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584 Commissioners Road

London South, N6K 1B7·MLS® X13168694·

Listing courtesy of Thrive Realty Group INC.·Updated May 25

For sale
1 / 5
0Beds
0Baths
< 700Sqft
Year Built

Listing price

$1,950,000

Est. $9,287/mo

Days on market

20

Listed May 25, 2026

Description

Prime Development Opportunity in Sought-After West London! Unlock the potential of this exceptional nearly 1-acre development site, perfectly positioned just steps from the vibrant intersection of Commissioners Rd West and Wonderland Road. This near shovel-ready property comes with a proposed plan for a modern stacked townhome community, featuring 26 stylish units across two architecturally designed buildings. Whether you're a seasoned builder or a savvy investor, this is your chance to break ground in one of London's most desirable neighbourhoods. Surrounded by top-tier amenities, shopping, dining, and convenient transit options, this A+ location promises strong market appeal and future growth. Don't miss this rare opportunity to bring a visionary residential project to life in a high-demand area.

Property details

Type

Vacant Land — Other

AI property estimate

$1,852,500Below Market
$1,735,500$1,969,500

82% confidence · 4 comparable sales analysed

Location & neighbourhood

Oakridge

London South, ON

Established neighbourhood with mature trees and great schools.

Monthly payment estimate

Mortgage (5.24%, 25yr)$9,287
Property tax$2,113
Insurance (est.)$406
Utilities (est.)$250
Total monthly$12,056

Land transfer tax

Ontario LTT

$35,475

First-time rebate

$4,000

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

Price & listing history

May 25, 2026Listed
$1,950,000

Market conditions · South M

Buyer's marketBalancedSeller's market

Avg. sold price

$682,400

+5.2%

Avg. days on market

18

−3d

Sale-to-list ratio

101.2%

+0.8%

Investment analysis

Est. monthly rent

$7,800

Rental yield

4.8%

Est. cash flow

-$4,256

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$452,094

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$1,852,500

Below Market

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