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198 Springbank Drive #205

London South, N6J 1G1·MLS® X13624032

Listing courtesy of Peak Select Realty INC·Updated 23 hours ago

Listing price

$79,500

Est. $372/mo

Days on market

46

Listed Jul 31, 2026

For sale
1 / 34
1bd·1ba·< 700sqft

Description

This is a lifestyle choice for the 50+ only. The simple life. Are you looking for an easy-to-care-for, manageable place, not too big, with no neighbours immediately on the other side of the wall (as in apartment) - just a little landscaping, few flowers just to be pretty, plus a large covered deck to enjoy - this could be your answer. This unit is one bedroom, one full bathroom, with open concept Kitchen, Dining and Living room creating a great effect with slightly vaulted ceilings. Both the patio doors and entrance open onto large covered deck. Note this home was loved and cared for with its: vinyl siding; updated windows; some fresh paint; metal roof in about last 5 years; forced air gas furnace (2018); Interior air conditioning unit 2023; little shed; fridge 2022; gas stove 2018 (needs range hood exterior vent); Mohen kitchen tap; thermostat 2017; and freshly painted. Of course, the location is key. Easy and short commute to: shopping, restaurants, parks, Coffee shops/Tims, trails, buses and more. In the park, this unit backs onto some of The Park's lawn (vs directly onto another unit). Your parking spot is right in front of this home. Yes, you pay monthly fee for use of land/landlease, portion of property taxes, water & services (common area snow removal & grass cutting) in the Park to Cove Mobile Home Park, & as they say this could be "Retirement at its Best". Subject to change. You must be 50+ years old to successfully own in this Park - their approval is part of the buying process. It is an as-is sale. All dates are estimate or approximate. This is an affordable lifestyle choice for the 50+. Note: park rules do not permit renting, nor large dogs. Park to approve a buyer. Year round living or be a snow bird - your choice?

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Property details

Type
MobileTrailer, Other
Lot size
Not Applicable acres
Interior
< 700 sqft
Rooms
4 rooms
Bathrooms
1 × 4-piece on Main
Basement
None
Heating
Forced Air
Cooling
Other
Exterior
Vinyl Siding, Wood
Foundation
Not Applicable
Roof
Metal
Water & sewer
Sewer
Driveway
Street Only (1 spaces)
Parking
1 spaces
Property tax
$256/yr (2026)

Rooms

Main

Foyer
0.79 × 1.22 m
Bedroom, B/I Shelves
2.8 × 2.01 m
Living Room, combined w/dining, open concept, sliding doors
3.566 × 5.02 m
Kitchen, combined w/dining, open concept
3.47 × 2.34 m

Location & neighbourhood

Wortley Village

London South, ON

Artisan neighbourhood with boutique shops and cafes.

Monthly paymentMortgage, tax and fees

Monthly payment estimate

Mortgage (5.24%, 25yr)$379
Property tax$48
Insurance (est.)$17
Utilities (est.)$250
Total monthly$694
Land transfer taxOne-time, on closing

Ontario LTT

$520

First-time rebate

$520

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

Price & listing history

$79,500

Listed Jul 31, 2026

On the market

Sold comparables nearby

66 - 198 Springbank Drive, London SouthSold

$85,000

66 - 198 Springbank Drive, London South

2 bd·1 ba·700-1,100 sqft
5 - 198 Springbank Drive, London SouthSold

$123,100

5 - 198 Springbank Drive, London South

1 bd·1 ba·700-1,100 sqft

See what these 6 homes sold for

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Market conditionsOld South · last 90 days
Buyer's marketBalancedSeller's market

Avg. sold price

$159,100

Sale-to-list ratio

90.2%

Based on 6 recent comparable sales near this home.

AffordabilityWhat income this home needs

Minimum household income required

$24,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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