$984,900 - 1040 Riverside Drive Unit 15, London North
Condo for Sale in London North
42 days on market- MLS Number
- X13102856
- Property Type
- Condo
- Status
- active
- Days on Site
- 42
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- SUTTON GROUP PREFERRED REALTY INC.
HAZEL LANES is still the standard to which executive condo living should be. An exclusive enclave of detached condominiums backing onto the Thames Valley Golf Course and steps to walking trails. Unit 15 is wonderfully situated toward the back of the complex providing total privacy and avoiding Riverside street noise and also just steps to the complex heated salt water pool. This elegant but very practical floor plan consists of 2,207SF on the main and just less than 700SF of finished living space in the lower making it one of the largest floor plans in the complex. Both main floor bedrooms provide ensuite privileges and large walk in closets There is a main floor office/den with access to a cozy private courtyard- a great spot to enjoy a cigar. Extensively updated inside and out over just the past few years. The cedar shake roof was replaced in 2015 and since then has undergone a complete maintenance and cleaning followed by the shake being sealed 2025. Still outside, 400SF deck was fully replaced in 2025 from the footings on up by permit. Also in 2025 two exterior hose bibs were replaced and a gas line was added to the deck area for grilling. Between 2020 and 2025 further upgrades include: A fully renovated kitchen including new Pro series Kitchen Aide SS appliances, all new windows and doors (excluding dining room and primary ensuite), new Life Breath HRV system, owned hot water tank, new laundry room cabinetry and washer/dryer and added many LED pot lights throughout the main level. The primary ensuite recently underwent an extensive renovation and includes a lg walk in shower, a freestanding tub and db. vanity. Take note: owners within the complex have the option of bundling Rogers's cable and internet included in their condo fee of $640/monthly. Should they choose not to participate their condo fee would be $545monthly.If "Right Sizing" is something you've been considering for 2026 look no further than Unit 15 at Hazel Lanes.
Estimate your monthly payments for this property
Estimated Payment
$5,053.05/mo
Includes CMHC insurance ($27,479)
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 Riverside Drive Unit 15, 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 $492/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 42 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 $4,104 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.