$599,000 - 338 Millbank Drive, London South
Detached for Sale in London South
42 days on marketNeighbourhood: South S
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- MLS Number
- X13776498
- Property Type
- Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London South
- Taxes (2026)
- $3,610
- Listing Brokerage
- RE/MAX METROPOLIS REALTY
Welcome to 338 Millbank Drive, where modern comfort, convenience, and spacious living come together! This inviting home offers a fantastic combination of thoughtful upgrades, generous living spaces, and an incredible outdoor setting that is perfect for families and entertainers alike.One of the standout features of this property is the massive backyard - an exceptional outdoor space offering endless possibilities. Whether you envision summer barbecues, family gatherings, a play area for the kids, gardening, or simply relaxing and enjoying your own private outdoor retreat, this expansive backyard provides plenty of room to make it your own.The fully finished basement with a separate entrance adds even more valuable living space and flexibility. Perfect for a recreation room, home office, guest area, extended family, or additional living accommodations, the finished lower level offers versatility to meet your needs.Outside, the spacious driveway provides ample parking for family and guests, adding to the convenience and functionality of the property. With a generous lot, abundant living space, and a fantastic backyard, there is plenty of room to enjoy both indoor and outdoor living. Located close to a wide range of amenities, this home offers the convenience of being near shopping, dining, schools, parks, and everyday essentials. Everything you need is within easy reach while still giving you the space and comfort of a welcoming residential setting.With brand-new flooring, a finished basement with separate entrance, a massive backyard, spacious driveway, and an abundance of desirable amenities, 338 Millbank Drive is a wonderful opportunity to enjoy a comfortable and versatile home with room to grow. Don't miss your chance to make this exceptional property your own - come and experience everything 338 Millbank Drive has to offer!
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
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 S
South S 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 S
- •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 S 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.
338 Millbank Drive, 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
Fair Market Value
At $856/sqft, this property is priced in line with current London South market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 42 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.
Detached Home Advantages
Detached homes in London South are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in London South.
About South S
I know South S 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.