Available on mobile

Take Summitly with you.

Browse listings, get instant alerts, and talk to your AI concierge — all from your pocket.

Download on theApp StoreGet it onGoogle Play

Weekly market briefing

The smartest move starts here.

Curated listings, price trends, and neighbourhood insights — delivered Sunday morning.

Summitly

Your trusted partner in real estate. We help you find your perfect home, make informed decisions, and connect with expert professionals across Canada.

Explore

Map SearchBrowse ListingsBrowse RentalsSold HomesOpen Houses

Sell & Rent

Sell Your HomeHome ValuationList Your Rental — FreeRental PricingRenting on Summitly

Resources

CalculatorsGet Pre-QualifiedNews & InsightsGuidesBlogAI ConciergeFranchise

Company

AboutContactFind a RealtorCareers — Join SummitlyFAQs
310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage.

Privacy PolicyTerms of UseCookiesSitemap

Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

    Summitly Logo
    Buy
    Sell
    Rent
    Pre-con
    Meet ZaraMy HomeNews & Insights
    HomeBuySell
    For sale On market 128 daysPrice drop · $39,300 off (-11.6%)

    12 Velma Street

    SW·Strathroy-Caradoc, ON·N7G 3L3·Near Adelaide Road

    • 3 beds
    Strathroy-Caradoc real estate›X12783092
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Welcome to the Adult Community of Twin Elm Estates in Strathroy, Ontario. This one-of-a-kind home is situated on a large lot backing onto country property, within walking distance of local shopping and restaurants and only 20 minutes from London. The community also features an active clubhouse offering a variety of activities. Key features of the home include:- Breezeway/sunroom entry- Large windows and laminate flooring in main living areas- Separate main-floor laundry room- Rear den opening to a covered backyard deck- Metal roof- Updated mechanicals and appliances: Furnace (10 years old), A/C (2024), Washer (2025), and Dryer (2026) Financial Information for New Owners:- Land Lease: $800/month (Please contact me regarding the possibility of assuming the current lease at a lower rate). - Taxes: $103.73/month.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    • Welcome to the Adult Community of Twin Elm Estates in Strathroy, Ontario.
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 19, 2026Price reducedCurrentReduced$299,700−$39,300 (11.6%)X12783092This page
    Feb 12, 2026ListedCurrentFor sale$339,000 —X12783092This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Forced Air
      Air conditioning
      Central Air
      Water source
      Municipal
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 12 Velma Street
    What's nearby

    Points of interest classified by the MLS® feed.

    • Clear View
    • Fenced Yard
    • Golf
    • Hospital
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $1,472
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $104
    0.42% mill rate · ON
    The market

    How this home sits in the Strathroy-Caradoc market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Strathroy-Caradoc market right now

    Average sold price, days on market, and closed-transaction count for Strathroy-Caradoc — sourced from MLS®.

    • Avg sold price
      $636,376
      Last 30 days
    • Median sold price
      $595,000
      Middle of the market
    • Days on market
      38 d
      Avg from list to close
    • Closed last 30d
      108
      MLS® transactions
    Full Strathroy-Caradoc market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 12 Velma Street — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 12 Velma Street and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 12 Velma Street listed for?

      12 Velma Street is listed at $299,700 on the MLS® (listing X12783092). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 12 Velma Street have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. 1 bath
  2. 1100-1500 sqft
  3. Detached
  4. Built 31-50
  5. < .50 ac lot
  6. Asking
    $299,700
    $0 / sqft · MLS® X12783092
    Chat Zara
  7. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $636,376
    $585,466Confidence range$687,286
    Asking vs estimate
    ↓below
    −$336,676
    (-52.9%)
    Asking is below estimate
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 3 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Strathroy-Caradoc sell in about 38 days — this one has been listed 128 days.

    Avg sold price
    $636,376
    Median sold
    $595,000
    Avg days on market
    38
    Recently sold
    108
    See comparable sales
  8. This one-of-a-kind home is situated on a large lot backing onto country property, within walking distance of local shopping and restaurants and only 20 minutes from London.
  9. The community also features an active clubhouse offering a variety of activities.
  10. Ask Zara a follow-up
    Septic
  11. Parking & garage

    4
    Garage
    Attached
    Garage spaces
    1
    Parking spaces
    3
    Driveway
    Private Double
  12. Interior

    7
    Basement
    None
    Family room
    N
    Kitchens
    1
    Total rooms
    9
    Laundry level
    Main Level
    Elevator
    N
    Accessibility
    N
  13. Exterior & construction

    4
    Exterior
    Vinyl Siding
    Roof
    Metal
    Foundation
    Piers
    Pool
    None
  14. Lot & land

    2
    Year built
    31-50
    Zoning
    R4
  15. Listing & possession

    3
    Occupancy
    Flexible
    Property style
    Bungalow
    Property class
    Detached
  16. Room-by-room · 8 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    8 rooms
    • Sunroom
      17.0 × 7.1 ft
    • Bedroom 2
      11.0 × 9.0 ft
    • Bedroom 3
      10.1 × 7.0 ft
    • Laundry
      8.0 × 4.1 ft
    • Primary Bedroom
      10.0 × 7.1 ft
    • Living Room
      14.0 × 10.0 ft
    • Kitchen
      10.0 × 9.1 ft
    • Dining Room
      9.1 × 8.1 ft
  17. Library
  18. Rec./Commun.Centre
  19. Combined estimate
    $1,576
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $1,472
    /mo
    based on the purchase price of $299,700
    $59,940 cash
    $239,760 financed
    $201,941 total interest
    Monthly payment$1,472/ month
    Principal54%$239,760
    Interest46%$201,941

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Strathroy-Caradoc

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 5 Connor Avenue
      Sold
      Sign in for price
      5 Connor Avenue
      Detached
    • 30 Statham Street
      Sold
      Sign in for price
      30 Statham Street
      Detached
    • 25 Pearson Avenue
      Sold
      Sign in for price
      25 Pearson Avenue
      Detached
    • 208 ELLOR Street
      Sold
      Sign in for price
      208 ELLOR Street
      Detached
    • 8651 Irish Drive
      Sold
      Sign in for price
      8651 Irish Drive
      Detached
    • 62 Abbott Street
      Sold
      Sign in for price
      62 Abbott Street
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    12 Velma StreetThis home3 / 111,001,500$299,700ask———
    5 Connor Avenue2 / 31,100—
    30 Statham Street3 / 32,000—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Strathroy-Caradoc

    Active listings within ±20% of this asking price.

    • 31 Queen Street
      $349,900
      31 Queen Street
      Detached 4 1
    • 21996 Melbourne Road
      $324,900
      21996 Melbourne Road
      Detached 3 1
    • 240 Maitland Street
      $350,000
      240 Maitland Street
      Detached 3 2
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  20. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  21. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  22. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  23. Public listing courtesy of Royal LePage Heartland Realty · displayed on Summitly per MLS® data-share rules

    12 Velma Street is a 3-bedroom, 1-bath, 1100-1500 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  24. When was 12 Velma Street built?

    12 Velma Street was built in 31-50. Construction style, foundation, roof material, and EnerGuide rating (when published) are in the 'Features' section above.

  25. What is the property tax for 12 Velma Street?

    The 'Property tax' tab in the History section shows the most recent annual tax for 12 Velma Street plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  26. How much would the monthly mortgage be on 12 Velma Street?

    The affordability calculator on this page shows an estimated monthly mortgage for $299,700 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  27. Has 12 Velma Street been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 12 Velma Street with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  28. What neighbourhood is 12 Velma Street in?

    12 Velma Street is in SW, Strathroy-Caradoc. The 'Neighbourhood' section below links to the live Strathroy-Caradoc real estate hub with average sold price, days on market, and current inventory.

  29. Is Strathroy-Caradoc a good place to live?

    Strathroy-Caradoc is one of ON's actively-tracked Summitly markets. The full Strathroy-Caradoc real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  30. 25 Pearson Avenue
    3 / 1
    700
    —
    208 ELLOR Street2 / 1700—
    8651 Irish Drive4 / 22,000—
    62 Abbott Street4 / 31,100—