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For sale
1 / 47

$1,069,999

Est. $5,013/mo mortgage

4bd·5ba·2,500-3,000sqft

3147 Gillespie Trail · London South, N6P 0H3

MLS® X12966064

169 days on market169 days on market

Listed Apr 7, 2026

Listing courtesy of Coldwell Banker Power Realty·Updated Sep 4

Description

Introducing the latest Kent model by MCR Homes at 3147 Gillespie Trail a home that's second to none when it comes to layout, flow & everyday new build living. Featured in Our Homes Magazine & once you see it in person you'll understand why. The architectural details & finishes are where this home stands out. It offers a smart, open layout that flows effortlessly making it feel both functional & comfortable. Whether you're hosting or just going about your day everything feels in the right place. Right away you'll notice the attention to detail with wainscotting, coffered ceilings, curved ceilings & subtle archways that give a refined high end feel without losing comfort. Throughout you'll find 9 ft ceilings on the main & 2nd floor, 8 ft doors & upgraded 7 1 4 inch baseboards adding to the overall presence. The kitchen is a standout opening into the main living space with quartz countertops, great sightlines & large windows bringing in natural light. Upstairs the primary bedroom is a true retreat featuring a huge walk in closet with custom cabinetry & a well designed ensuite. Additional bedrooms are generously sized & 2nd floor laundry with built in cabinetry is a practical finishing touch. Out back the covered deck with finished hardscaping, speaker system & security setup gives you a complete outdoor space no work needed. You've also got a separate entrance to a fully finished basement offering strong potential for an in law suite or rental income. Located in a growing area close to amenities this home is part of a wider collection of MCR Homes models giving buyers flexibility & options. First time buyer incentives available making this an even more attractive opportunity. If you've been waiting for a home with a great layout strong finishes & real flexibility this one is worth seeing in person. Contact the listing agent for more details & available models.

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Property details

Interior

Interior
2500-3000 sqft
Rooms
15 rooms
Bathrooms
1 × 2-piece on Main, 2 × 5-piece on Second, 1 × 4-piece on Second, 1 × 4-piece on Basement
Basement
Separate Entrance, Full, Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, 2-Storey
Age
New
Lot size
41.47 × 111.83 ft
Exterior
Brick, Stone
Foundation
Poured Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Garage
2 car Attached
Driveway
Private Double (2 spaces)
Parking
4 spaces

Rooms

Main

Dining Room
2.83 × 3.9 m
Bathroom
1.53 × 1.84 m
Kitchen
4.26 × 4.38 m
Office
3.28 × 2.81 m
Living Room
4.3 × 4.95 m

Second

Bedroom 4
4.86 × 3.81 m
Laundry
2.31 × 1.99 m
Primary Bedroom
4.62 × 3.95 m
Bedroom 3
3.05 × 3.56 m
Bathroom
3.14 × 1.7 m
Bathroom, 5 Pc Ensuite
3.18 × 3.98 m
Bedroom 2
3.09 × 3.99 m

AI property estimate

$989,700Estimate is ~7.5% below asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$890,730$1,088,670

75% confidence · 39 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Lambeth

London South, ON

Growing south-end community with new builds and green space.

Monthly paymentest. $6,130/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$5,013
Property tax$645
Insurance (est.)$223
Utilities (est.)$250
Total monthly$6,130
Land transfer tax$17,875 on closing

Ontario LTT

$17,875

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

$1,069,999

Listed Apr 7, 2026

On the market

Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.

Sold comparables nearby

2400 Red Thorne Avenue, London SouthSold

2400 Red Thorne Avenue, London South

3 bd·3 ba·1,500-2,000 sqft
1193 Thornley Street, London SouthSold

1193 Thornley Street, London South

4 bd·3 ba·2,000-2,500 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in Lambeth

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 96.2% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$815,833

Sale-to-list ratio

96.2%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $258,000 household income

Minimum household income required

$258,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin
Rental market$3,000/mo median for 4 bed nearby

$3,000/month is the median rent for 4-bedroom homes leased within 3km over the past 12 months, across 29 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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