1121 Gatewood Rd is a 2-bedroom, 1-bathroom detached home in London, listed for $499,900. It has 700-1100 sq ft of living space.
1The large recroom has a roughed-in wet bar that could be set up, and the rest of the basement has very generous storage space including washing machine and gas dryer.
2The side entrance porch boards and backyard fence entrance are newer.
3Enjoy the private, fully fenced backyard, and the cute shed will be useful for many outdoor items.
If you have been waiting for a home that offers the perfect location along with complete pride of ownership, your search ends here! This brick bungalow in a lovely neighborhood is just steps to Ed Blake Park, a short walk to Louise Arbour, Northbrae, and Monseigneur-Bruyere schools, Thames Valley Trails, many local amenities, and a short bus or drive will get you to Fanshawe, Western, SJHC and University Hospital. This extremely well-maintained home features a traditional living/dining room and a recently upgraded eat-in-kitchen with stunning white cabinetry, quartz countertops, beautiful subway tile backsplash, gas stove, stainless fridge and dishwasher. The large recroom has a roughed-in wet bar that could be set up, and the rest of the basement has very generous storage space including washing machine and gas dryer. The side entrance porch boards and backyard fence entrance are newer. Enjoy the private, fully fenced backyard, and the cute shed will be useful for many outdoor items. Basement, living room, bathroom, kitchen and bedroom windows have all been replaced. Other upgrades include, gas water tank (2020), custom California shutters (2019), luxury plank flooring throughout main floor (2019), R60 insulation in the attic (2019), furnace and a/c (2019), skylight in office was replaced with Solatube (2019),concrete drive (2017) and roof (2013). Excellent value here - simply move in and enjoy!
2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $714 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1121 Gatewood Rd
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
700-1100 sq ftas stated on the listing
Parking
2 spaces
Basement
Full, Partially Finished
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
Full · Partially Finished
Lot & land
Lot size (sqft)
3509
Listing & possession
Property style
Bungalow
Property class
Detached
1121 Gatewood Rd Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13656962$499,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1121 Gatewood Rd Compares to the London Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,456
/mo
based on the purchase price of $499,900
$99,980 cash
$399,920 financed
$336,838 total interest
Principal54%$399,920
Interest46%$336,838
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in London
Other 2–3 bed homes for sale in London around $500K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.2%On average, homes sold below asking.
Active listings2,491Homes for sale here right now.
Median vs prior 90 days−1.7%Compared with Apr 26 – Jul 25, 2026: prices down.
Based on 1,748 sales from Jul 25 – Oct 23, 2026 (1,468 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1121 Gatewood Rd
How much is 1121 Gatewood Rd listed for?
1121 Gatewood Rd is listed at $499,900 (MLS® X13656962). Summitly updates the price as soon as the MLS® record changes.
Is $499,900 a good price for 1121 Gatewood Rd?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1121 Gatewood Rd changed?
No — 1121 Gatewood Rd is still listed at its original asking price of $499,900.
How many bedrooms and bathrooms does 1121 Gatewood Rd have?
1121 Gatewood Rd has 2 bedrooms and 1 bathroom, with about 700–1,100 square feet of living space. It is a detached home in London.
How much would the monthly mortgage be on 1121 Gatewood Rd?
About $2,456 a month — principal and interest on $499,900 with 20% down ($99,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1121 Gatewood Rd compare with other homes in London?
Its asking price of $499,900 is about 11% below the median sold price in London over the last 90 days, $560,000, across 1,748 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1121 Gatewood Rd been sold before?
Summitly has no earlier MLS® sale or lease of 1121 Gatewood Rd on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1121 Gatewood Rd?
1121 Gatewood Rd is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1121 Gatewood Rd been on the market?
74 days — 1121 Gatewood Rd was listed on August 10, 2026.
What is the price per square foot of 1121 Gatewood Rd?
About $454 to $714 per square foot: the asking price of $499,900 over the 700–1,100 sq ft the listing gives as its size range.
Does 1121 Gatewood Rd have parking or a garage?
Yes — the listing gives 2 parking spaces.
Does 1121 Gatewood Rd have a basement, and is it finished?
The listing describes the basement as: Full, Partially Finished.
