$1,299,000 - 1034 Melsetter Way, London North
Detached for Sale in London North
- MLS Number
- X13150700
- Property Type
- Detached
- Status
- active
- Days on Site
- 30
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- London North
- Lot Size
- 5,866 sqft
- Listing Brokerage
- CENTURY 21 PEOPLE`S CHOICE REALTY INC.
1) Location - Nestled on a quiet crescent in sought-after Sunningdale Commons, this home backs onto a park and playground and is just minutes from shopping, top-rated schools, transit, and top scenic walking trails. 2) Thoughtful Design - This custom-built executive residence offers a grand two-storey foyer and an exceptional layout including each bedroom with its own walk-in closets. The main floor features a private office, formal dining room, spacious mudroom with laundry, and an open concept living area with a chef-inspired kitchen complete with a large island, pantry, and high-end finishes, flowing into a cozy family room with fireplace. The fully finished lower level includes a large recreation room, 5th bedroom, full bath, wet bar, and space for a home gym. Upstairs, you'll find four generously sized bedrooms, including a convenient Jack-and-Jill bath. 3) Primary Retreat - The luxurious primary suite is a true escape, featuring its own open fireplace, an oversized walk-in closet, and a spa-like ensuite with a soaker tub and glass shower. 4) Quality Finishes & Upgrades - From the bright, soaring entryway to the refined details throughout, this home showcases premium craftsmanship. Highlights include a coffered ceiling, custom built-ins, Hunter Douglas window coverings, hardwood flooring, crown moulding, designer lighting, and a gourmet kitchen with quartz countertops, ceiling-height cabinetry, and top tier appliances. Steps away to a covered deck overlooking a beautifully landscaped, fully tier appliances. Steps away to a covered deck overlooking a beautifully landscaped, fully tier fenced backyard. 5) Triple Tandem Garage - A rare and versatile feature offering ample space for parking, storage, or a workshop, with convenient interior access and a rear door to the yard. The exposed aggregate driveway adds impressive curb appeal and leads to a walkway into the backyard.
Estimate your monthly payments for this property
Estimated Payment
$5,745.92/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover London North
London North is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in London North
- •Convenient location in London North
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
London North offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1034 Melsetter Way, London North
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $520/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 30 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in London North are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in London North.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: London North properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.