$1,369,900 - 1583 Ed Ervasti Lane, London South
Detached for Sale in London South
84 days on market- MLS Number
- X12929820
- Property Type
- Detached
- Status
- active
- Days on Site
- 84
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London South
- Listing Brokerage
- SUTTON GROUP - HODGSON REALTY INC.
Welcome to one of Riverbend's most captivating offerings where design, exceptional finishes and one of the community's most sought-after views come together. In a premier 50+ gated golf community, this beautiful home offers almost 2300 sqft of main floor living. From the moment you arrive attractive blend of stone and brick create a warm introduction. Inside your eyes are immediately drawn through the home to the stunning pond and golf course view, an enchanting first impression that defines the entire space. The foyer opens to a generous great room with custom fireplace, built-ins and rich hardwood in a timeless finish. The open-concept design flows seamlessly into the kitchen and dining areas, all oriented to capture the breathtaking view through expansive windows. The kitchen offers abundant high-end cabinetry, stone countertops, stainless appliances, pantry and large island for casual dining. The dining area accommodates gatherings of twelve with ease, making it ideal for entertaining. A versatile office/den adds flexibility. Two spacious bedrooms include a guest suite with ensuite and a beautiful primary retreat with spa-like ensuite and serene views. The finished lower provides a large family room, additional bedroom, full bath and excellent storage, perfect for guests or extended stays. The expansive covered patio offers both dining and lounging areas overlooking the pond and course, complemented by professionally landscaped grounds. The view is truly exceptional, with stunning sunsets over the water. Riverbend is more than a neighbourhood, it's a lifestyle, offering gated security, 24-hour concierge, clubhouse, dining, pool, fitness centre, and a vibrant social scene, all surrounded by trails and a private Doug Carrick golf course. Turnkey, beautifully finished, and defined by one of the most exceptional views in Riverbend, this is the one buyers wait for. Land lease of $1417.72/month, maintenance of $646.92/month.
Estimate your monthly payments for this property
Estimated Payment
$6,059.53/mo
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.
1583 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 $685/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 84 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $5,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.