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45 Pond Mills Road #206

London South, N5Z 4W5·MLS® X13419856·

Listing courtesy of Sutton Group Preferred Realty INC.·Updated 3 days ago

For sale
1 / 38
2Beds
1Baths
900-999Sqft
31-50Year Built

Listing price

$309,500

Est. $1,474/mo

Days on market

5

Listed Jun 9, 2026

Description

Welcome to Unit 206 at Rivers Edge - Where Comfort Meets the Calm of the River! This 2 bedroom, 1 bath condo delivers the perfect blend of updates, natural beauty, and effortless living. Just one flight up, this unit has eastern exposure, facing the Thames River and Park - imagine sipping your morning coffee to the sound of birdsong. Inside the updated kitchen and bathroom shine plus there are 5 quality appliances (just 5 years old) that will make move-in a breeze. Brand new windows installed throughout the building in 2024 flood the space with natural light, complemented by new custom blinds for style and privacy. The spacious primary bedroom features a walk-in closet, the 2nd bedroom offers plenty of space and there is convenient in-unit laundry. The smart seal system around the A/C helps keep heating costs in check, and the east-facing orientation means naturally cooler summers - a win all around! Outside your door, Rivers Edge residents enjoy an impressive suite of amenities: a fitness room, sauna, party room, outdoor BBQ area with gazebo, visitor parking, and additional laundry facilities. The assigned parking spot #79 on level P1 is close to the entrance! The smoke-free, well-managed building creates a peaceful atmosphere perfectly suited for professionals, retirees, or anyone craving low-maintenance living with real community feel. The location is simply unbeatable. Step outside to the Thames River walking trails, a disc golf course, and South River Valley Park - then pop over by car or transit to nearby shops, and restaurants in minutes. Urban convenience and a true connection to nature, all in a serene setting. Whether you're a first-time buyer, downsizer, or savvy investor - this is the opportunity you've been waiting for!

Property details

Garage

1 car Underground

Basement

None

Parking

1 spaces

Type

Condo Apartment — Apartment

Heating

Baseboard

AI property estimate

$295,573Below Market
$277,003$314,143

82% confidence · 8 comparable sales analysed

Location & neighbourhood

Pond Mills

London South, ON

South London neighbourhood featuring the protected Pond Mills Environmentally Significant Area.

Monthly payment estimate

Mortgage (5.24%, 25yr)$1,474
Property tax$335
Insurance (est.)$64
Utilities (est.)$250
Total monthly$2,123

Land transfer tax

Ontario LTT

$3,118

First-time rebate

$3,118

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

Price & listing history

Jun 9, 2026Listed
$309,500

Sold comparables nearby

209 - 739 Deveron Crescent, London SouthSold

$250,000

209 - 739 Deveron Crescent, London South

2 bd·1 ba·900-999 sqft
904 - 858 Commissioners Road, London SouthSold

$295,000

904 - 858 Commissioners Road, London South

2 bd·1 ba·800-899 sqft

See all 10 comparables

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Market conditions · South J

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

$1,238

Rental yield

4.8%

Est. cash flow

-$885

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

$79,626

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

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AI estimate

$295,573

Below Market

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