$545,000 - 1040 Coronation Drive Unit 61, London North
Condo for Sale in London North
44 days on market- MLS Number
- X13091910
- Property Type
- Condo
- Status
- active
- Days on Site
- 44
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Welcome to Northcliffe Towns in desirable Hyde Park! This stylish END-UNIT townhome offers 3 bedrooms, 2.5 bathrooms, and modern finishes throughout. New laminate flooring on upper level (2026), new carpet on the stairs (2026), and fresh paint, this vacant home is move-in ready with quick possession available. Step inside from the tandem 2-car garage into the foyer with heated tile floors. The spacious open-concept main living area offers plenty of natural light and a layout designed for comfortable living and entertaining. The kitchen showcases quartz countertops, stainless steel appliances, a glass backsplash, centre island with breakfast bar seating, and plenty of cabinetry. The spacious living and dining area includes custom built-in storage and walk-out access to a private balcony overlooking green space. A powder room and built-in office space complete this level. Upstairs, you'll find 3 bedrooms, 2 full bathrooms, and convenient upper-level laundry. The primary suite features a walk-in closet and a beautifully finished ensuite with heated floors and glass shower. Two additional bedrooms and a full bathroom complete the upper level. Located in one of North London's most sought-after communities, just minutes to Hyde Park shopping, restaurants, parks, trails, Western University, University Hospital, and many amenities. Within the school boundaries for Wilfrid Jury Public School, Sir Frederick Banting Secondary School, St. Paul Catholic School, and St. André Bessette Catholic Secondary School. Some photos are virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$2,796.13/mo
Includes CMHC insurance ($15,206)
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.
1040 Coronation Drive Unit 61, 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 $389/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 44 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 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 $2,271 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.