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727 Millbank Drive #Lower

London South, N6E 1Y7·MLS® X13414902·

Listing courtesy of Thrive Realty Group INC.·Updated 9 hours ago

2Beds
1Baths
700-1,100Sqft
Year Built

Listing price

$1,595

Est. $8/mo

Days on market

2

Listed Jun 8, 2026

Description

Welcome to this spacious and well-maintained 2-bedroom, 1-bathroom ALL-INCLUSIVE suite in desirable South London. Spanning two levels within a unique four-level home, this bright and inviting unit offers an abundance of living space, natural light, and storage throughout. Enjoy two generously sized bedrooms with large closets, a full 4-piece bathroom, and a spacious kitchen featuring ample cabinetry, a dishwasher, and plenty of room for cooking and entertaining. Additional highlights include in-suite laundry, multiple storage areas, one dedicated parking space, and access to a large fully fenced backyard. Conveniently located close to shopping, restaurants, parks, schools, public transit, and other everyday amenities, this home offers comfort, space, and convenience all in one package.

Property details

Basement

Full, Separate Entrance, Finished

Parking

1 spaces

Type

Detached — Backsplit 4

Heating

Forced Air

AI property estimate

$1,528Below Market
$1,432$1,624

82% confidence · 7 comparable sales analysed

Location & neighbourhood

Summerside

London South, ON

Newer southeast neighbourhood with diverse housing, growing commercial options, and family appeal.

Monthly payment estimate

Mortgage (5.24%, 25yr)$8
Property tax$2
Insurance (est.)$0
Utilities (est.)$250
Total monthly$259

Land transfer tax

Ontario LTT

$8

First-time rebate

$8

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

Price & listing history

Jun 8, 2026Listed
$1,595

Sold comparables nearby

116 DOWNING Crescent, London SouthSold

$620,000

116 DOWNING Crescent, London South

3 bd·2 ba·1,100-1,500 sqft
923 Willow Lane, London SouthSold

$510,000

923 Willow Lane, London South

2 bd·2 ba·700-1,100 sqft

See all 10 comparables

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Market conditions · South Y

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

$6

Rental yield

4.5%

Est. cash flow

-$253

Cap rate

3.2%

Best time to sell

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

Affordability

Minimum household income required

$9,725

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

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AI estimate

$1,528

Below Market

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