420 Old Wonderland Road, London South

Price: $585,000

3 bedrooms, 3 bathrooms

1,400 sqft

Property Type: Condo

MLS#: X13515390

Affordably Priced 1585 Sq Ft Luxury 2 Storey Townhouse Condo 3 Bedroom, 2.5 Bathrooms with Attached Garage. Incredibly Low Condo Fees of $175! No Grass to Cut, No Snow to Shovel! Bright Open-Concept Main Floor Includes 2 Piece Guest Bathroom, Modern Engineered Hardwood and 9 ft Ceilings. Kitchen Layout which Opens to Great Room, and Separate Dining Area, with Convenient Access to the Private 10' x 12' BBQ Deck. Kitchen Comes Complete with Reverse Osmosis Water Filter System, Custom Cabinetry, Quartz Countertops, Tile Backsplash, a Large Island, and Stainless Steel Appliances. The Second Level has 3 Bedrooms, 4 Piece Bathroom and Convenient Second-Floor Laundry. Primary Suite Includes Large Modern Walk-in Closet and Separate Ensuite Bathroom with Bonus Ceramic Walk-In Tile Shower and Quartz Vanity. Unfinished Basement Provides Great Storage, and Can Easily Be Finished for Additional Space. Click on the Video Icon for the Virtual Tour. Closing is Flexible!

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New Listing
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$585,000 - 420 Old Wonderland Road, London South

Condo for Sale in London South

New — Listed 3 days ago

Neighbourhood: South N

3Beds
3Baths
1,400Sq Ft
Condo
Property Details
MLS Number
X13515390
Property Type
Condo
Status
active
Days on Site
3
Bedrooms
3
Bathrooms
3
Square Feet
1,400 sqft
Neighbourhood
London South
Locker
None
Exposure
West
Balcony
None
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
Description

Affordably Priced 1585 Sq Ft Luxury 2 Storey Townhouse Condo 3 Bedroom, 2.5 Bathrooms with Attached Garage. Incredibly Low Condo Fees of $175! No Grass to Cut, No Snow to Shovel! Bright Open-Concept Main Floor Includes 2 Piece Guest Bathroom, Modern Engineered Hardwood and 9 ft Ceilings. Kitchen Layout which Opens to Great Room, and Separate Dining Area, with Convenient Access to the Private 10' x 12' BBQ Deck. Kitchen Comes Complete with Reverse Osmosis Water Filter System, Custom Cabinetry, Quartz Countertops, Tile Backsplash, a Large Island, and Stainless Steel Appliances. The Second Level has 3 Bedrooms, 4 Piece Bathroom and Convenient Second-Floor Laundry. Primary Suite Includes Large Modern Walk-in Closet and Separate Ensuite Bathroom with Bonus Ceramic Walk-In Tile Shower and Quartz Vanity. Unfinished Basement Provides Great Storage, and Can Easily Be Finished for Additional Space. Click on the Video Icon for the Virtual Tour. Closing is Flexible!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,001.35/mo

Includes CMHC insurance ($16,322)

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5-yr fixed avg.

Principal: $526,500Interest: $357,584
Mortgage Amount$542,822
Total Interest$357,584
Est. Property Tax$414/mo
Total Cost$900,406

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.

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Neighbourhood Guide: South N

Discover South N

South N 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 N

  • 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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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 N 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.

70
Walk Score
Varies
Price Range

420 Old Wonderland Road, London South

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,080/mo
Range: $2,618 - $3,542
Cap Rate (ROI)
3.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,080
Maintenance Fees-$910
Property Tax (est.)-$414
Insurance (est.)-$122
Net Cash Flow+$1,634

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $418/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.

Just Listed - Act Strategically

This property hit the market within the last week. In London South's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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. We'll want to verify the monthly fees and what they include.

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.

Bathroom Count Matters

With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

About South N

I know South N 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.

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    420 Old Wonderland Road, London South | $585,000 | Battaglia Team