40-745 Chelton Rd
South U, London South, Ontario N6M 0J1
- Bedrooms
- 3+1
- Bathrooms
- 4
- Size
- 1,600–1,799sq ft
- Per sq ft
- $382at the range’s middle
- Tax a year
- $4,0072026 tax year
- Built
- 0-5
- Parking
- 21 built-in
- Days on market
- Members
The brief
About 40-745 Chelton Rd
40-745 Chelton Rd is a 3+1-bedroom, 4-bathroom condo townhouse in South U, London South, listed for sale at an asking price of $650,000 (MLS® X13107360).
End unit condo townhouse, 3+1 bedrooms and 3.5 bathrooms. The Seller Paid for it seriously more than asking price on August 18, 2022. Only one Sp.Dr. lived in it and kept better than it received from the builder. The Seller has the whole papers on the purchase (included 7 year structural warranty of Tarion (Ontario new Home Warranty) since 2022. Lower level boasts a huge recreation room with 2 large windows and 3pce bath - room could be used as an extra large bedroom, guest suite or family room. The garage has house access. The Viola style of Ireonstone, the builder offered 1996sf as it shows in the design. The inviting outdoor deck is perfect for summer enjoyment. Easy access to highway 401, hospitals and all amenities.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall40/100−$711/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 12 homes with 4 bedrooms for lease in South U right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,007 / 2026
- MLS® number
- X13107360
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Building Age
- 0-5
- Days on market
- Size
- 1600-1799 sqft
- Listed on
- Parking
- 1 Built-In, 2 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- 2-Storey
- Community
- South U
- Municipality
- London South
Building
- Size
- 1600-1799 sqft
- Building Age
- 0-5
- Construction
- Brick Veneer
Inside
- Bedrooms
- 3+1
- Bathrooms
- 4
- Bathroom Details
- 1 × 3pc 2nd, 1 × 4pc Upper, 1 × 2pc Main, 1 × 3pc Lower
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Garage Type
- Built-In
- Garage
- 1
- Additional Parking
- 1
- Total Parking
- 2
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Fridge, Stove, Dishwasher, Washer/Dryer, Microwave Oven & All Furniture Included
- Condo maint.
- $286
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.35 × 5.5 m | hardwood floor, Large Window, Open Concept | Main |
| Dining | 2.15 × 3.66 m | hardwood floor, W/O To Deck, O/Looks Backyard | Main |
| Kitchen | 2.75 × 3.36 m | Ceramic Floor, Quartz Counter, Open Concept | Main |
| Primary | 3.36 × 4.58 m | 4 Pc Ensuite, W/I Closet, Large Window | Upper |
| 2nd Br | 2.75 × 4.26 m | Large Closet, Broadloom | 2nd |
| 3rd Br | 3.05 × 3.97 m | Large Closet, Broadloom | 2nd |
| Rec | 4.27 × 5.8 m | 3 Pc Bath, Large Window | Lower |
| Foyer | 0.0 × 0.0 m | 2 Pc Bath | Lower |
Listing history
Buy/sell history for 40-745 Chelton 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 | $650,000 | N/A | Pc | X13107360 |
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
- $130,000
- Total mortgage amount
- $520,000
- Total interest payment
- $369,800
- Total purchase cost
- $1,019,800
- Mortgage payment
- $2,966/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
39%Monthly carrying cost
$3,586- Rent $2,875
- Shortfall $711
Rental income opens at $2,875, the median asking rent of 12 comparable homes for lease in South U. 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
- $9,475
- Total land transfer tax
- $9,475
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $5,475
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 $650,000
- $5,000
- Ontario total
- $9,475
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
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation2
- A mapped wetland is within 120 mDevelopment close to a wetland can need extra review.120 m
- No water-supply well recorded within 250 m250 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 8.1 km8.1 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 IBP Solutions Canada Inc. — Forte Opening Solutions - London, 1.7 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 140 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (140 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.140 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, 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
Condos for sale in South U right now
- For sale now
- 27
- Median asking price
- $460K
- New in 7 days
- 1
- Price cuts
- 22%
Middle half: $429K to $544K
4 in 28 days
6 listings
This home is asking 41% above the median, higher than three quarters of them.
See all homes in South UAsking 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 |
|---|---|---|---|
| École élémentaire catholique Saint-Jean-de-BrébeufConseil scolaire catholique Providence | French-language Catholic · grades JK–6 | 1 km | 73%Grade 6 average |
| Summerside Public School Public SchoolThames Valley DSB | Public · grades JK–8 | 1 km | 83%Grade 6 average |
| Jackson Meadows Public SchoolThames Valley DSB | Public · grades JK–8 | 1.3 km | — |
| St Francis SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 2.7 km | 62%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| École secondaire Gabriel-DumontConseil scolaire Viamonde | French-language public · grades 9–12 | 450 m | 77%Grade 9 math |
| Sir Wilfrid Laurier Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 2.5 km | 51%Grade 9 math |
| G A Wheable Secondary SchoolThames Valley DSB | Public · grades 9–12 | 4.3 km | — |
| Regina Mundi CollegeLondon District Catholic School Board | Catholic · grades 9–12 | 6.5 km | 43%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 U are shown to signed-in members.