- Bedrooms
- 4
- Bathrooms
- 2
- Size
- 1,500–2,000sq ft
- Per sq ft
- $257at the range’s middle
- Lot
- Under 0.50 acres
- Tax a year
- $3,4372025 tax year
- Built
- 100+
- Parking
- 3none
- Days on market
- Members
The brief
About 5 Cove Rd
5 Cove Rd is a 4-bedroom, 2-bathroom detached house in South E, London South, listed for sale at an asking price of $449,900 (MLS® X14137190).
Welcome to The Coves, one of London's best-kept secrets, where nature, character and community come together. Surrounded by environmentally significant green space, peaceful ponds and winding walking trails, this unique neighbourhood offers a feeling of being tucked away from the city while keeping everything you need close at hand. It's a setting that makes it easy to forget you're still right in the city. With fall finally here, imagine relaxing on the front porch swing, included with the home, while enjoying the colours of the forest just across the way. Step off the porch and you are moments from beautiful walking paths where every season brings something new to enjoy. This charming 2.5 storey red brick home offers plenty of room for a growing or busy family, with generous bedrooms, parking for three vehicles and an easy-care yard. One of the home's unexpected bonuses is the fully finished attic, accessed by a full staircase and offering flexible additional living space. Create a cozy upper family room, a private parents' retreat, or even a spacious primary bedroom tucked away on its own level. The basement, with its separate entrance, kitchenette and 3-piece bath, provides a great space for a teenager or young adult wanting a little independence while still being close to home. Just a short walk away is Wortley Village, with its local shops, restaurants and welcoming community atmosphere. The Coves itself has a wonderful neighbourhood feel, including organized street gatherings that make it easy to get to know the people around you. If you have been looking for a home with character, space and a setting that feels a little different from anywhere else in the city, this one deserves another look. Come experience The Coves and see why people who discover this neighbourhood tend to fall in love with it.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Strong82/100+$511/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
- $3,437 / 2025
- MLS® number
- X14137190
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 100+
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 35.59 x 70.83 ft
- Listed on
- Parking
- None, 3 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2 1/2 Storey
- Community
- South E
- Municipality
- London South
Building
- Size
- 1500-2000 sqft
- Building Age
- 100+
- Construction
- Brick
Inside
- Bedrooms
- 4
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc 2nd, 1 × 3pc Bsmt
- Basement Type
- Separate Entrance
- Kitchens
- 1
Parking
- Driveway
- Private
- Garage Type
- None
- Additional Parking
- 3
- Total Parking
- 3
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 35.59 ft
- Depth
- 70.83 ft
- Lot Size
- 35.59 x 70.83 ft
Additional
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- 2 Fridges, Gas Stove, Dishwasher, Washer, Dryer
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.25 × 3.68 m | — | Main |
| Dining | 3.25 × 3.55 m | — | Main |
| Kitchen | 2.74 × 3.35 m | — | Main |
| Primary | 3.27 × 4.26 m | — | 2nd |
| 2nd Br | 3.17 × 3.3 m | — | 2nd |
| 3rd Br | 3.25 × 3.5 m | — | 2nd |
| 4th Br | 4.26 × 6.57 m | — | 3rd |
| Rec | 3.14 × 3.88 m | — | Bsmt |
| Play | 3.04 × 3.65 m | — | Bsmt |
| Family | 3.14 × 3.65 m | — | Bsmt |
| Laundry | 1.82 × 3.04 m | — | Bsmt |
Listing history
Buy/sell history for 5 Cove Rd, 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 | $449,900 | N/A | For Sale | X14137190 |
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
- $89,980
- Total mortgage amount
- $359,920
- Total interest payment
- $255,980
- Total purchase cost
- $705,880
- Mortgage payment
- $2,053/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
0%Monthly carrying cost
$2,339- Carrying cost $2,339
- Surplus $511
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
- $5,473
- Total land transfer tax
- $5,473
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $1,473
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 $449,900
- $998
- Ontario total
- $5,473
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
- Street frontage
- 35.59 ft10.8 m
- Depth
- 70.83 ft21.6 m
- Lot size
- Under 0.50 acresAs the board bands it
The record marks this lot irregular, so its area is not the frontage multiplied by the depth. It is not given here. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation2
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m9 test or monitoring holes also recorded.250 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 home2
- Nearest rail line: 490 m490 m
- 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 CanadaThe nearest is Labatt Brewing Company Ltd, 1.4 km away. Only 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 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, NFTC, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, 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 E right now
- For sale now
- 9
- Median asking price
- $449K
- New in 7 days
- 4
- Price cuts
- 0%
Middle half: $420K to $450K
7 in 28 days
0 listings
This home is asking at the median.
See all homes in South EAsking 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 |
|---|---|---|---|
| Victoria Public SchoolThames Valley DSB | Public · grades JK–8 | 200 m | 31%Grade 6 average |
| St Martin Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 850 m | 73%Grade 6 average |
| Wortley Road Public SchoolThames Valley DSB | Public · grades JK–8 | 1.2 km | 74%Grade 6 average |
| École élémentaire catholique Frère AndréConseil scolaire catholique Providence | French-language Catholic · grades JK–6 | 1.6 km | 85%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| London South Collegiate InstituteThames Valley DSB | Public · grades 9–12 · French Immersion | 1.7 km | 49%Grade 9 math |
| Westminster Secondary SchoolThames Valley DSB | Public · grades 9–12 | 1.9 km | 38%Grade 9 math |
| Catholic Central High SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 2.6 km | 57%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 5.4 km | 57%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 E are shown to signed-in members.