- Bedrooms
- 4
- Bathrooms
- 4
- Size
- 1,800–1,999sq ft
- Per sq ft
- $309at the range’s middle
- Built
- New
- Parking
- 21 attached
- Days on market
- Members
The brief
About 2927 PETTY Rd
2927 PETTY Rd is vacant land in South W, London South, listed for sale at an asking price of $587,611 (MLS® X13790220).
Experience the difference of a home built beyond the ordinary. This brand-new 4-bedroom, 4-bathroom townhome at Olive Tree Gardens by Millstone Homes offers nearly 2,000 sq. ft. of thoughtfully designed living space across three levels. The versatile layout features a ground-floor bedroom with backyard walkout, an open-concept main level with a spacious island kitchen, dining area, living room, pantry, and private deck, plus three additional bedrooms on the upper level, including a primary retreat with ensuite and walk-in closet. Built to the same construction and finishing standards found in Millstone's custom homes, this residence showcases custom cabinetry by Elite Kitchen Designs, European tilt-and-turn windows, SPC vinyl flooring throughout with no carpet, flat ceilings, stain-grade wood stairs, Riobel fixtures, and designer tile finishes. Energy-efficient mechanical systems include a high-efficiency furnace, HRV, central air conditioning, and tankless water heater. Located in Southwest London, minutes from shopping, restaurants, transit, and Highway 401/402 access, Olive Tree Gardens offers the perfect combination of convenience, low-maintenance condominium living, and exceptional build quality rarely found at this price point. Price includes the proposed 2026 HST rebate. The final rebate amount will depend on the approval of Provincial and Federal legislation and the purchaser meeting government eligibility requirements, such as occupying the property as a primary residence or using it as a qualifying rental property. The photos on this listing are of the end unit, which is priced at $605,310.00. The listing price of $ 587,611.00 is for the interior unit.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even60/100−$1/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 9 homes with 4 bedrooms for lease in South W right now. Cost of owning counts the mortgage and the condo fee. This record states no property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- MLS® number
- X13790220
- Board
- TRREB MLS®
- Property Type
- Vacant Land Condo
- Building Age
- New
- Days on market
- Size
- 1800-1999 sqft
- Listed on
- Parking
- 1 Attached, 2 Parking
Property details
Property
- Property Type
- Vacant Land Condo
- Style
- 3-Storey
- Community
- South W
- Municipality
- London South
Building
- Size
- 1800-1999 sqft
- Building Age
- New
- Construction
- Brick
Inside
- Bedrooms
- 4
- Bathrooms
- 4
- Bathroom Details
- 1 × 2pc Ground, 1 × 2pc 2nd, 1 × 4pc 3rd, 1 × 4pc 3rd
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Attached
- Garage
- 1
- Additional Parking
- 1
- Total Parking
- 2
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Condo maint.
- $120
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Br | 3.18 × 3.33 m | — | Ground |
| Foyer | 2.44 × 3.2 m | — | Ground |
| Kitchen | 4.57 × 5.23 m | — | 2nd |
| Living | 3.18 × 5.21 m | — | 2nd |
| Dining | 3.38 × 4.01 m | — | 2nd |
| Primary | 3.33 × 3.58 m | — | 3rd |
| 3rd Br | 3.23 × 3.38 m | — | 3rd |
| 4th Br | 3.07 × 3.33 m | — | 3rd |
Listing history
Buy/sell history for 2927 PETTY Rd, London South, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $587,611 | N/A | For Sale | X13790220 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
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
- $117,522
- Total mortgage amount
- $470,089
- Total interest payment
- $334,211
- Total purchase cost
- $921,822
- Mortgage payment
- $2,681/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
20%Monthly carrying cost
$2,801- Rent $2,800
- Shortfall $1
Rental income opens at $2,800, the median asking rent of 9 comparable homes for lease in South W. 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
- $8,227
- Total land transfer tax
- $8,227
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $4,227
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 $587,611
- $3,752
- Ontario total
- $8,227
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.
Water and conservation3
- No mapped wetland within 120 m120 m
- 9 water-supply wells recorded within 250 m7 of them were drilled for domestic use; 5 test or monitoring holes also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 9.4 m.250 m
- Groundwater recorded about 4.3 m below ground nearbyThe middle water level in the well records within 500 m (46 records). It changes with the season and from spot to spot.500 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
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Cloverdale Paint Inc. — KELCOATINGS LIMITED, 330 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.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 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 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
Lots for sale in South W right now
- For sale now
- 9
- Median asking price
- $560K
- New in 7 days
- 2
- Price cuts
- 11%
Middle half: $500K to $588K
3 in 28 days
1 listing
This home is asking 5% above the median.
See all homes in South WAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Ashley Oaks Public SchoolThames Valley DSB | Public · grades JK–8 | 750 m | 57%Grade 6 average |
| Sir Arthur Carty Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 1 km | 74%Grade 6 average |
| Sir Isaac Brock Public SchoolThames Valley DSB | Public · grades JK–8 | 1.3 km | 78%Grade 6 average |
| École élémentaire catholique Frère AndréConseil scolaire catholique Providence | French-language Catholic · grades JK–6 | 3.8 km | 85%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Westminster Secondary SchoolThames Valley DSB | Public · grades 9–12 | 3.3 km | 38%Grade 9 math |
| Saunders Secondary SchoolThames Valley DSB | Public · grades 9–12 | 3.5 km | 46%Grade 9 math |
| Catholic Central High SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 5.8 km | 57%Grade 9 math |
| École secondaire Gabriel-DumontConseil scolaire Viamonde | French-language public · grades 9–12 | 6.8 km | 77%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
Similar Active Listings
Recently sold nearby
Sold prices in South W are shown to signed-in members.