$775K · 3+1 bed Vacant Land Condo · South V, London South

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About this home

Welcome to the Promenade in Talbot Village! This detached vacant land condo offers the rare advantage of owning your lot while enjoying low-maintenance living, all in a prime location just minutes from everyday amenities. Backed by open green space and surrounded by ponds and the Talbot Trail System, this home offers a peaceful setting with added privacy and no direct rear neighbours. Offering approximately 2,200 sq ft above grade (as per exterior measurements), plus a finished lower level, this…

Property details

MLS#

X13445574

Status

Buy Now

Beds

3+1

Baths

4 full, 0 half

Size

2000-2249

Style

2-Storey

Type

Vacant Land Condo

Year built

—

Roof: Shingles
Foundation: Concrete

Fireplaces: 1
Fireplace features: Natural Gas

Condo corp #: 698
Balcony: None
Locker: None
Association amenities: BBQs Allowed, Visitor Parking
Fees include: Common Elements Included
Pets: Yes-with Restrictions

Garage: 2-car Attached
Garage spaces: 2
Parking: 4 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Waterfront: No
Exterior: Brick, Vinyl Siding · Deck, Backs On Green Belt, Lawn Sprinkler System, Landscaped
Fronting on: —
Cross street: COLONEL TALBOT RD / PACK RD
Basement: Full
Stories: 1
Utilities: —
Laundry: Laundry Room, In-Suite Laundry
Interior: Auto Garage Door Remote, Storage
Parking features: Private

Rooms

Level	Room	Dimensions
Main	Bathroom	0.96m × 2.48m
Main	Dining Room	3.6m × 4.46m
Main	Foyer	3.53m × 2.36m
Main	Kitchen	2.79m × 4.32m
Main	Living Room	3.68m × 5.18m
Main	Mud Room	2.44m × 2.53m
Second	Bathroom	3.65m × 1.64m
Second	Bathroom	1.69m × 3.67m
Second	Bedroom	3.33m × 3.7m
Second	Bedroom	2.69m × 3.35m
Second	Family Room	4.77m × 5.66m
Second	Primary Bedroom	5.84m × 3.65m
Basement	Bathroom	3.13m × 1.52m
Basement	Bedroom	3.85m × 4.91m
Basement	Recreation	7.04m × 6.14m
Basement	Other	2.43m × 2.18m
Basement	Utility Room	2.3m × 2.59m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $774,900✓ $5,985 tax✓ Gas✓ 2000-2249 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$6,238/mo

incl. closing costs (yr 1)

Annual total

$74,855

year 1

Mortgage only

$2,940/mo

principal + interest

Beyond mortgage

$1,842/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$154,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$499/mo

Utilities

Hydro / electricity$82/mo

≈ $0.07/ft² × ~2,125 ft² · ON avg ~$82/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$7,749/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$22/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$11,973

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)47% $35,277/yr

Property taxes24% $17,958/yr

Utilities5% $4,042/yr

Insurance & security2% $1,600/yr

Maintenance10% $7,749/yr

Condo fees4% $3,129/yr

Closing costs7% $5,100/yr

Mortgage is 47% of your true cost of ownership. The other 53% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$35,277	$2,940/mo
Government & taxes
Property tax	$5,985	$499/mo
Land transfer tax(closing)	$11,973	$998/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$982	$82/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$7,749	$646/mo
Condo fees
Condo / HOA fees	$3,129	$261/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$74,855	$6,238/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 137

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Property details

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Rooms

Sales History

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Annual costs