198 Springbank Dr #92 is a 2-bedroom, 1-bathroom mobile home in London, listed for $164,900. It has < 700 sq ft of living space.
1The addition features updated siding, windows, and insulation.
2Inside, the home offers an open-concept living and kitchen area, two bedrooms, and plenty of closet and storage space.The home is equipped with a furnace and hot water heater installed in 2020.
Welcome to this charming 2-bedroom mobile home located in The Cove Retirement Mobile Home Park, offering comfortable, low-maintenance living in a welcoming 50+ community.This 1968 Century model features a spacious sunroom addition extending along the side of the home, providing valuable extra living space. The addition features updated siding, windows, and insulation. Inside, the home offers an open-concept living and kitchen area, two bedrooms, and plenty of closet and storage space.The home is equipped with a furnace and hot water heater installed in 2020. Outside, enjoy a nicely landscaped lot with a patio and storage shed.Monthly lot fees are approximately $800 and include applicable property taxes, water, sewage, garbage and recycling pickup, and park maintenance.Conveniently located close to downtown, shopping, Greenwood Park, and nearby trails. An affordable alternative to condo living and a great option for those looking to downsize. ** Residents must be 50+ years of age.
2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $236 per square foot. Chat with Zara if you'd like a deeper read on whether this mobile home fits your budget and timing.
Inside 198 Springbank Dr #92
Every detail from the listing, in one place.
Type
Mobile Home
Style
Other
Living space
< 700 sq ftas stated on the listing
Lot size
x 0
Parking
2 spaces
Basement
None
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
None
Lot & land
Lot dimensions
x 0
Lot size (sqft)
0
Listing & possession
Property style
Other
Property class
MobileTrailer
198 Springbank Dr #92 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$810
/mo
based on the purchase price of $164,900
$32,980 cash
$131,920 financed
$111,111 total interest
Principal54%$131,920
Interest46%$111,111
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in London
Other 1–2 bed homes for sale in London around $165K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.3%On average, homes sold below asking.
Active listings2,476Homes for sale here right now.
Median vs prior 90 days−1.8%Compared with Apr 18 – Jul 17, 2026: prices down.
Based on 1,806 sales from Jul 17 – Oct 15, 2026 (1,429 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 198 Springbank Dr #92
How much is 198 Springbank Dr #92 listed for?
198 Springbank Dr #92 is listed at $164,900 (MLS® X13706574). Summitly updates the price as soon as the MLS® record changes.
Is $164,900 a good price for 198 Springbank Dr #92?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in London. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 198 Springbank Dr #92 changed?
Yes — it was first listed at $179,900 and is now $164,900, a drop of $15,000 (8.3%).
How many bedrooms and bathrooms does 198 Springbank Dr #92 have?
198 Springbank Dr #92 has 2 bedrooms and 1 bathroom, with about 700 square feet of living space. It is a mobile home in London.
How much would the monthly mortgage be on 198 Springbank Dr #92?
About $810 a month — principal and interest on $164,900 with 20% down ($32,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 198 Springbank Dr #92 compare with other homes in London?
Its asking price of $164,900 is about 71% below the median sold price in London over the last 90 days, $560,000, across 1,806 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 198 Springbank Dr #92 been sold before?
Summitly has no earlier MLS® sale or lease of 198 Springbank Dr #92 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 198 Springbank Dr #92?
198 Springbank Dr #92 is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 198 Springbank Dr #92 been on the market?
52 days — 198 Springbank Dr #92 was listed on August 24, 2026.
What is the price per square foot of 198 Springbank Dr #92?
About $236 per square foot: the asking price of $164,900 over the 700 sq ft the listing gives.
Does 198 Springbank Dr #92 have parking or a garage?
Yes — the listing gives 2 parking spaces.
Does 198 Springbank Dr #92 have a basement, and is it finished?
The listing says 198 Springbank Dr #92 has no basement.
