$928,500 - 1135 Hobbs Drive Unit LOT 155, London South
Detached for Sale in London South
109 days on market- MLS Number
- X12333008
- Property Type
- Detached
- Status
- active
- Days on Site
- 109
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London South
- Listing Brokerage
- GOLD EMPIRE REALTY INC.
Discover affordable Corner Lot, high-quality pre-construction home in South London offer the perfect blend of space, functionality, and modern design. With 2350 sqft of thoughtfully planned living space, the main floor features an open-concept kitchen with a pantry, a spacious family room with a cozy fireplace, a formal dining room for memorable gatherings, a convenient mudroom, and an impressive open-to-above foyer for a grand entrance. The second floor boasts Four spacious bedrooms, three full bathrooms for added comfort. Additional features include a 2 car garage, and a prime location just two minutes from Highway 401 (Exit 189), with easy access to Victoria Hospital, shopping malls, and other amenities. Starting from the mid-$800s, these custom-built homes offer flexible deposit and closing options, along with the possibility of an optional finished basement for added living space. Plus, assignment options are available at a little extra cost. With a brand-new elementary school (COMING SOON) and park within walking distance, this is the perfect opportunity to invest in a home that blends comfort, style, and value.
Estimate your monthly payments for this property
Estimated Payment
$4,763.69/mo
Includes CMHC insurance ($25,905)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover London South
London South is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in London South
- •Convenient location in London South
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
London South offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1135 Hobbs Drive Unit LOT 155, London South
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $464/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 109 days on site, this property has exceeded the typical selling timeline for London South. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in London South are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London South. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: London South properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,869 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.