaits your finishing touches. Detached single car garage with hydro, is a hobbyist's dream. Gather around the fire pit to enjoy the true Muskoka experience right in your own backyard. Just steps from Jorgenson Park, home to the popular Byron Pool and Byron Optimist Community Centre. Located close to all amenities including shopping, restaurants, great schools, playgrounds, nature trails, Boler Mountain Ski Club and London Health Sciences Centre. Act fast, this is your chance to own a home in one of the nicest neighbourhoods in our beautiful city!
Estimate your monthly payments for this property
Estimated Payment
$3,077.80/mo
Includes CMHC insurance ($16,737)
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 B
South B 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 B
- •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 B 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.
297 Stephen Street, 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 $400/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.
Just Listed - Act Strategically
This property hit the market within the last week. In London South's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Excellent Flexibility
With 5 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.
About South B
I know South B 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 $2,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.