40 DAVID St
South V, London South, Ontario N6P 1B3
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1,500–2,000sq ft
- Per sq ft
- $326at the range’s middle
- Lot
- 60.9 x 134.85 ft
- Tax a year
- $3,9232025 tax year
- Built
- 51-99
- Parking
- 51 attached
- Days on market
- Members
The brief
About 40 DAVID St
40 DAVID St is a 3-bedroom, 2-bathroom detached house in South V, London South, listed for sale at an asking price of $569,900 (MLS® X14028196).
Welcome to 40 David Street, a spacious 3-bedroom bungalow on a large, mature lot in the heart of sought-after Lambeth. Offering approximately 1,550 sq. ft. on the main level, an attached garage and a finished lower level, this home delivers an impressive amount of living space in one of London's most desirable neighbourhoods.The bright and inviting main floor features a generous living room, formal dining area and an updated kitchen with granite countertops and plenty of cabinetry. Three large bedrooms and 1.5 bathrooms provide comfortable main-floor living, while the rear sunroom offers an additional living space complete with a gas fireplace and convenient access to the backyard. Downstairs, the finished lower level adds substantial living space with a large family/rec room, second gas fireplace, bar area and den. A sizeable unfinished workshop and storage area provides plenty of additional space for hobbies, projects or future possibilities.Outside, the large private lot offers room to entertain, garden or simply enjoy the mature surroundings, while the attached garage adds everyday convenience.Set on a quiet street in the heart of Lambeth, just minutes from parks, schools, shopping, restaurants and easy access to Highways 401 and 402. Whether you're a first-time buyer, growing family, downsizer or someone looking for a solid home to personalize over time, 40 David Street offers exceptional space, location and potential at $569,900.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even50/100−$302/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 6 homes with 3 bedrooms for lease in South V right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,923 / 2025
- MLS® number
- X14028196
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 51-99
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 60.9 x 134.85 ft
- Listed on
- Parking
- 1 Attached, 5 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- South V
- Municipality
- London South
Building
- Size
- 1500-2000 sqft
- Building Age
- 51-99
- Construction
- Brick
Inside
- Bedrooms
- 3
- Bathrooms
- 2
- Bathroom Details
- 1 × 2pc Main, 1 × 4pc Main
- Basement Type
- Full
- Kitchens
- 1
Parking
- Driveway
- Pvt Double
- Garage Type
- Attached
- Garage
- 1
- Additional Parking
- 4
- Total Parking
- 5
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 60.9 ft
- Depth
- 134.85 ft
- Lot Size
- 60.9 x 134.85 ft
Additional
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- Refrigerator, Stove, Washer , Dryer
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.6 × 6.52 m | — | Main |
| Kitchen | 3.26 × 3.47 m | — | Main |
| Dining | 3.06 × 3.26 m | — | Main |
| Family | 3.86 × 4.1 m | — | Main |
| Primary | 3.0 × 4.26 m | — | Main |
| Br | 2.0 × 3.99 m | — | Main |
| Br | 3.21 × 3.98 m | — | Main |
| Rec | 3.54 × 7.91 m | — | Lower |
| Den | 3.31 × 4.21 m | — | Lower |
| Den | 2.53 × 4.55 m | — | Lower |
Listing history
Buy/sell history for 40 DAVID St, 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 | $569,900 | N/A | Sc | X14028196 |
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
- $113,980
- Total mortgage amount
- $455,920
- Total interest payment
- $324,080
- Total purchase cost
- $893,980
- Mortgage payment
- $2,600/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
29%Monthly carrying cost
$2,927- Rent $2,625
- Shortfall $302
Rental income opens at $2,625, the median asking rent of 6 comparable homes for lease in South V. 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
- $7,873
- Total land transfer tax
- $7,873
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $3,873
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 $569,900
- $3,398
- Ontario total
- $7,873
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
- 8,212 sq ft763 m²
- Street frontage
- 60.9 ft18.6 m
- Depth
- 134.85 ft41.1 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.
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
- No water-supply well recorded within 250 m3 test or monitoring holes also recorded.250 m
- Groundwater recorded about 9.8 m below ground nearbyThe middle water level in the well records within 500 m (35 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 this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. 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 39% below the median, lower than three quarters of them.
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
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Lambeth Public SchoolThames Valley DSB | Public · grades JK–8 | 600 m | 90%Grade 6 average |
| White Pine Public SchoolThames Valley DSB | Public · grades K–8 | 2.5 km | — |
| École élémentaire La PommeraieConseil scolaire Viamonde | French-language public · grades JK–6 | 2.8 km | 77%Grade 6 average |
| St. Rose of Lima Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 4.1 km | 81%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Saunders Secondary SchoolThames Valley DSB | Public · grades 9–12 | 4.2 km | 46%Grade 9 math |
| Westminster Secondary SchoolThames Valley DSB | Public · grades 9–12 | 5.7 km | 38%Grade 9 math |
| St Thomas Aquinas Secondary SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 7.5 km | 64%Grade 9 math |
| Oakridge Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 7.7 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.