$949,900 - 1040 Riverside Drive Unit 24, London North
Condo for Sale in London North
New — Listed 4 days ago- MLS Number
- X13443796
- Property Type
- Condo
- Status
- active
- Days on Site
- 4
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,800 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
Welcome to Hazel Lanes, one of London's most coveted condominium communities, where privacy, natural beauty, and an exceptional lifestyle come together. Backing directly onto Thames Valley Golf Course, this detached condominium offers over 1,935 square feet on the main level and enjoys a rarely available setting with beautiful south-facing views of mature trees and rolling fairways.Filled with natural light, the well-designed floor plan features generous principal rooms, including a welcoming living room with a gas fireplace and elegant dining area. The spacious eat-in kitchen offers abundant cabinetry and workspace, providing an excellent opportunity for future updates. The lounge is surrounded by three walls of windows and features patio doors leading to a private deck with a retractable awning, the perfect place to enjoy the peaceful surroundings.The oversized primary suite takes full advantage of the scenic outlook with a bay window, walk-in closet, and ensuite featuring a jetted tub and separate shower. A second main-floor bedroom also features a bay window, while a full bathroom and convenient laundry area complete the level. New skylights and 9-foot ceilings enhance the bright, open feel throughout.The finished lower level offers a large recreation room, third bedroom, full bathroom, and excellent storage space.While the residence would benefit from cosmetic updating, it presents a rare opportunity to create a personalized home in a highly desirable enclave. Additional highlights include a double-car garage with inside entry and an exceptionally private location.Residents enjoy access to a heated saltwater pool, beautifully maintained grounds, and walking and cycling trails along the Thames River and Springbank Park. Hyde Park shopping, dining, and everyday amenities are nearby, with downtown London just minutes away.A rare offering combining space, privacy, remarkable views, and outstanding potential in one of London's most desirable communities.
Estimate your monthly payments for this property
Estimated Payment
$4,873.48/mo
Includes CMHC insurance ($26,502)
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 24, 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 $528/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.
Just Listed - Act Strategically
This property hit the market within the last week. In London North's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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 $3,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.