$589,900 - 27 Stormont Drive, London South
Detached for Sale in London South
- MLS Number
- X13206756
- Property Type
- Detached
- Status
- active
- Days on Site
- 22
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London South
- Listing Brokerage
- SUTTON GROUP PREFERRED REALTY INC.
Located on ultra quiet crescent of single family homes nearby to schools, park, city bus, bank, grocery, restaurants. library and much more. Everything you need is close by yet this lovely split level is tucked away on a large private fenced lot with large private covered patio. Perfect yard offers lots of room for the little ones and the pet pooch. 2 sheds for extra storage and attached garage with oversized concrete driveway large enough for 4 cars. Move in ready in immaculate well cared for condition. Enjoy spacious living room with open concept eat in kitchen and dining area. 3 nice sized bedrooms on 2nd level and newer full bath complete with heated floor. The third level offers a 2nd family area with fireplace, a laundry room, newer full bath and storage room. There is also a crawl space for all your storage needs. Your life will be made easier and your bank account larger with the inclusion of the fridge, stove, dishwasher, washer, dryer and window coverings! Vinyl windows throughout, updated electrical panel, furnace and air 2019, upgraded insulation, owned tankless water heater and gleaming hardwood flooring to mention a few features. You cannot go wrong with this one!
Estimate your monthly payments for this property
Estimated Payment
$3,026.49/mo
Includes CMHC insurance ($16,458)
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.
27 Stormont Drive, 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 $536/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.
Market Position
At 22 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $2,458 (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.