Condos for Rent in South V, London, ON

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Neighbourhood in London

South V

family-friendly community-oriented suburban

South V is a vibrant neighbourhood in London, Ontario. It offers a mix of residential homes and amenities for families and individuals.

Median home price: $895,450 Median rent price: $2,513 Strong schools with an average rating of 7 Diverse community with 26% immigrants Many parks and playgrounds for recreation
South V, London — HOMEH neighbourhood guide

London, Ontario

© Mapbox © OpenStreetMap

At a glance

Day to dayLivability

7

Schools near listings

out of 10 · averaged over 1,431 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

$895,450

49% above London 25% above Ontario

In South V

$895,450

In London

$599,900

In Ontario

$714,900

Median monthly rent

$2,513/mo

14% above London 1% above Ontario

In South V

$2,513

In London

$2,200

In Ontario

$2,500

$473

Per square foot

≈ 29.7 years

Of rent to match the purchase price

On the marketMarket snapshot

For sale

200

Median $895,450

Houses 180 · Condos 20

For rent

20

Median $2,513

Condos 11 · Houses 9

Recently sold

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Recently leased

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Market data as of 2026-10-18. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

  • Good schools for children
  • Family-friendly environment
  • Access to parks and recreational areas
  • Strong sense of community
  • Majority of homes are owner-occupied

Keep in mind

  • Prices are above the city median
  • Limited public transit options
  • Higher rental strain for tenants

The feel of the placeLifestyle

Daily life in South V is relaxed and community-focused, with plenty of outdoor spaces. Residents enjoy a suburban feel with access to local shops and schools.

Great for families first-time buyers young professionals

Within the boundaryWhat's nearby

The boundary

32.1 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

22

Parks

17

Playgrounds

4

Grocery stores

12

Restaurants

6

Cafés

7

Gyms

2

Libraries

6

Pharmacies

Counted across all 32.1 km² of South V. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

6.7/10

Average rating of the 3 rated schools in this area

5

Elementary

  • Lambeth Public School

    Public · Grades JK–8 · Thames Valley DSB

    8.0/107.5 over 5 yrs

    337th of 3,045 Ontario elementary schools

    800 students · EQAO 2024-2025

  • Westmount Public School

    Public · Grades JK–8 · Thames Valley DSB

    6.3/105.9 over 5 yrs

    1,366th of 3,045 Ontario elementary schools

    670 students · EQAO 2024-2025

  • École élémentaire La Pommeraie

    Public · French · Grades JK–6 · Conseil scolaire Viamonde

    5.7/106.0 over 5 yrs

    1,807th of 3,045 Ontario elementary schools

    405 students · EQAO 2024-2025

  • St. Rose of Lima Separate School

    Catholic · London District Catholic School Board

    Not rated

  • White Pine Public School

    Public · Grades K–8 · Thames Valley DSB

    Not rated

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside South V, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

32,149

Population (2021)

52.9 km²

Area

608

People per km²

40.1

Median age

$114,980

Median income

71%

Own their home

2.8

People per household

11,335

Households

Every age

  • Children (under 15)20.1%
  • Working age (15–64)62.5%
  • Seniors (65+)17.4%

What is built here

  • Detached houses66.2%
  • Townhouses11.8%
  • Duplexes0.6%
  • Low-rise apartments2.1%
  • High-rise apartments18.9%

Own or rent

71%Owners

28%Renters

Across 11,335 households

When it was built

Mostly 1961–1980

  • 1960 or earlier6%
  • 1961–198022%
  • 1981–199015%
  • 1991–20006%
  • 2001–20059%
  • 2006–201012%
  • 2011–201513%
  • 2016–202116%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

26%
Born outside Canada
32.8%
Hold a degree or higher
56.9%
Employment rate
2.2%
Commute by transit
91.8%
Commute by car
2
Children per family
$98,238
Median income after tax
$134,489
Average household income
7.2%
Living on a low income
$1,631/mo
Renters pay, per month
$1,688/mo
Owners pay, per month
$702,543
Median home value at census
39.3%
Renters spending 30%+ of income on housing
14.5%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 29 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, Photo: © Mapbox © OpenStreetMap