464-466 THIRD STREET
London and St. Thomas · N5V4R5
$460,000
About this residence
Attention Investors, first-time home buyers and flippers - this is the kind of opportunity that doesn't come around often. Sitting on nearly half an acre in East London and zoned R5-3, this property is loaded with redevelopment potential. Whether you're looking to intensify, build, or hold for future growth, the zoning and oversized lot offer a wide range of possibilities. In the meantime, you're getting two homes for the price of one. The main residence features 3 bedrooms and a spacious family room with vaulted ceilings and 4-pc bath. Heated with a gas furnace. The second home offers electric baseboard heating 2 bedrooms, 3pc bath, a living room, dining area, and kitchen - perfect for rental income, multi-generational living, or added flexibility. This property also presents a great flip opportunity or an ideal option for a handy first-time buyer looking to break into the market and build equity. Located close to Fanshawe College, the Gibraltar Trade Centre, public transit, and major amenities. Plenty of on-site parking. (id:61366)
Property details
- Property type
- Single Family
- Style
- Other
- Bedrooms
- 5 (5 above)
- Bathrooms
- 2
- Storeys
- 1
- Living area
- 2,000–2,500 sq ft
- Lot size
- 99.9 FT
- Frontage
- 99.1 feet
- Parking
- 7 spaces
- Annual tax
- $3,264
- MLS®
- X13079030
- Board
- London and St. Thomas
- Status
- Active
- Listed
- May 4, 2026
- Updated
- May 24, 2026
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Bedroom | Main level | 2.4 × 3 m |
| Bedroom 4 | Main level | 3 × 2.5 m |
| Bedroom 5 | Main level | 3.1 × 2.4 m |
| Bedroom 2 | Main level | 3.4 × 2.9 m |
| Bedroom 3 | Main level | 3 × 3.6 m |
| Kitchen | Main level | 2.9 × 2.7 m |
| Dining room | Main level | 3.6 × 3.6 m |
| Living room | Main level | 5.9 × 4 m |
| Sunroom | Main level | 7.4 × 5.9 m |
| Kitchen | Main level | 2.8 × 4.1 m |
| Dining room | Main level | 2.1 × 3.3 m |
| Living room | Main level | 2.8 × 2.9 m |
Features & finishes
Heating
- Forced air
- Baseboard heaters
- Electric
- Natural gas
Exterior
- Vinyl siding
Foundation
- Concrete
Parking
- Garage
- Detached Garage
Architecture
- Bungalow
Financing
Estimated monthly payment
$2,151/mo
Loan amount
$368,000
Down payment
$92,000
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
London and St. Thomas
Nearby
About the area
Census · N5V- 32,961
- Population
- 36
- Median age
- $74,500
- Median income
- $448,000
- Median home value
- 62%
- Home ownership
- 24 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 464-466 THIRD STREET?
464-466 THIRD STREET is listed for $460,000, in London and St. Thomas.
How many bedrooms and bathrooms does 464-466 THIRD STREET have?
It offers 5 bedrooms and 2 bathrooms.
What type of home is 464-466 THIRD STREET?
464-466 THIRD STREET is a Single Family, Other set over 1 storey.
How large is 464-466 THIRD STREET?
The home offers approximately 2,000–2,500 sq ft of living space on a lot measuring 99.9 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $2,151. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $3,264 per year.
Is there parking?
Yes — 464-466 THIRD STREET includes 7 parking spaces.
What is the London and St. Thomas area like?
London and St. Thomas has a population of about 32,961, a median age of 36, a 62% home-ownership rate, with an average commute of about 24 minutes.
What is the average home value in London and St. Thomas?
The median dwelling value in this area is approximately $448,000, based on census data via Neighbourly.
What is the median household income in London and St. Thomas?
The median household income in this area is approximately $74,500.
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