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198 Springbank Drive #96

London South, N6J 1G1·MLS® X13730206

Listing courtesy of Oliver & Associates Sarah Oliver Real Estate Brokerage·Updated 6 hours ago

Listing price

$175,000

Est. $833/mo

Days on market

1

Listed Sep 1, 2026

For sale
1 / 31
2bd·1ba·700-1,100sqft

Description

This very well-maintained 2-bedroom, 1-bath mobile home offers comfortable and affordable living in a desirable location. Inside, you'll find a nicely appointed kitchen, a separate dining area, and an open-concept living space that creates a bright and welcoming atmosphere. Enjoy the spacious outdoor living area featuring a large deck and patio-perfect for relaxing or entertaining-along with a convenient storage shed for your outdoor essentials. Ideally situated close to scenic walking trails, beautiful Springbank Park, shopping, and a variety of nearby amenities. A wonderful opportunity to enjoy low-maintenance living in a convenient area of London! Land lease fees will be increasing to $870.54 per month, which include property taxes, water, sewage, garbage and recycling, road maintenance, snow removal, and park maintenance. One owner must be 50+ years old. All offers must be conditional upon land lease approval. Ask your realtor or me for a copy of the rules and regulations.

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Property details

Type
MobileTrailer — Other
Interior
700-1100 sqft
Rooms
8 rooms
Bathrooms
1 × 4-piece
Basement
None
Heating
Forced Air
Cooling
Central Air
Exterior
Aluminum Siding
Foundation
Not Applicable
Roof
Shingles
Water & sewer
Sewer
Driveway
Unreserved, Street Only (2 spaces)
Parking
2 spaces
Property tax
$246/yr (2026)

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)$833
Property tax$190
Insurance (est.)$36
Utilities (est.)$250
Total monthly$1,309
Land transfer taxOne-time, on closing

Ontario LTT

$1,475

First-time rebate

$1,475

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

Price & listing history

$175,000

Listed Sep 1, 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

$49,090

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

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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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