$529,900 - 31 Meadowview Road, London South
Detached for Sale in London South
101 days on market- MLS Number
- X12865870
- Property Type
- Detached
- Status
- active
- Days on Site
- 101
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London South
- Listing Brokerage
- SUTTON GROUP - SELECT REALTY
Beautiful and well-maintained 3-bedroom bungalow in a highly sought-after, family-friendly neighbourhood! Nestled on a quiet street in Norton Estates (South London), this charming home offers exceptional value-perfect for first-time buyers, down-sizers, or investors seeking a solid opportunity. Bright and inviting, the main floor features a spacious living room with a gas fireplace, hardwood floors, and large windows that flood the space with natural light. The kitchen includes solid wood cabinets and plenty of storage. The finished basement adds excellent versatility, featuring a generous family room, wet bar, its own kitchen, and a separate entrance-ideal for guests, extended family, hobbies, or an in-law suite (as currently used). An additional room provides even more flexible living space. Outside, you'll find a newer concrete driveway (approx. 2.5 years old) with parking for up to five vehicles, a garage, and a fully fenced backyard complete with a rear deck perfect for relaxing or entertaining. Located close to great schools, parks, bus routes, shopping, and with easy access to Highway 401, this home checks all the boxes. The solid flooring throughout and thoughtful layout also offer potential for future wheelchair-accessible modifications. All appliances are included-simply move in and enjoy! A fantastic opportunity at an affordable price. Don't miss your chance to enter the market!
Estimate your monthly payments for this property
Estimated Payment
$2,718.66/mo
Includes CMHC insurance ($14,784)
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.
31 Meadowview Road, 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 $757/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 101 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.
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 $2,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.