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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

$524,990

StatusNow Selling
TypeCondo
From$524,990
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
$744
Estimated completion
2027
Deposit structure
$5,000 on signing, balance to 5% in 30 days, 5% in 90 days, 5% in 180 days
Assignment policy
Assignment Friendly
Appreciation forecast
5%/yr

Springbank Lux Condos represents a new residential development by AvranceCorp Development located in West London, Ontario. This project introduces a nine-storey condominium building to the Springbank community, featuring a total of 180 residences. The unit mix ranges from one to three bedrooms to accommodate diverse housing needs. Designed for modern living, the building includes a comprehensive suite of amenities such as a rooftop terrace with panoramic views, a fully-equipped fitness studio, an executive co-working lounge, a party room, a private dining suite, and underground secure parking. The scale of the development aims to integrate premium facility standards within this established area of London. The project is currently in the coming soon stage, establishing its position as a significant addition to the local housing supply. Potential purchasers can consider this development for its planned infrastructure and shared common areas designed to support a contemporary lifestyle. Prices for these units start from $492,990 CAD, with floor plans offering living spaces between 650 and 1,450 square feet. The developer has established a 15 percent deposit structure, requiring $5,000 on signing, followed by 5 percent in 30 days, 5 percent in 90 days, and the final 5 percent in 180 days. Occupancy is projected for 2026. Situated in the desirable West London and Springbank corridor, the location provides residents with access to local transit routes and neighbourhood services. As London continues to experience demographic growth and economic expansion, this development offers a long-term opportunity for those looking to invest in the city's evolving real estate landscape.

#PreConstruction#NewCondos#LondonCondos#LondonRealEstate#OntarioRealEstate

Pricing and Fees

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The Willow

1 Bed 1 Bath 650-710 sqft

From

Efficient open-concept layout featuring a private balcony and premium quartz kitchen island.

The Thames View

1 Bed 1 Bath 725-780 sqft

From

Spacious one-bedroom plus den layout ideal for a home office, with floor-to-ceiling windows overlooking Springbank Park.

The Oakridge

2 Bed 2 Bath 920-985 sqft

From

Split-bedroom floor plan for maximum privacy, featuring a primary suite with a walk-in closet and spa-inspired ensuite.

The Sterling

2 Bed 2 Bath 1050-1125 sqft

From

Luxury corner unit with a wraparound terrace, generous dining area, and custom designer cabinetry.

The Grand Terrace

2 Bed 2 Bath 1150-1250 sqft

From

Expansive layout with upgraded finishes, kitchen pantry, and a massive 200 sq ft terrace for outdoor entertaining.

The Penthouse Collection

3 Bed 2 Bath 1350-1450 sqft

From

Top-floor signature suite featuring soaring 10-foot ceilings, premium integrated appliances, and panoramic views of the city skyline.

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

$524,990

Price per sq ft

$744

How this score is calculated
Walkability58/100 Walk Score
Transit access45/100 Transit Score
Cycling68/100 Bike Score
Rental yield potential4.80% 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$524,990
$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$2,950
$1,000$8,000
Vacancy Rate3%
0%15%

Monthly Summary

Monthly Cash Flow

-$46

Negative cash flow / month

Gross Yield

6.54%

Net Yield

3.85%

Monthly Breakdown

Effective Rent+$2,862
Mortgage Payment-$1,729
Condo / Strata Fee-$600
Property Tax-$350
Mgmt Fee-$229
Net Cash Flow-$46

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

Mortgage Calculator

Estimate your payment

Loan Details

$524,990
20% ($104,998)
5.25%
25 years

Payment Frequency

Monthly Payment

$2,517

Principal & interest

Mortgage Amount

$419,992

Total Cost

$755,038

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

Closing Cost Estimator

Taxes calculated for Ontario · London
$524,990
20%
Land Transfer Tax (Ontario)$6,975

Ontario land transfer tax

Legal Fees$1,500
Title Insurance$400
Home Inspection$500
Total Closing Costs$9,375

Investment Return Estimator

$524,990
20%
5%
$2,100
5 yrs
Down Payment$104,998
Property Value in 5 yrs$670,035
Total Rental Income (net)$77,875
Estimated Profit$189,419
ROI on Down Payment180%

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: October 13, 2026

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From$524,990