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Now Selling Assignment Friendly

Springbank Lux Condos

By AvranceCorp Development

West London / Springbank, London, Ontario
Condo
Occupancy: 2027
1 - 3 Beds
650 - 1,450 sq ft sqft

Starting from

$679,990

StatusNow Selling
TypeCondo
From$679,990
Storeys9 floors
Units186
Beds1 - 3
Baths1 - 2
Size650 - 1,450 sq ft sqft
Completion2027

Overview

Project Details

City
London
Province
Ontario
Architect
Cornerstone Architecture Inc.
Building type
Condo
Status
Now Selling
Storeys
9 storeys
Total homes
186
Beds
1 - 3
Baths
1 - 2
SqFt
650 - 1,450 sq ft sqft
Parking cost
$35,000
Storage cost
$5,000
Maint/sqft
$0.52/sq ft/month
Avg price/sqft
$743
Estimated completion
2027
Deposit structure
5% first deposit, 3% second deposit, 13% third deposit
Assignment policy
Assignment Friendly
Appreciation forecast
5%/yr

Springbank Lux Condos is a contemporary residential development brought to life by the reputable builder, AvranceCorp Development. Situated in the city of London, Ontario, this condominium project focuses on modern architectural design and high-quality construction. The building features an impressive suite of amenities tailored to suit a balanced lifestyle, including a sprawling rooftop terrace that offers panoramic views of the surrounding area. Residents also gain access to a fully-equipped fitness studio, an executive co-working lounge for remote work, and a sophisticated party room paired with a private dining suite. Secure underground parking is provided for all residents, ensuring convenience and peace of mind within this new residential community. Units at Springbank Lux Condos start from $524990, with various floor plans designed to accommodate diverse lifestyle needs. Construction is slated for completion in 2027, with the project currently open for sales. The location provides easy access to local transit routes and is positioned near the established infrastructure of London, Ontario. Investing in this development offers a chance to secure a new build property in a growing market with proximity to daily essentials and transit connections. The combination of competitive pricing, modern building amenities, and a strategic location makes this an appealing choice for prospective homeowners and investors looking to enter the London real estate market before the scheduled occupancy date.

#PreConstruction#NewCondos#LondonCondos#LondonRealEstate#OntarioRealEstate

Pricing and Fees

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The Brookside

1 Bed 1 Bath 650-710 sqft

From

An efficient open-concept layout perfect for young professionals, featuring a private balcony and premium finishes.

The Springbank Vista

1 Bed 1 Bath 720-780 sqft

From

Spacious one-bedroom suite with a dedicated den area, ideal for a home office, and floor-to-ceiling windows.

The Forest Hill

2 Bed 2 Bath 900-980 sqft

From

A well-balanced two-bedroom design with split bedrooms for maximum privacy and a large kitchen island.

The Riverview Corner

2 Bed 2 Bath 1050-1150 sqft

From

Corner suite with stunning panoramic views, expansive living area, and a wrap-around balcony.

The Terrace Collection

2 Bed 2 Bath 1200-1280 sqft

From

Luxury two-bedroom unit featuring high ceilings and an oversized outdoor terrace perfect for entertaining.

The Grand Penthouse

3 Bed 2.5 Bath 1350-1450 sqft

From

Expansive three-bedroom family home featuring a chef's kitchen, master walk-in closet, and premium corner exposure.

AI-generated floor plan estimates. Contact us for official floor plans and pricing.

Amenities

Rooftop terrace with panoramic views
Fully-equipped fitness studio
Executive co-working lounge
Party room and private dining suite
Underground secure parking

Neighbourhood

58Walk
45Transit
68Bike

About the Neighbourhood

Directly adjacent to London's expansive Springbank Park and Storybook Gardens, with convenient connections to Downtown London and Highway 401/402 corridors.

Leaflet © OpenStreetMap contributors
464 Springbank Drive, London, ON N6J 1G8

Contact sales center

Request additional information including price lists and floor plans.

Investment Analysis

Investment Analysis

AI-scored using verified market signals

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88
OUT OF 100
Excellent opportunity

Strong fundamentals across location, rental economics and growth outlook.

Est. monthly rent

$2,100–$3,200

5-yr appreciation

+5%

Starting from

$679,990

Price per sq ft

$743

How this score is calculated
Walkability58/100 Walk Score
Transit access45/100 Transit Score
Cycling68/100 Bike Score
Rental yield potential3.71% gross yield
Appreciation outlook+5%/yr forecast

The AI Investment Score blends the verified signals above — location scores, rental economics and appreciation outlook — with how strongly the project was corroborated across independent sources. It is a research aid, not financial advice.

Rental Yield Calculator

Estimate cash flow & returns for this unit

Purchase & Financing

Purchase Price$679,990
$300,000$3,000,000
Down Payment35%
5%50%
Mortgage Rate4.5%
2.0%10.0%
Amortization30 yrs
10 yrs30 yrs

Rental Income

Monthly Rent$3,800
$1,000$8,000
Vacancy Rate3%
0%15%

Monthly Summary

Monthly Cash Flow

+$202

Positive cash flow / month

Gross Yield

6.50%

Net Yield

4.31%

Monthly Breakdown

Effective Rent+$3,686
Mortgage Payment-$2,240
Condo / Strata Fee-$600
Property Tax-$350
Mgmt Fee-$295
Net Cash Flow+$202

* Estimates only. Consult a financial advisor before investing. Figures exclude insurance, repairs, and capital improvements.

Mortgage Calculator

Estimate your payment

Loan Details

$679,990
20% ($135,998)
5.25%
25 years

Payment Frequency

Monthly Payment

$3,260

Principal & interest

Mortgage Amount

$543,992

Total Cost

$977,958

* Estimates only, for illustration. Excludes taxes, insurance and fees. Confirm rates with your lender.

Closing Cost Estimator

Taxes calculated for Ontario · London
$679,990
20%
Land Transfer Tax (Ontario)$10,075

Ontario land transfer tax

Legal Fees$1,500
Title Insurance$400
Home Inspection$500
Total Closing Costs$12,475

Investment Return Estimator

$679,990
20%
5%
$2,100
5 yrs
Down Payment$135,998
Property Value in 5 yrs$867,859
Total Rental Income (net)$74,000
Estimated Profit$218,476
ROI on Down Payment161%

Frequently Asked Questions

Units at Springbank Lux Condos start from $492,990. Pricing may vary based on the specific unit floor plan and features.

Still have a question about Springbank Lux Condos?

Illustrative estimates only — not financial, tax or investment advice. The investment score, rental yield projections, appreciation forecasts, closing-cost and mortgage figures presented in this section are computer-generated estimates produced for demonstration purposes. They do not constitute an appraisal, a formal opinion of value, a mortgage pre-approval, or any form of financial, tax or legal advice, and they must not be relied upon when making a purchase decision. Actual costs, taxes, financing terms and returns will vary with the applicable jurisdiction, lender criteria, market conditions and individual circumstances. CondoGuru.ca and its affiliates make no representation or warranty as to the accuracy or completeness of these figures and expressly disclaim all liability for any loss or damage arising from reliance upon them. Prospective purchasers should independently verify all amounts with the developer's sales team, a licensed mortgage professional, and a qualified legal or tax advisor.

Developer Profile

Developer Profile

AvranceCorp Development logo

AvranceCorp Development

London, Ontario, Canada

AvranceCorp Development is a dynamic real estate development and investment company specializing in boutique multi-residential and luxury condominium projects across Southwestern Ontario.

Projects

1

View Full Profile

Other Projects by This Developer

No other projects found.

Last updated: November 7, 2026

Disclaimer: CondoGuru.ca provides information on new construction homes and condos from various sources, including builders, manual research, third-party sources, and public data. While we strive for accuracy, all information is for reference only. We are not responsible for any use or misuse of the content on our site. Prices, sizes, specifications, and promotions are subject to change by the builder without notice. Renderings are artist's concepts. E.&O.E.

From$679,990