3900 SAVOY Street Unit 187, London South

Price: $499,900

2 bedrooms, 3 bathrooms

1,400 sqft

Property Type: Condo

MLS#: X13035374

Welcome to the sought-after Lambeth neighbourhood in London's rapidly growing south end-an ideal opportunity for first-time buyers and savvy investors alike. Perfectly positioned near major employment hubs, including the Amazon distribution centre and the upcoming St. Thomas battery plant, this location continues to see strong demand and exciting future growth.This modern stacked townhouse offers a bright, open-concept design featuring 2 bedrooms and 2.5 bathrooms, finished with stylish, contemporary touches throughout. The thoughtfully designed living space is both functional and inviting, with direct access to a private terrace-perfect for relaxing or entertaining.Enjoy the convenience of two dedicated parking spaces and included appliances, making this a truly move-in-ready, low-maintenance home.

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$499,900 - 3900 SAVOY Street Unit 187, London South

Condo for Sale in London South

57 days on market
2Beds
3Baths
1,400Sq Ft
Condo
Property Details
MLS Number
X13035374
Property Type
Condo
Status
active
Days on Site
57
Bedrooms
2
Bathrooms
3
Square Feet
1,400 sqft
Neighbourhood
London South
Locker
None
Exposure
North
Balcony
Juliette
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
Description

Welcome to the sought-after Lambeth neighbourhood in London's rapidly growing south end-an ideal opportunity for first-time buyers and savvy investors alike. Perfectly positioned near major employment hubs, including the Amazon distribution centre and the upcoming St. Thomas battery plant, this location continues to see strong demand and exciting future growth.This modern stacked townhouse offers a bright, open-concept design featuring 2 bedrooms and 2.5 bathrooms, finished with stylish, contemporary touches throughout. The thoughtfully designed living space is both functional and inviting, with direct access to a private terrace-perfect for relaxing or entertaining.Enjoy the convenience of two dedicated parking spaces and included appliances, making this a truly move-in-ready, low-maintenance home.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,564.75/mo

Includes CMHC insurance ($13,947)

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5-yr fixed avg.

Principal: $449,910Interest: $305,567
Mortgage Amount$463,857
Total Interest$305,567
Est. Property Tax$354/mo
Total Cost$769,424

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.

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Neighbourhood Guide: London South

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

3900 SAVOY Street Unit 187, London South

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,680/mo
Range: $2,278 - $3,082
Cap Rate (ROI)
3.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,680
Maintenance Fees-$910
Property Tax (est.)-$354
Insurance (est.)-$104
Net Cash Flow+$1,312

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $357/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 57 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.

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.

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.

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    3900 SAVOY Street Unit 187, London South | $499,900 | Battaglia Team