$174,900 - 198 Springbank Drive Unit 81, London South
Detached for Sale in London South
65 days on market- MLS Number
- X13000828
- Property Type
- Detached
- Status
- active
- Days on Site
- 65
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London South
- Listing Brokerage
- THE REALTY FIRM INC.
The Cove Retirement Community presents Unit 81. This well-maintained 2 bedroom, 1 bath mobile home is ideally located at the back of the park, offering peaceful views of mature trees from the spacious covered deck. The open concept living area features cathedral ceilings, hard surface flooring throughout, and an L-shaped kitchen with ample cabinetry and an eat-in peninsula. The home includes a convenient 3 piece bath with walk-in shower, a dedicated laundry area with built-in floating shelves, a spacious primary bedroom with access to the rear patio, and a second bedroom perfect for guests or a home office. Enjoy outdoor living with a covered deck, gazebo, and storage shed. This 1990 Commodore 14 x 48 mobile home has seen several updates including washer (2023 approx), roof shingles in 2015, electric hot water tank 2016, furnace 2016, laminate flooring 2021 with bedrooms updated in 2023, shower 2021, bathroom vanity 2022, new eavestroughs 2021, and professionally levelled 2023. Land lease fees ($846/monthly) include property taxes, water, sewage, garbage and recycling, road maintenance, snow removal, and park maintenance. Community guidelines require one owner to be 50 plus, no dogs over 15 inches in height, no small children, and owner occupancy only with no rentals permitted. All offers must be conditional upon land lease approval.
Estimate your monthly payments for this property
Estimated Payment
$897.33/mo
Includes CMHC insurance ($4,880)
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 81, 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 $250/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 65 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.