$712,500 - 35 Cowan Place, London South
Detached for Sale in London South
43 days on market- MLS Number
- X13096624
- Property Type
- Detached
- Status
- active
- Days on Site
- 43
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London South
- Listing Brokerage
- RE/MAX ADVANTAGE REALTY LTD.
You can't get more Forest City than this! Gorgeous leafy trees punctuate the highly sought-after Lockwood Park neighbourhood where families put down roots for generations, located just down the road from LHSC and Parkwood Hospitals. This gracious two-storey home, located on a quiet cul-de-sac, with 4 large bedrooms upstairs (including a generous primary bedroom with ensuite) and 2.5 baths so you never have to fight for mirror space. The formal living and dining rooms (could be a home office), spacious kitchen and an absolute showstopper of a family room with fireplace and conservatory windows, handy powder room and lots of natural light complete the main floor. A generous pie-shaped lot, with a refreshing heated saltwater pool surrounded by decks and flagstone, double driveway and two-car garage provide ample space for large families or guests. The area is ideal, from the upscale, established neighbourhood to the elementary school down the road to its central location near grocery stores, restaurants, exceptional golf at Highland Country Club, wooded Mitches Park and a bustling neighbourhood pub. Head just a minute down the road to go birdwatching or take a hike around Westminster Ponds, one of London's most beautiful natural areas that will make you forget you're in the city as soon as you hit the trails! Any service you need in your daily life, you'll find it nearby. You'll also have quick access to downtown and Highway 401, just a straight shot down Wellington Road.
Estimate your monthly payments for this property
Estimated Payment
$3,655.49/mo
Includes CMHC insurance ($19,879)
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.
35 Cowan Place, 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 $475/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 43 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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in London South.
Bathroom Count Matters
With 3 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 $2,969 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.