7046 Diane Cres
South V, London South, Ontario N6P 1G2
- Bedrooms
- 4
- Bathrooms
- 3
- Size
- 2,000–2,500sq ft
- Per sq ft
- $378at the range’s middle
- Lot
- Under 0.50 acres
- Tax a year
- $6,9572025 tax year
- Built
- 31-50
- Parking
- 62 attached
- Days on market
- Members
The brief
About 7046 Diane Cres
7046 Diane Cres is a 4-bedroom, 3-bathroom detached house in South V, London South, listed for sale at an asking price of $849,900 (MLS® X13657994).
Welcome to 7046 Diane Crescent, a beautifully maintained 2-storey home in the sought-after community of Lambeth. Offering 4 bedrooms, 2.5 bathrooms, a double garage and a 4-car driveway, this home combines generous living spaces with valuable recent updates. Step inside to a bright and welcoming main floor featuring a spacious living room, separate family room with a striking brick fireplace, dedicated dining area, breakfast nook and convenient main-floor laundry. The refreshed kitchen (2025) is the heart of the home, showcasing contemporary cabinetry, abundant counter space and peninsula seating, creating an inviting place for everyday meals and entertaining. Flooring and ceramics (2024) add a fresh, cohesive look throughout, with the added benefit of no carpet. Upstairs, four comfortable bedrooms provide plenty of flexibility, including a spacious primary bedroom with its own ensuite. Important mechanical updates include furnace and central A/C (2025), adding comfort and peace of mind for years to come. The unfinished basement offers excellent potential for future living space, a recreation room, home gym, office or additional storage. As an added bonus, the homeowner has already purchased drywall and a toilet intended for the basement finishing project, and these materials will be included with the home. Outside, enjoy a large backyard surrounded by mature landscaping, with plenty of green space and a deck ready for summer dinners, entertaining or simply unwinding outdoors. A wonderful opportunity to make your move to Lambeth in southwest London and enjoy a spacious home with key updates already completed.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall24/100−$1,608/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 23 detached homes with 4 bedrooms for lease in London South right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $6,957 / 2025
- MLS® number
- X13657994
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 31-50
- Days on market
- Size
- 2000-2500 sqft
- Lot Size
- 69.88 x 169.62 ft
- Listed on
- Parking
- 2 Attached, 6 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- South V
- Municipality
- London South
Building
- Size
- 2000-2500 sqft
- Building Age
- 31-50
- Construction
- Brick
Inside
- Bedrooms
- 4
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc 2nd, 1 × 3pc 2nd, 1 × 2pc Main
- Basement Type
- Full
- Kitchens
- 1
Parking
- Driveway
- Pvt Double
- Garage Type
- Attached
- Garage
- 2
- Additional Parking
- 4
- Total Parking
- 6
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 69.88 ft
- Depth
- 169.62 ft
- Lot Size
- 69.88 x 169.62 ft
Additional
- Foundation
- Poured Concrete
- Roof
- Shingles
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- Refrigerator, Stove, Dishwasher, Washer, Dryer, Central Vacuum, Hot Water Tank Owned (Special Bonus: Drywall and Toilet for future basement finishes)
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.25 × 5.36 m | Hardwood Floor | Main |
| Dining | 3.25 × 4.42 m | Hardwood Floor | Main |
| Kitchen | 3.61 × 6.43 m | Granite Counter, Ceramic Floor | Main |
| Family | 3.25 × 6.05 m | Hardwood Floor | Main |
| Laundry | 2.13 × 4.11 m | Access To Garage | Main |
| Primary | 3.43 × 5.44 m | 4 Pc Ensuite | 2nd |
| 2nd Br | 3.43 × 3.86 m | Laminate | 2nd |
| 3rd Br | 3.4 × 3.78 m | Laminate | 2nd |
| 4th Br | 2.92 × 3.07 m | Laminate | 2nd |
Listing history
Buy/sell history for 7046 Diane Cres, London South, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $849,900 | N/A | Ext | X13657994 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $169,980
- Total mortgage amount
- $679,920
- Total interest payment
- $483,480
- Total purchase cost
- $1,333,380
- Mortgage payment
- $3,878/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
53%Monthly carrying cost
$4,458- Rent $2,850
- Shortfall $1,608
Rental income opens at $2,850, the median asking rent of 23 comparable homes for lease in London South. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $13,473
- Total land transfer tax
- $13,473
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $9,473
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $849,900
- $8,998
- Ontario total
- $13,473
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 11,853 sq ft1,101 m²
- Street frontage
- 69.88 ft21.3 m
- Depth
- 169.62 ft51.7 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by GeoWarehouse.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- No mapped wetland within 120 m120 m
- 4 water-supply wells recorded within 250 m2 of them were drilled for domestic use; 5 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 15.2 m.250 m
- Groundwater recorded about 10.4 m below ground nearbyThe middle water level in the well records within 500 m (40 records). It changes with the season and from spot to spot.500 m
Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaOnly facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 80 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (80 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.80 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, NFTC, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, TekSavvy, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Detached homes for sale in South V right now
- For sale now
- 157
- Median asking price
- $929K
- New in 7 days
- 10
- Price cuts
- 15%
Middle half: $836K to $1.13M
41 in 28 days
23 listings
This home is asking 9% below the median.
See all homes in South VAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Lambeth Public SchoolThames Valley DSB | Public · grades JK–8 | 1.6 km | 90%Grade 6 average |
| École élémentaire La PommeraieConseil scolaire Viamonde | French-language public · grades JK–6 | 1.8 km | 77%Grade 6 average |
| White Pine Public SchoolThames Valley DSB | Public · grades K–8 | 2.2 km | — |
| St. Rose of Lima Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 3.6 km | 81%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Saunders Secondary SchoolThames Valley DSB | Public · grades 9–12 | 3.7 km | 46%Grade 9 math |
| Westminster Secondary SchoolThames Valley DSB | Public · grades 9–12 | 5.5 km | 38%Grade 9 math |
| St Thomas Aquinas Secondary SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 5.9 km | 64%Grade 9 math |
| Oakridge Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 6.5 km | 64%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in South V are shown to signed-in members.