Homula Realty Brokerage
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.

179 Meadowlily Road, London South, ON N6M 1C3

Land
$2,000,000

Seize this incredible investment opportunity in a highly desirable location in South East London, near the intersection of Commissioners Rd E and Meadowlily. This prime 1.5-acre property offers immense potential for future development, with plans to accommodate 21 luxury condominiums - a rare find in this growing area. Strategically located just 5 minutes from Highway 401, it provides easy access for commuters, while being only 15 minutes from major shopping centers and downtown London, offering convenience to retail, dining, and entertainment. With rapid growth and increasing demand in the area, this is a valuable asset with strong future potential. Don't miss out on this fantastic opportunity - contact us today for more details!

MLS number
X13599352
Type
Land
Status
Active
Bedrooms
0
Bathrooms
Postal code
N6M 1C3
Photos
8
Property tax
$2,596 / year
51days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 7 times.

Sale history is for registered usersSee what this address sold for and when, across all 7 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St Bernadette Separate School
London District Catholic School Board
Elementary1.3 km3.8 / 10
38% met the standard
Tweedsmuir Public School
Thames Valley DSB
Elementary1.3 km7.5 / 10
75% met the standard
Summerside Public School Public School
Thames Valley DSB
Elementary1.5 km7.6 / 10
76% met the standard
Adventist Christian Elementary SchoolElementary1.4 kmNot reported
École élémentaire catholique Saint-Jean-de-Brébeuf
Conseil scolaire catholique Providence
Elementary1.6 km6.9 / 10
69% met the standard
Ealing Public School
Thames Valley DSB
Elementary1.5 km6.3 / 10
63% met the standard · 3 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 2,183 people.

$95,000Median household income
83.5%Own their home
69.1%Detached houses
35.2Median age
38.2%Born outside Canada
25.1%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35390843 — the few blocks around this address, home to 2,183 people. It describes the area, not this property.

2,183Population
36.8Average age
3.1Household size
$97,800Average household income
$95,000Median household income
84%Own their home
17%Rent
41%Condominiums
38%Born outside Canada
25%University degree
$676,000Average home value
10%Low income
68%Not in the labour force
24%Never married
$15,000 to $19,999<1%
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9992%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9995%
$60,000 to $69,9995%
$70,000 to $79,9996%
$80,000 to $89,9994%
$90,000 to $99,9996%
$100,000 and over32%
$100,000 to $124,99911%
$125,000 to $149,9998%
$150,000 to $199,9998%
$200,000 and over4%

Percentages are of the 1,010 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$400,000 · minimum here is $400,000
$8,855.57per month
Borrowed before insurance$1,600,000
Total borrowed$1,600,000
Interest over 25 years at 4.5%$1,056,670

If you rented it out

-$9,071.90per month out of pocket
Rent$0.00
Everything it costs to hold$9,071.90
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by SHRINE REALTY BROKERAGE LTD.. Listing data provided by the Toronto Regional Real Estate Board.