500 Osgoode Drive Unit 136, London South

Price: $338,800

3 bedrooms, 3 bathrooms

1,200 sqft

Property Type: Condo

MLS#: X13094548

This well-maintained two-storey townhouse offers 3 bedrooms, 2 full bathrooms, and a convenient powder room, ideally located in the family-friendly Westminster area of South London. The main floor welcomes you with a spacious entryway featuring an ample closet and a 2-piece bathroom, leading into a functional kitchen with updated cabinetry providing extra storage, and an open dining and living area perfect for everyday living. Upstairs, you'll find three generously sized bedrooms and a 4-piece bathroom. The finished basement adds valuable living space with a recreation room, a 3-piece bathroom, laundry area, and a utility room complete with a workbench. Step outside to enjoy a private fully fenced patio with a deck-ideal for relaxing or entertaining. Perfect for first-time homebuyers or growing families, this home is conveniently located close to White Oaks Mall, schools, parks, Landmark Cinemas, restaurants, major transit routes, and offers quick access to Highway 401.

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$338,800 - 500 Osgoode Drive Unit 136, London South

Condo for Sale in London South

43 days on market
3Beds
3Baths
1,200Sq Ft
Condo
Property Details
MLS Number
X13094548
Property Type
Condo
Status
active
Days on Site
43
Bedrooms
3
Bathrooms
3
Square Feet
1,200 sqft
Neighbourhood
London South
Locker
None
Exposure
South
Balcony
None
Listing Brokerage
KELLER WILLIAMS LIFESTYLES
Description

This well-maintained two-storey townhouse offers 3 bedrooms, 2 full bathrooms, and a convenient powder room, ideally located in the family-friendly Westminster area of South London. The main floor welcomes you with a spacious entryway featuring an ample closet and a 2-piece bathroom, leading into a functional kitchen with updated cabinetry providing extra storage, and an open dining and living area perfect for everyday living. Upstairs, you'll find three generously sized bedrooms and a 4-piece bathroom. The finished basement adds valuable living space with a recreation room, a 3-piece bathroom, laundry area, and a utility room complete with a workbench. Step outside to enjoy a private fully fenced patio with a deck-ideal for relaxing or entertaining. Perfect for first-time homebuyers or growing families, this home is conveniently located close to White Oaks Mall, schools, parks, Landmark Cinemas, restaurants, major transit routes, and offers quick access to Highway 401.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,738.22/mo

Includes CMHC insurance ($9,453)

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5-yr fixed avg.

Principal: $304,920Interest: $207,093
Mortgage Amount$314,373
Total Interest$207,093
Est. Property Tax$240/mo
Total Cost$521,466

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

500 Osgoode Drive Unit 136, London South

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,920/mo
Range: $2,482 - $3,358
Cap Rate (ROI)
6.5%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,920
Maintenance Fees-$780
Property Tax (est.)-$240
Insurance (est.)-$71
Net Cash Flow+$1,829

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 $282/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.

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.

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.

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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    500 Osgoode Drive Unit 136, London South | $338,800 | Battaglia Team