- Bedrooms
- 3
- Bathrooms
- 3
- Size
- 1,500–2,000sq ft
- Per sq ft
- $439at the range’s middle
- Lot
- 40 x 115.13 ft
- Parking
- 42 detached
- Days on market
- Members
The brief
About Lot 178 Royal Magnolia Ave
Lot 178 Royal Magnolia Ave is a 3-bedroom, 3-bathroom detached house in South V, London South, listed for sale at an asking price of $769,027 (MLS® X12685318).
Woodfield Design + Build is proud to present the Monland Model, a stunning 2-story home with breathtaking curb appeal! This gorgeous property boasts 3 spacious bedrooms and 2.5 luxurious bathrooms. As you enter the home, you will be greeted by a warm and inviting living space that is flooded with natural light, creating an open and airy atmosphere. The modern kitchen spills into the spacious great room which is the perfect place to prepare delicious meals and entertain guests. Upstairs, you will find a cozy and relaxing primary bedroom that features a large closet and a private ensuite bathroom, complete with double vanities. The two additional bedrooms are equally spacious and offer plenty of natural light and closet space. The property also features a convenient 2-car garage. Located in lovely Lambeth, this home is just a short drive away from local shops, restaurants, and entertainment options and major highways. Don't miss out on this incredible opportunity to make this beautiful property your new home! Pricing includes recently announced HST rebate.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall35/100−$884/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 6 homes with 3 bedrooms for lease in South V right now. Cost of owning counts the mortgage. This record states no property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- MLS® number
- X12685318
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 40 x 115.13 ft
- Listed on
- Parking
- 2 Detached, 4 Parking
Property details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- South V
- Municipality
- London South
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 3
- Bathrooms
- 3
- Bathroom Details
- 1 × 2pc Main, 2 × 4pc 2nd
- Basement Type
- Full
- Kitchens
- 1
Parking
- Driveway
- Pvt Double
- Garage Type
- Detached
- Garage
- 2
- Additional Parking
- 2
- Total Parking
- 4
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 40 ft
- Depth
- 115.13 ft
- Lot Size
- 40 x 115.13 ft
Additional
- Foundation
- Poured Concrete
- Roof
- Fibreglass Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for Lot 178 Royal Magnolia Ave, 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 | $769,027 | N/A | Pc | X12685318 |
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
- $153,805
- Total mortgage amount
- $615,222
- Total interest payment
- $437,478
- Total purchase cost
- $1,206,505
- Mortgage payment
- $3,509/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
40%Monthly carrying cost
$3,509- Rent $2,625
- Shortfall $884
Rental income opens at $2,625, the median asking rent of 6 comparable homes for lease in South V. 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
- $11,856
- Total land transfer tax
- $11,856
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $7,856
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 $769,027
- $7,381
- Ontario total
- $11,856
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 market
Detached homes for sale in South V right now
- For sale now
- 156
- Median asking price
- $929K
- New in 7 days
- 10
- Price cuts
- 15%
Middle half: $838K to $1.13M
41 in 28 days
23 listings
This home is asking 17% below the median, lower than three quarters of them.
See all homes in South VAsking 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 |
|---|---|---|---|
| École élémentaire La PommeraieConseil scolaire Viamonde | French-language public · grades JK–6 | 1 km | 77%Grade 6 average |
| White Pine Public SchoolThames Valley DSB | Public · grades K–8 | 1 km | — |
| Lambeth Public SchoolThames Valley DSB | Public · grades JK–8 | 1.2 km | 90%Grade 6 average |
| St. Rose of Lima Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 2.5 km | 81%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Saunders Secondary SchoolThames Valley DSB | Public · grades 9–12 | 2.6 km | 46%Grade 9 math |
| Westminster Secondary SchoolThames Valley DSB | Public · grades 9–12 | 4.4 km | 38%Grade 9 math |
| St Thomas Aquinas Secondary SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 5.7 km | 64%Grade 9 math |
| Oakridge Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 6 km | 64%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 V are shown to signed-in members.