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198 Springbank Drive #201

London South, N6J 1G1·MLS® X13620202

Listing courtesy of Re/max Centre City Realty INC.·Updated 2 hours ago

For sale
1 / 24
4Beds
2Baths
2,000-2,500Sqft
Year Built

Listing price

$495,000

Est. $2,358/mo

Days on market

1

Listed Jul 30, 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 Cafe 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

Property tax

$266/yr (2026)

AI property estimate

$689,879~39.4% above asking

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

$600,195$779,563

66% confidence · 18 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Wortley Village

London South, ON

Artisan neighbourhood with boutique shops and cafes.

Monthly payment estimate

Mortgage (5.24%, 25yr)$2,358
Property tax$536
Insurance (est.)$103
Utilities (est.)$250
Total monthly$3,247

Land transfer tax

Ontario LTT

$6,375

First-time rebate

$4,000

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

Price & listing history

Jul 30, 2026Listed
$495,000

Affordability

Minimum household income required

$121,755

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

Not sure about financing? Ask Colin

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AI estimate

$689,879

Above Market
CA

Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbott

Broker

519-859-4579 · colinabbot@gmail.com

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