Millbank Drive, London
Offer Date: FIRST COME FIRST SERVED
Closing Date: February 5th, 2026
** Realtors bring us a client and add your commission on top of the purchase price**
Strategies For Success
- Fix & Flip or Rental Hold: Take advantage of the attractive entry price by completing a value-add renovation for resale, or alternatively hold the property as a single-family rental to generate stable long-term cash flow.
Property Overview
Details
- Condo Townhouse
- Beds: 2
- Baths: 1
- 884 sqft above grade & 442 sqft below grade
- Basement approx. 7-8 ft
- Unfinished flooring, ceiling tile has been removed, and has wood paneling throughout
- Built in 1969
- 1 parking spot assigned to each unit, but is not deeded with the unit
Mechanical & Systems
- Electrical: fuses with mostly copper and aluminum wiring
- Furnace: Owned, replaced in 2007
- A/C: Owned, 10 years old
- HWT: Rental, replaced in 2023
Roof & Exterior
- Roof: Condo Corp responsibility
- Windows: Condo Corp responsibility
Lot & Location
- Property taxes are approx. $2,230
- Maintenance fees are approx. $ $407/month including water, snow removal landscaping, exterior (roof and windows)
- Seller has the option to leave junk behind—budget recommended for junk removal
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| The Numbers
We are selling our assignable purchase contract for this excellent Fix & Flip or Rental opportunity.
- Wholesale Price: $214,999
- We believe that after the recommended renovations are completed, this property should be worth at least $325,000 on the MLS
Comparable Analysis |
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| 3-183 Millbank Drive sold for $310,000 in October 2025. This condo townhouse features 3 bedrooms and 2 bathrooms with approximately 1,200–1,399 sq. ft. of living space, a finished basement, and 2 parking spots, with monthly maintenance fees of approximately $369. While the comparable offers an additional bedroom and a finished lower level, it is dated but generally well maintained. In contrast, the subject property has a similar overall townhouse profile but is configured as a 2-bedroom unit with an unfinished basement. After making the appropriate adjustments and assuming completion of the recommended updates, we believe the subject property would be expected to sell for approximately $325,000 on the MLS in as-is condition. |
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| 881 Southdale Road East sold for $335,000 in November 2025 after just 21 days on the market. This condo townhouse offers 3 bedrooms and 1.5 bathrooms with approximately 1,000–1,999 sq. ft. of living space, no garage but one parking spot, and monthly maintenance fees of approximately $430. The property features a partially finished basement and recently renovated bathrooms, and is in good overall condition though not fully updated. While the comparable benefits from an additional bedroom, a partially finished lower level, and recent bathroom improvements, the subject property carries slightly lower fees and presents clear upside through a full cosmetic update. After adjusting for layout, condition, and assuming completion of the recommended renovations, we believe the subject property would be expected to sell for approximately $325,000 on the MLS. |
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