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South R, London South
$1,189,900
Luxury, versatility and proven income potential come together in this exceptional executive home offering nearly 3,700 sq. ft. of beautifully finished living space. Designed for today's modern family, multigenerational living, or buyers seeking supplemental income, this one-of-a-kind property features 4 spacious bedrooms, 3 full bathrooms, 1 powder rooms, and two full kitchens. The bright, open-concept layout is filled with natural light from oversized windows and showcases hardwood flooring throughout, granite countertops, generous principal rooms, main floor laundry, and exceptional storage. Upstairs, a beautifully appointed self-contained living area with a private entrance and private balcony, has been successfully operated as a **currently licensed short-term accommodation**, with documented income history available. Car enthusiasts, hobbyists and entrepreneurs will appreciate the impressive heated garage with in-floor heating, while the brand-new concrete driveway (2024) accommodates up to 8 vehicles, providing parking for approximately 11 vehicles including the garage. Outside, a fully fenced backyard, and an above-ground heated pool, creating the perfect space to relax or entertain. Recent updates include a brand-new roof, additional insulation (2026), tankless water heater, separate electrical sub-panels for the garage and secondary living area, and numerous thoughtful improvements throughout. Whether you're searching for an executive family home, a multigenerational property, or a residence with an established, licensed income opportunity, this home delivers exceptional flexibility without compromising luxury.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 3500-5000 sq. ft. |
| Property Tax | $8,717 |
| Lot Size | 72.71 ft x 207.3 ft |
| mls© Number | X13657724 |
| Listed By | CENTURY 21 FIRST CANADIAN CORP |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,090
- Property tax
- $726
- Heat allowance
- $150
- Housing costs
- $6,967 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$214,000
gross annual household income
- Payment at 4%
- $5,007 / mo
- Cash down
- $237,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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