$695,000 - 2500 MAIN Street Unit 5, London South
Condo for Sale in London South
107 days on market- MLS Number
- X12657458
- Property Type
- Condo
- Status
- active
- Days on Site
- 107
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,800 sqft
- Neighbourhood
- London South
- Locker
- None
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- STREETCITY REALTY INC.
MODEL HOME NOW OPEN #5! ATTENTION FIRST TIME HOME BUYERS!! TAKE ADVANTAGE OF THE 13% HST REBATE PROPOSED BY THE GOVERNMENT !!! Welcome to contemporary living in the heart of Lambeth! This stylish 3-storey, 4-bedroom, 4-bathroom townhome offers approx 1,800 sq. ft. of thoughtfully designed living space! Featuring Hardwood Flooring on all levels with 9 foot ceilings, pot lights throughout, blending modern finishes with everyday comfort! The ground floor offers versatility for a home office, guest space or a 4th bedroom with 4pc bath. As you transition to the second floor, you're welcomed into a quartz kitchen which is the centrepiece of the home, featuring a large kitchen island with stainless steel appliances, pot lights and ample cabinetry-perfect for both casual meals and entertaining! The adjoining living and dining areas provide a seamless flow, ideal for hosting friends or relaxing at the end of the day.. The upper level unites 3 bedrooms and 2 full bathrooms. All bedrooms are well-proportioned, offering plenty of space for rest, work, or study. The bathrooms are tastefully finished with modern fixtures, double sinks, glass showers , enhancing the home's fresh, contemporary feel. With three full storeys, there is a comfortable separation of living, sleeping, and entertaining areas, giving everyone room to spread out. Move-in ready and designed with style in mind and luxury ! If you're looking for a spacious, modern home with all upgraded features to nearby shops, parks and top-rated schools this property deserves your attention! There is 14 Units Remaining and Builder is Offering Exclusive Incentives ! This is the time to Stop By and Visit our Model - OPEN TUESDAY's and THURSDAY's from 1-5 !! Plus, SATURDAY's and SUNDAY's from 1-4!
Estimate your monthly payments for this property
Estimated Payment
$3,565.71/mo
Includes CMHC insurance ($19,391)
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.
2500 MAIN Street Unit 5, 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 $386/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 107 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
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 $2,896 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.