$619,000 - 60 Lysanda Avenue, London South
Detached for Sale in London South
- MLS Number
- X13162394
- Property Type
- Detached
- Status
- active
- Days on Site
- 27
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London South
- Listing Brokerage
- ROYAL CANADIAN REALTY
Welcome to this BEAUTIFULLY RENOVATED 3+2 bedroom home located in the sought-after Pond Mills neighbourhood of London - offering the perfect blend of modern living, INCOME POTENTIAL, and unmatched PRIVACY. Situated on a generous 50 x 100 ft lot, this spacious home offers approximately 2,000 sq ft of finished living space, thoughtfully UPDATED from top to bottom with quality upgrades and contemporary finishes. The bright and functional layout features a stylish kitchen, updated flooring, and well-appointed living spaces designed for today's lifestyle. Ideal for GROWING families, multi-generational living, or savvy investors, this home boasts 3 bedrooms on the main level plus 2 additional bedrooms below, creating flexible living arrangements and strong rental potential. Enjoy the rare benefit of NO REAR NEIGHBOURS, providing added privacy and peaceful outdoor living - perfect for entertaining or relaxing. The property also features a 1-car garage and an oversized asphalt driveway accommodating up to 7-8 vehicles, a standout feature for larger households or investment use with NO SIDEWALK. Located just minutes from Highway 401, this home offers excellent commuter access while being close to top-rated schools, parks, shopping, public transit, and healthcare facilities. Nearby green spaces such as POND MILLS PARK and surrounding trail systems enhance the lifestyle appeal of this already exceptional location. This is a TURN-KEY, move-in-ready opportunity that checks all the boxes - whether you're looking for your next home or a property that delivers LONG-TERM VALUE.
Estimate your monthly payments for this property
Estimated Payment
$3,175.79/mo
Includes CMHC insurance ($17,270)
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.
60 Lysanda Avenue, London South
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Rental income estimator & ROI calculator
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
Fair Market Value
At $884/sqft, this property is priced in line with current London South market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 27 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.
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.
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.
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 $2,579 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.