$545,900 - 861 Shelborne Street Unit 34, London South
Condo for Sale in London South
57 days on market- MLS Number
- X13035336
- Property Type
- Condo
- Status
- active
- Days on Site
- 57
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- London South
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- STREETCITY REALTY INC.
Effortless Luxury in South River Estates!Discover refined living in this beautifully maintained 2-bedroom, 3-bath bungalow townhome, perfectly situated in a coveted South London community. Designed for stylish main-floor living, this residence welcomes you with a charming covered porch and private court yard ideal for morning coffee or evening relaxation. Inside, soaring cathedral ceilings, gleaming hardwood floors, and a warm gas fireplace create an inviting, upscale atmosphere. The spacious primary suite easily accommodates a king bed and features dual closets and a private ensuite. The freshly updated main bath (2025) showcases new tile and flooring, while a conveniently placed laundry closet adds everyday ease. The fully finished lower level impresses with a huge family room with a second fireplace, an oversized den/office, a third full bath, and generous storage perfect for entertaining or guests. Enjoy a double garage, interlocking brick driveway, and low condo fees that cover exterior maintenance, lawn care, and snow removal. Recent updates include new roofs, eavestroughs and rebricked driveways to come. A perfect blend of elegance, comfort, and care-free living awaits!
Estimate your monthly payments for this property
Estimated Payment
$2,800.75/mo
Includes CMHC insurance ($15,231)
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.
861 Shelborne Street Unit 34, 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 $546/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.
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 $2,275 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.