$764,900 - 1040 Riverside Drive Unit 68, London North
Condo for Sale in London North
- MLS Number
- X13226918
- Property Type
- Condo
- Status
- active
- Days on Site
- 17
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,800 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- RE/MAX CENTRE CITY REALTY INC.
Welcome to Hazel Lanes, a premier luxury community nestled within one of London's most prestigious condominium communities. Bordered by the picturesque Thames Valley Golf Course, this enclave of detached homes enjoys an enviable location just steps from the Thames River and Springbank park. This floor plan offers 2 plus one bedrooms with 3 full bathrooms and a den (or sitting room) off the large foyer. Separate dining area and a eat in kitchen with sliding doors off to deck. The great room has a gas fireplace. The kitchen has lots of cabinetry and counterspace with 2 pantries. The master bedroom has a gas fireplace, 4 piece ensuite including soaker tub and walk in closet. The main floor has 9 foot ceilings throughout with crown mouldings in great room, dining room, kitchen, foyer and hallways. Hardwood flooring in foyer, dining area and hallways. The lower level offers a bedroom with double closets, 3 piece bathroom and lots of room for storage or large area to finish a lower family room. Main floor laundry with extra closet and laundry sink. The double car garage with inside entry also has 2 open parking spots with lots of visitor parking. This complex also has a large outdoor saltwater pool for summer enjoyment!
Estimate your monthly payments for this property
Estimated Payment
$3,924.33/mo
Includes CMHC insurance ($21,341)
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 68, 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 $425/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 17 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 $3,187 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.