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$587,611

Est. $2,753/mo mortgage

4bd·4ba·1,800-1,999sqft

2927 PETTY Road · London South, N6E 1L7

MLS® X13790220

3 days on market

Listed Sep 16, 2026

Listing courtesy of Canadian Dream Realty INC.·Updated 2 days ago

Description

Experience the difference of a home built beyond the ordinary. This brand-new 4-bedroom, 4-bathroom townhome at Olive Tree Gardens by Millstone Homes offers nearly 2,000 sq. ft. of thoughtfully designed living space across three levels. The versatile layout features a ground-floor bedroom with backyard walkout, an open-concept main level with a spacious island kitchen, dining area, living room, pantry, and private deck, plus three additional bedrooms on the upper level, including a primary retreat with ensuite and walk-in closet. Built to the same construction and finishing standards found in Millstone's custom homes, this residence showcases custom cabinetry by Elite Kitchen Designs, European tilt-and-turn windows, SPC vinyl flooring throughout with no carpet, flat ceilings, stain-grade wood stairs, Riobel fixtures, and designer tile finishes. Energy-efficient mechanical systems include a high-efficiency furnace, HRV, central air conditioning, and tankless water heater. Located in Southwest London, minutes from shopping, restaurants, transit, and Highway 401/402 access, Olive Tree Gardens offers the perfect combination of convenience, low-maintenance condominium living, and exceptional build quality rarely found at this price point. Price includes the proposed 2026 HST rebate. The final rebate amount will depend on the approval of Provincial and Federal legislation and the purchaser meeting government eligibility requirements, such as occupying the property as a primary residence or using it as a qualifying rental property.

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Property details

Interior

Interior
1800-1999 sqft
Rooms
8 rooms
Bathrooms
1 × 2-piece on Ground, 1 × 2-piece on Second, 1 × 4-piece on Third, 1 × 4-piece on Third
Basement
None
Heating
Forced Air
Cooling
Central Air
Laundry
N

Building & lot

Type
Vacant Land Condo, 3-Storey
Age
New
Exterior
Brick, Stucco (Plaster)
Storeys
1
Exposure
North

Parking

Garage
1 car Attached
Parking
2 spaces
Locker
None

Fees & taxes

Condo fee
$120/mo
Pets
Yes-with Restrictions
Corporation
TBD 997
Managed by
TBD

AI property estimate

$385,008Estimate is ~34.5% below asking

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

$346,507$423,509

51% confidence · 10 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
White Oaks

London South, ON

Large south London neighbourhood anchored by White Oaks Mall with diverse housing and strong transit.

Monthly paymentest. $3,599/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$2,753
Property tax$354
Insurance (est.)$122
Utilities (est.)$250
Condo fee$120
Total monthly$3,599
Land transfer tax$8,227 on closing

Ontario LTT

$8,227

First-time rebate

$4,000

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

Price & listing history

Listed 3 times · asking price down 8% from the first ask

$587,611

Listed Sep 16, 2026

On the market
$587,611 8%

Listed Jun 15, 2026 · 92 days on market

Listing expired

Sep 15, 2026

$635,760

Listed Nov 10, 2025 · 202 days on market

Listing expired

May 31, 2026

294 days on the market in total across 3 listings. Each listing carries its own MLS® number, so the days-on-market shown on any single one resets.

Sold comparables nearby

20 - 3103 Petty Street, London SouthSold

$570,000

20 - 3103 Petty Street, London South

3 bd·4 ba·1,600-1,799 sqft
36 - 3635 Southbridge Avenue, London SouthSold

$555,000

36 - 3635 Southbridge Avenue, London South

3 bd·4 ba·1,800-1,999 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in London South

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 97.4% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$606,965

Sale-to-list ratio

97.4%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $144,000 household income

Minimum household income required

$144,000

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.

Not sure about financing? Ask Colin
Rental market$2,900/mo median for 4 bed nearby

$2,900/month is the median rent for 4-bedroom homes leased within 3km over the past 12 months, across 26 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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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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