$703,442 - 1558 Ed Ervasti Lane, London South
Detached for Sale in London South
56 days on market- MLS Number
- X13041034
- Property Type
- Detached
- Status
- active
- Days on Site
- 56
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London South
- Listing Brokerage
- THRIVE REALTY GROUP INC.
Welcome to 1558 Ed Ervasti Lane, a brand new home located in Sifton's prestigious gated RiverBend Golf Community.This "Express" home offers a unique opportunity for buyers to personalize their space by selecting finishes, while benefiting from a streamlined build timeline. Offering approximately 1,807 sq. ft. with 2 bedrooms and 2 bathrooms, the home features a functional open-concept layout ideal for comfortable, low-maintenance living. The bright main living space is enhanced with quality upgrades including LED pot lights, modern design details, and thoughtful layout improvements. The spacious primary suite features a tray ceiling and a well-appointed ensuite with a revised layout and linen closet. Additional enhancements include modifications to the pantry, laundry, and ensuite areas, along with added windows for increased natural light. Featuring attractive exterior detailing, the home also offers a covered patio area ideal for relaxing or entertaining. RiverBend is an active adult lifestyle community built around a stunning 18-hole golf course, offering a true maintenance-free lifestyle. Residents enjoy 24-hour concierge service, a private clubhouse with dining, social activities, fitness facilities, and an indoor pool. Landscaping, irrigation, and snow removal are all professionally managed. Land Lease: $1,234.90/month Maintenance Fee: $646.72/month. An excellent opportunity to secure a brand new home in a highly sought-after community while still having the ability to customize your finishes. Pricing includes proposed 2026 Enhanced HST Rebate. Final rebate amount is subject to implementation of Provincial/Federal rebate program and homebuyer eligibility as per government guidelines. Rebate program offered on Agreements of Purchase and Sale signed between April 1, 2026 and March 31, 2027.
Estimate your monthly payments for this property
Estimated Payment
$3,640.53/mo
Includes CMHC insurance ($25,324)
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.
1558 Ed Ervasti Lane, 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 $469/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 56 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.
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 $2,931 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.