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For Sale

198 Springbank Drive 5 #5

South D, London South, ON
$134,900
1Bd
1Ba
900+sqft
2Parking
$150/sqft
DetachedMLS# X12857142Listed 2026-03-0742 DOM
Heating
Water Heater Owned

On the market for 42 days — longer than average. The seller may be open to negotiation.

About this home

1973 Mobile Home situated in The Cove Mobile Home Park Retirement Community. A Year round Park located on Springbank Dr near Greenway Park. Owners must be 50+ to own and live in this park. Formerly a 2 bedroom unit has been converted to a 1 bedroom with a den (guest room) and a laundry room. Features an open concept dining/living room with lots of natural lighting. Roof shingled in 2017, furnace is older and works well. Enjoy 2 large decks + front covered porch and deck. Lot fees $818.15/month: INCL $750.00 Lot fees + 50.00 water + $18.15 for property taxes + garbage and recycling pick up, park maintenance. Located close to downtown, shopping center, Greenway Park, dog park and trails. Offers to be conditional on Land Lease approval. Owners must be 50+ to own and live in this park, no rentals allowed. Being sold "as is where is" no warranties or guaranties. A great alternative to condo living and ideal for retirement or down sizing.

Rooms

Main Floor
Kitchen3.43 × 1.88 m
Living Room5.33 × 5.59 m
Den5.38 × 2.06 m
Primary Bedroom3.05 × 2.87 m
Laundry2.64 × 2.87 m
Bathroom0.00 × 0.00 m

Features

  • Primary Bedroom - Main Floor
  • Water Heater Owned
  • None
  • Wall Unit(s)
  • Bungalow

Financials

Annual Taxes
$218

Estimated Rental Income

Entire property$2,000 – $3,000/mo
Rental yield17.8% – 26.7%

*Estimates based on comparable rentals in the area. Actual income may vary.

Market Data — London South

Days on market42 days
Buyer's MarketSeller's Market

Based on active listings in London South. Data updates daily.

Our estimate for this home

Priced 81.0% below estimate
Estimated range
$657K$764K
Mid-point $710K · ~$789/sqft
How this listing compares
$657KList · $135K$764K
High confidence·Based on 1930 gta-wide comparables

Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.

MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.

$134,900
198 Springbank Drive 5, London South
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