$599,900 - 198 Springbank Drive Unit 201, London South
Detached for Sale in London South
Popular Listing- MLS Number
- X13219024
- Property Type
- Detached
- Status
- active
- Days on Site
- 13
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London South
- Listing Brokerage
- RE/MAX CENTRE CITY REALTY INC.
Stunning one-floor home nestled in The Cove Park, a lovely community of like-minded 50+ residents offering an exceptional lifestyle and an excellent condo alternative! Featuring a chef's dream kitchen with gorgeous Taj Mahal granite countertops, oversized island, pot filler, premium Café appliances, 2 dishwashers, and a spacious walk-in pantry. The massive open-concept layout is perfect for entertaining, highlighted by a beautiful living room with custom mantle and fireplace, main floor family room, and dining area. Spacious primary retreat features a walk-in closet and designer ensuite with heated floors, clawfoot tub, double vanity, and oversized walk-in shower with multiple water features. Enjoy outdoor living on the impressive 432 sq ft covered front deck with ceiling fan, plus stamped concrete driveway and backyard patio. Offering 3 additional bedrooms (2 with walk-in closets), 2 full bathrooms, brand new washer & dryer, gas furnace, central air, and built in 2017. Low monthly carrying costs with park fees of $800/month, water $50/month, and taxes only $22.19/month. A truly impressive home that must be seen to be appreciated!
Estimate your monthly payments for this property
Estimated Payment
$3,077.80/mo
Includes CMHC insurance ($16,737)
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.
198 Springbank Drive Unit 201, 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 $300/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.
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.
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 $2,500 (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.