Looking for just the right home to get into the market, This outstanding end-unit townhouse offers a great floorplan and a location that's close to everything, including Western and University Hospital, downtown, Costco, and all the services in the Wonderland Road corridor. The main level provides great sightlines, hardwood flooring throughout, and lots of light (an end-unit bonus). Conversations and people will flow easily from the nice-sized living room anchored by a gas fireplace with traditional mantel under a leaded glass window to a kitchen that offers lots of workspace and storage and a generous dining area. There's also walkout access to a rear deck, providing a treed, private corner of the complex for you to enjoy. Upstairs offers three bedrooms, including a primary with updated 3 pc ensuite and a walk-in closet. The bonus loft makes a great family room, with the option to wall-in for another bedroom for even more flexibility. There's a full 4 pc main bath here as well to complement the powder room on the main. The double-length driveway is rare in the complex and can fit two vehicles outside the single garage. This is a great community with a lively cross-section of residents, from families, professionals, students, to retirees with close proximity to parks, trails, shopping, restaurants, and day-to-day essentials. Whether for yourself or your future tenants, this is a great opportunity in an ideal location!
3 bedrooms, 2 bathrooms, about 1,200 sq ft, works out to roughly $421 per square foot. Chat with Zara if you'd like a deeper read on whether this condo townhouse fits your budget and timing.
Inside 505 Proudfoot Lane #1
Every detail from the listing, in one place.
Type
Condo Townhouse
Style
2-Storey
Living space
1200-1399 sq ftas stated on the listing
Parking
2 spacesYes garage
Basement
Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Condo Townhouse
505 Proudfoot Lane #1 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
$2,480
/mo
based on the purchase price of $504,900
$100,980 cash
$403,920 financed
$340,207 total interest
Principal54%$403,920
Interest46%$340,207
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 2–3 bed homes for sale in London around $505K.
Average days on market39Homes sold in about 39 days on average.
Sale-to-list ratio97.1%On average, homes sold below asking.
Active listings2,341Homes for sale here right now.
Median vs prior 90 days−1.8%Compared with May 18 – Aug 16, 2026: prices down.
Based on 1,705 sales from Aug 16 – Nov 14, 2026 (1,530 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 505 Proudfoot Lane #1
How much is 505 Proudfoot Lane #1 listed for?
505 Proudfoot Lane #1 is listed at $504,900 (MLS® X13807068). Summitly updates the price as soon as the MLS® record changes.
Is $504,900 a good price for 505 Proudfoot Lane #1?
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 505 Proudfoot Lane #1 changed?
Yes — it was first listed at $519,900 and is now $504,900, a drop of $15,000 (2.9%).
How many bedrooms and bathrooms does 505 Proudfoot Lane #1 have?
505 Proudfoot Lane #1 has 3 bedrooms and 2 bathrooms, with about 1,200–1,399 square feet of living space. It is a condo townhouse in London.
How much would the monthly mortgage be on 505 Proudfoot Lane #1?
About $2,480 a month — principal and interest on $504,900 with 20% down ($100,980), 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 505 Proudfoot Lane #1 compare with other homes in London?
Its asking price of $504,900 is about 9% below the median sold price in London over the last 90 days, $555,000, across 1,705 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 505 Proudfoot Lane #1 been sold before?
Summitly has no earlier MLS® sale or lease of 505 Proudfoot Lane #1 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 505 Proudfoot Lane #1?
505 Proudfoot Lane #1 is in London, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 505 Proudfoot Lane #1 been on the market?
55 days — 505 Proudfoot Lane #1 was listed on September 20, 2026.
What is the price per square foot of 505 Proudfoot Lane #1?
About $361 to $421 per square foot: the asking price of $504,900 over the 1,200–1,399 sq ft the listing gives as its size range.
Does 505 Proudfoot Lane #1 have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
Does 505 Proudfoot Lane #1 have a basement, and is it finished?
The listing describes the basement as: Unfinished.
