$330,000 - 127 Belmont Drive Unit 403, London South
Condo for Sale in London South
Neighbourhood: South O
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- MLS Number
- X13877972
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- London South
- Taxes (2025)
- $2,263
- Maintenance Fees
- $578/mo
- Locker
- None
- Exposure
- South West
- Balcony
- Enclosed
- Listing Brokerage
- SUTTON GROUP CHAPMAN REALTY INC.
Estate Sale, Estate Sale. Welcome to Suite 403 at 127 Belmont Drive, a rare three-bedroom, two full bathroom corner condo apartment in South London's well-established Atrium building. Offering the space and flexibility that is hard to find in today's London condo market, this bright corner unit is an excellent opportunity for first-time buyers, down sizers, investors, or anyone looking for low-maintenance living without sacrificing room to live. Freshly painted throughout, the suite features a functional layout with laminate flooring through the living and dining areas and generous natural light from its southwest-facing exposure. Enjoy warm afternoon sun and beautiful sunset views from a comfortable main living space that works well for relaxing, entertaining, or setting up a work-from-home area. The three-bedroom layout is the standout feature, giving buyers options for family, guests, hobbies, storage, or a proper home office. Two full bathrooms add everyday convenience, including a private ensuite for the primary bedroom. In-suite laundry, parking, visitor parking, and elevator access further add to the practicality of the home. Located in the Norton Estates area near Wharncliffe Road South and Belmont Drive, this South London condo offers convenient access to shopping, restaurants, grocery stores, public transit, parks, schools, places of worship, Victoria Hospital, and major routes across the city. If you have been searching for a spacious three-bedroom condo apartment in London, Ontario, Suite 403 delivers the space, function, corner-unit privacy, and lifestyle today's buyers are looking for.
Estimate your monthly payments for this property
Estimated Payment
$1,693.07/mo
Includes CMHC insurance ($9,207)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover South O
South O is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in South O
- •Convenient location in London South
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
South O offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
127 Belmont Drive Unit 403, London South
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $275/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $578/month fees should cover building insurance, common elements, and reserve contributions.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About South O
I know South O well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.