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Caledon, King, Toronto, New Tecumseth & Orangeville(437) 228-3434
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MLS® X14116606For SaleVacant Land

5-696 Commissioners Rd

South M, London South, Ontario N6K 1B9

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5-696 Commissioners Rd, London South, photo 1
Asking$745,000
Bedrooms
2+2
Bathrooms
3
Size
1,400–1,599sq ft
Per sq ft
$497at the range’s middle
Tax a year
$8,1002026 tax year
Built
11-15
Parking
42 attached
Days on market
Members

The brief

About 5-696 Commissioners Rd

5-696 Commissioners Rd is vacant land in South M, London South, listed for sale at an asking price of $745,000 (MLS® X14116606).

RARE FIND! Welcome to this former Royal Premier Homes Model Home, nestled in an exclusive enclave of detached vacant land condominiums in the heart of desirable Westmount. Offering the perfect blend of luxury and low-maintenance living, this beautifully designed one-floor home features a private, maintenance-free backyard complete with artificial turf and a newly updated covered deck creating the ideal outdoor retreat to enjoy rain or shine. With almost 1500 sq ft. on the main floor, the open-concept layout is both functional and inviting. The spacious living room showcases a cozy gas fireplace, open to a well-appointed kitchen with stainless steel appliances, granite countertops, abundant cabinetry, and generous workspace for entertaining. The large primary suite offers custom shelving in Walk in closet, California shutters, and a luxurious ensuite bath. Additional highlights include a welcoming front foyer, convenient inside entry from the garage with a mudroom and convenient Laundry room. The professionally finished lower level is bright and spacious, thanks to oversized windows, offering a large recreation room, third bedroom, office/den, third full bathroom, bonus flex room, and plumbed for 2nd Laundry room and exceptional storage space. Recent updates include newer main floor flooring (approx. 2024) and a covered back deck, and new deck boards, adding to the home's move-in-ready appeal. Located just minutes from downtown London, Highways 401 & 402 shopping, restaurants, parks, and everyday amenities, this is a rare opportunity to enjoy upscale, worry-free living in one of Westmount's most sought-after communities.

Insights

  • Condition Score

    Good

    2 documented update signals

    Source: Listing age, structured features and disclosed update language; not an inspection.

  • Cashflow Quality

    Shortfall

    −$1,574/mo against the cost of owning (20% down, 4.8%, 25 yrs)

    Source: Median of 40 homes with 4 bedrooms for lease in London South right now. Cost of owning counts the mortgage, property tax and the condo fee.

Condition uses listing-record signals, not an inspection.

The home

Key facts

Tax
$8,100 / 2026
MLS® number
X14116606
Board
TRREB MLS®
Property Type
Vacant Land Condo
Building Age
11-15
Days on market
Size
1400-1599 sqft
Listed on
Parking
2 Attached, 4 Parking
Listing brokerage: THRIVE REALTY GROUP INC.Data source: TRREB MLS®Information deemed reliable but not guaranteed. Contained information is subject to errors, omissions, and changes without notice. Information should be independently verified.

Property details

Property

Property Type
Vacant Land Condo
Style
Bungalow
Community
South M
Municipality
London South

Building

Size
1400-1599 sqft
Building Age
11-15
Construction
Brick

Inside

Bedrooms
2+2
Bathrooms
3
Bathroom Details
1 × 4pc Main, 1 × 5pc Main, 1 × 4pc Lower
Basement Type
Finished
Kitchens
1

Parking

Garage Type
Attached
Garage
2
Additional Parking
2
Total Parking
4

Utilities

Cooling
Central Air
Heating Type
Forced Air

Additional

Foundation
Poured Concrete
Roof
Asphalt Shingle
Fireplace
Yes
Den
No
Family room
No
Extras
Built-in Microwave, Dishwasher (2025) Fridge, Stove, Washer/Dryer,(2024) Garage Door Opener, Smoke Detector, Window Coverings - Natural Gas BBQ on Deck
Condo maint.
$300

Rooms

RoomSizeFeaturesLevel
Br3.99 × 2.77 m—Main
Primary7.22 × 3.55 m—Main
Living4.63 × 4.05 m—Main
Dining2.74 × 2.71 m—Main
Kitchen4.81 × 3.13 m—Main
Laundry1.89 × 2.68 m—Main
Rec6.06 × 4.51 m—Lower
3rd Br3.81 × 3.47 m—Lower
4th Br4.49 × 2.95 m—Lower

Listing history

Buy/sell history for 5-696 Commissioners Rd, London South, Ontario

Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.

Date StartDate EndList PricePriceEventListing ID
Date StartN/AN/A$745,000N/AFor SaleX14116606

Members see the full history. Prices are hidden from signed-out visitors.

The numbers

Mortgage Calculator

Plan with the current asking price

20% · $149,000

CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.

Mortgage Details

4.8% · 5-year term · 25-year amortization · 20% down

Total down payment
$149,000
Total mortgage amount
$596,000
Total interest payment
$423,700
Total purchase cost
$1,168,700
Mortgage payment
$3,399/mo

Cash Flow Analysis

If you rented this home out at 20% down

Break-even down payment

57%

Monthly carrying cost

$4,374
−$1,574per month
  • Rent $2,800
  • Shortfall $1,574

Rental income opens at $2,800, the median asking rent of 40 comparable homes for lease in London South. Type over it with the rent you expect. This is a planning tool, not advice.

Land transfer tax on this home

Ontario land transfer tax
$11,375
Total land transfer tax
$11,375
First-time buyer rebates (Ontario up to $4,000)
−$4,000
Total for first-time buyers
$7,375
See how this is worked out
0.5% on the first $55,000
$275
1.0% from $55,000 to $250,000
$1,950
1.5% from $250,000 to $400,000
$2,250
2.0% from $400,000 to $745,000
$6,900
Ontario total
$11,375

An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.

Estimate

Estimated value requires sign in

Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.

The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.

Comparable sales

Comparable sales require sign in

Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.

The land

Land and environment

Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.

11 records · 5 on fileRead 2026-10-28
250 m500 m1 km2 kmBeyond · area-wideNo mapped wetland within 120 mNo water-supply well recorded within 250 mOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasA trail on the Ontario trail network within 1 km2 licensed pits or quarries within 2 kmNo recorded oil, gas or salt well within 250 mNo facility within 1 km reports pollutant releases to Environment CanadaNo federal contaminated site within 1 kmElectricity is distributed here by London Hydro Inc.Wired internet 50/10 Mbps or faster is listed at a household 80 m awayAcross the surrounding area: fibre to the home, cable, DSL internet listed
On record Checked, none on record

Water and conservation2

  • No mapped wetland within 120 m120 m
  • No water-supply well recorded within 250 m250 m

Province of Ontario open data

Planning and building activity1

  • Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address

Province of Ontario open data

Around the home1

  • A trail on the Ontario trail network within 1 km1 km

Province of Ontario open data

Environmental records4

  • 2 licensed pits or quarries within 2 kmThe nearest is 860 m away, as mapped.2 km
  • No recorded oil, gas or salt well within 250 m250 m
  • No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Corporation of the City of London — Greenway Pollution Control Centre, 2.9 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
  • No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km

Province of Ontario open data · Government of Canada open data

Power and internet3

  • Electricity is distributed here by London Hydro Inc.At the address
  • Wired internet 50/10 Mbps or faster is listed at a household 80 m awayFixed wireless up to 25/5 Mbps. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (80 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.80 m
  • Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, TekSavvy, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide

Ontario Energy Board · Innovation, Science and Economic Development Canada

Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.

Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.

The market

Market area · filters apply to the charts below

The street

Schools nearby

ElementaryTypeDistanceEQAO average 2024–25
St. Rose of Lima Separate SchoolLondon District Catholic School BoardCatholic · grades JK–8900 m81%Grade 6 average
Westmount Public SchoolThames Valley DSBPublic · grades JK–81 km71%Grade 6 average
W Sherwood Fox Public SchoolThames Valley DSBPublic · grades JK–81.4 km60%Grade 6 average
École élémentaire catholique Frère AndréConseil scolaire catholique ProvidenceFrench-language Catholic · grades JK–62.1 km85%Grade 6 average
SecondaryTypeDistanceGrade 9 math 2024–25
Saunders Secondary SchoolThames Valley DSBPublic · grades 9–121 km46%Grade 9 math
Westminster Secondary SchoolThames Valley DSBPublic · grades 9–122 km38%Grade 9 math
St Thomas Aquinas Secondary SchoolLondon District Catholic School BoardCatholic · grades 9–123.4 km64%Grade 9 math
École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique ProvidenceFrench-language Catholic · grades 9–129 km57%Grade 9 math

EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.

The verdict

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Recently sold nearby

Sold prices in South M are shown to signed-in members.

Email Kassaundra Dobson, Broker of Record