$499,999

For sale

#B117 2082 Lumen Drive, London South (South A), Ontario, N6K0L3

2 bd3 ba1 pk1,300 ft²+$345/mo

Listed by ROYAL LEPAGE TRILAND REALTY

#14 18 Cadeau Terrace, London South (South A), Ontario, N6K4Z1

For salePrice drop

43 days ago

$600K$629K

↓ $29K (5%) price drop

#14 18 Cadeau Terrace, London South (South A), Ontario, N6K4Z1

4 bd3 ba4 pk1,100 ft²+$500/mo

Listed by REAL BROKER ONTARIO LTD

#58 14 Cadeau Terrace, London South (South A), Ontario, N6K4X5

For sale

49 days ago

$550K

#58 14 Cadeau Terrace, London South (South A), Ontario, N6K4X5

3 bd3 ba4 pk1,300 ft²+$600/mo

Listed by ROYAL LEPAGE TRILAND REALTY

#16 9 Cadeau Terrace, London South (South A), Ontario, N6K4T5

For salePrice drop

57 days ago

$560K$570K

↓ $10K (2%) price drop

#16 9 Cadeau Terrace, London South (South A), Ontario, N6K4T5

2 bd3 ba4 pk1,100 ft²+$550/mo

Listed by ROYAL LEPAGE TRILAND REALTY

Investment analysis

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$499,999

London South

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#B118 2082 Lumen Drive, London South (South A) - Single Family for Sale

#B118 2082 Lumen Drive, London South (South A), Ontario, N6K0L3

2 beds3 baths1 parking1,500 ft²$429/mo condo feeListed 49 days ago

Overview

This 2-bedroom, 3-bathroom condo in London South is for sale offering roughly 1,500 sq ft of space. Listed at $499,999, it is attractively priced about 11% below the $559,900 median asking price in London South. It has been on the market 49 days, fresher than the London South average of 61 days.

Condos for Sale in London South →All real estate in London South →

Description

I'm not going to sugar coat it, I bought this property as a pre-con in 2021 with plans to move in, I loved the concept of a Net Zero community, walking distance to multiple hiking trails, local diners, shops, and a lifestyle change that really allows for life to feel like you're living outside of the city, in a peaceful and SAFE community. I also LOVED the idea of cheaper and more manageable utility costs (about half the price of my current and past home) as the buildings is so energy efficient. But, sometimes life has other plans, and after a death in my family in 2022, and before the unit was completed (in 2024) I had to move to another location to help take care of family. And so I had to pivot to renting out this gorgeous 2-bedroom, 2.5-bathroom, 1498 square feet stacked townhome that I was so excited about to something else. I'll be honest, the listing price I have currently is a great deal, but I am highly motivated to sell. I'm at a massive loss already, but make me an offer and I will consider any and all reasonable ones. Let's make a deal friends, I'm positive you will LOVE your life here! I know I would have... (id:66096)

Property Details

MLS®: X13802128
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 1
Interior Size: 1,500 ft²
Storeys: 2
Basement: Other, See Remarks, N/A
Heating: Other, Other
Cooling: Central air conditioning
Garage: Attached Garage, Garage, Covered
Fireplace: Yes
Condo Fee: $429/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $4,217/yr
Listed: 49 days ago

Rooms

Main level

Foyer: 1.91 x 1.52 meters
Kitchen: 3.84 x 1.91 meters
Living room: 8.59 x 3.94 meters
Laundry room: 1.3 x 0.89 meters

Second level

Primary Bedroom: 5.36 x 4.51 meters
Bedroom 2: 3.35 x 2.97 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Oven, Dryer, Microwave
Foundation: Concrete
Exterior: Aluminum siding
Lot Features: Flat site, Conservation/green belt, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

49d

London South (South A) listings, avg age

61d

Price / ft²

$333

List price

$500K

Haho

This 2-bed single family in London South (South A) has been listed for 49 days, which is 12 days fresher than the city average of 61. Act while there is still low competition.

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Listed by THE REALTY FIRM PRESTIGE BROKERAGE INC. · STACEY ZEGERS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6K)

This home lists at $499,999, about 5.0× the local median household income of $100,000.

Carrying it typically needs a household income of about $97,667 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $100,000
Population: 37,596
Median age: 44.4
Owner / renter: 70% / 30%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N6K)

$499,999· $333/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,999.95

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($19,000 capitalized)

Property tax (est.)$351/mo

Condo fee$429/mo

Total monthly$3,414

Cash Needed to Close

Down payment (5%)$25,000

Land transfer tax$6,475

Est. closing costs$4,000

Total cash needed$35,475

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