198 Springbank Drive #201
London South, N6J 1G1·MLS® X13219024·
Listing courtesy of Re/max Centre City Realty INC.·Updated May 31
Listing price
$599,900
Est. $2,857/mo
Days on market
Listed May 31, 2026
Description
Stunning one-floor home nestled in The Cove Park, a lovely community of like-minded 50+ residents offering an exceptional lifestyle and an excellent condo alternative! Featuring a chef's dream kitchen with gorgeous Taj Mahal granite countertops, oversized island, pot filler, premium Café appliances, 2 dishwashers, and a spacious walk-in pantry. The massive open-concept layout is perfect for entertaining, highlighted by a beautiful living room with custom mantle and fireplace, main floor family room, and dining area. Spacious primary retreat features a walk-in closet and designer ensuite with heated floors, clawfoot tub, double vanity, and oversized walk-in shower with multiple water features. Enjoy outdoor living on the impressive 432 sq ft covered front deck with ceiling fan, plus stamped concrete driveway and backyard patio. Offering 3 additional bedrooms (2 with walk-in closets), 2 full bathrooms, brand new washer & dryer, gas furnace, central air, and built in 2017. Low monthly carrying costs with park fees of $800/month, water $50/month, and taxes only $22.19/month. A truly impressive home that must be seen to be appreciated!
Property details
Basement
None
Parking
2 spaces
Type
Modular Home — Bungalow
Heating
Forced Air
AI property estimate
82% confidence · 8 comparable sales analysed
Location & neighbourhood
Monthly payment estimate
Land transfer tax
Ontario LTT
$8,473
First-time rebate
−$4,000
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Market conditions · South D
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
$2,400
Rental yield
4.8%
Est. cash flow
-$1,482
Cap rate
3.3%
Best time to sell
Affordability
Minimum household income required
$145,577
Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.
Similar Listings
AI estimate
$618,497
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