$519,000 - 335 Lighthouse Road Unit 29, London South
Condo for Sale in London South
- MLS Number
- X13153358
- Property Type
- Condo
- Status
- active
- Days on Site
- 29
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- London South
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- NU-VISTA PINNACLE REALTY BROKERAGE INC
Rare Opportunity to own a detached home and the land it sits on in a highly sought after community! Welcome to 29-335 Lighthouse Rd, a beautifully maintained one-owner home nestled in a quiet, friendly and impeccably kept neighbourhood in desirable Summerside. This detached vacant land condominium offers a unique ownership opportunity, you own both the home and the land it sits on, providing the feel of traditional home ownership within a well managed community, often with lower maintenance responsibilities and costs compared to many freehold properties. Featuring 4 bedrooms and 2 full bathrooms. This move in ready home offers 2 spacious bedrooms on the main floor plus 2 additional bedrooms in the bright, finished lower level. Pride of ownership shines throughout, with updates including newer kitchen appliances furnace and roof (approx. 10 yrs old). Step outside to your private backyard retreat complete with a beautiful porch, perfect for relaxing or entertaining. Ideally located close to excellent schools, parks, hospitals, shopping, airport and quick access to highway 401. A rare combination of space, comfort, value and ownership in one of London's most desirable locations. Some photos have been virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$2,662.74/mo
Includes CMHC insurance ($14,480)
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.
335 Lighthouse Road Unit 29, 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 $577/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 29 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.
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.
Efficient Living
At 900 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 $2,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.