$325,000
Est. $1,523/mo mortgage
195 Millbank Drive · London South, N6C 4V9
MLS® X13846728
Listed Oct 1, 2026
Listing courtesy of The Agency Real Estate·Updated 2 hours ago
Description
Welcome to 195 Millbank Drive, a well-maintained 3-bedroom, 2-bathroom townhouse condo in the established Millbank Villas community of South London. Offering a functional layout and plenty of comfortable living space, this home is a great option for first-time buyers, families, or those looking for low-maintenance condo living. The main level features a bright living area with access to the large rear deck, providing a great outdoor space for relaxing, entertaining, or enjoying the warmer months. Upstairs, you'll find three bedrooms, a full 4-piece bathroom, along with several recent updates, including new flooring (2026), a new railing (2026), and fresh paint throughout (2026). Most of the windows have also been replaced, and a new washer and dryer were added in 2026 with a transferable warranty for added peace of mind. The partially finished basement offers a spacious rec room, giving you even more flexible living space for a family room, games area, home gym, or office, and is also equipped with a sump pump with battery backup. With two bathrooms and a practical layout throughout, this home offers plenty of space to make your own. Conveniently located close to Westminster Ponds and its extensive trail system, Victoria Hospital, South London Community Pool, White Oaks Mall, schools, shopping, public transit, and with easy access to Highway 401. A great opportunity to get into a well-established South London community with plenty of everyday conveniences nearby!
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Property details
Interior
- Size
- 1000-1199 sqft
- Rooms
- 11 rooms
- Bathrooms
- 1 × 4-piece on Second, 1 × 2-piece on Ground
- Basement
- Partially Finished
- Heating
- Forced Air
- Cooling
- Central Air
- Laundry
- Y
Building & lot
- Type
- Condo Townhouse, 2-Storey
- Age
- 51-99 years
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Storeys
- 1
- Exposure
- West
Parking
- Parking
- 2 spaces
- Locker
- None
Fees & taxes
- Condo fee
- $407/mo
- Fee includes
- water, parking
- Pets
- Yes-with Restrictions
- Property tax
- $2,129/yr (2026)
- Corporation
- LCC 20
- Managed by
- Larlyn Property Management Inc.
Building amenities
Visitor Parking
Rooms
Main
- Bathroom
- 1.8 × 0.9 m
- Foyer
- 1.58 × 2.92 m
- Dining Room
- 2.97 × 2.48 m
- Kitchen, b/i dishwasher, b/i microwave
- 2.44 × 2.46 m
- Living Room
- 3.62 × 5.54 m
Second
- Bedroom 3
- 3.07 × 2.68 m
- Bathroom, 4 Pc Bath
- 1.49 × 3.51 m
- Bedroom 2
- 4.13 × 2.74 m
- Primary Bedroom
- 3.39 × 4.55 m
Basement
- Utility Room
- 5.75 × 3.48 m
- Recreation
- 3.39 × 5.44 m
Estimated value range
$309K–$341K
An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.
Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.
Location & neighbourhood
DirectionsLondon South, ON
Expansive southeast neighbourhood with diverse housing, numerous schools, and Wellington Road access.
Monthly paymentest. $2,443/mo all in
Monthly payment estimate
Land transfer tax$3,350 on closing
Ontario LTT
$3,350
First-time rebate
−$3,350
First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.
Price & listing history
Listed Oct 1, 2026
Sold comparables nearby
Sold2 - 669 Osgoode Drive, London South
Sold8 - 159 Sandringham Crescent, London South
See what these 6 homes sold for
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Market conditionsBuyer's market in Westminster
Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 97.7% of asking.
Avg. sold price
$379,500
Sale-to-list ratio
97.7%
Based on 6 recent comparable sales near this home.
Affordabilityneeds $82,000 household income
Minimum household income required
$82,000
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$2,375/mo median for 3 bed nearby
$2,375/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 48 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.
Similar Listings
Your advisor
Oak and Key Real Estate Brokerage Inc.
Colin Abbot
Broker
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