$999,900 - 1061 Eagletrace Drive Unit 164, London North
Detached for Sale in London North
70 days on market- MLS Number
- X12983938
- Property Type
- Detached
- Status
- active
- Days on Site
- 70
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- London North
- Listing Brokerage
- RE/MAX ADVANTAGE REALTY LTD.
A refined offering in one of North London's most distinguished enclaves. Welcome to 64-1061 Eagletrace Drive-an exceptional 5-year-old residence that pairs the ease of condominium living with the privacy and presence of a detached home. This fully finished 5 bedroom home with main floor office/den, suits so many lifestyles, whether a multi-generation or blended family, there is enough room for everyone. Set within a quiet, well-managed community, this is a rare opportunity to enjoy newer construction without compromise. Inside, the home unfolds with understated elegance. A bright, open-concept design is anchored by a well-appointed kitchen that flows seamlessly into the principal living space--ideal for both relaxed everyday living and more intimate entertaining. The 4 upper bedrooms are generous and the primary is a knockout with a beautiful 5 piece bath and thoughtfully designed walk-in closet big enough for your entire collection. Large windows draw in natural light, enhancing the clean lines and modern finishes throughout.The layout is nicely composed, offering comfortable, well-proportioned rooms and a sense of balance that speaks to both function and design. You'll enjoy the shady 245 sf covered deck on many a hot summer day and well into the evening. With its newer build, the home provides the added reassurance of modern construction, efficiency, and low ongoing maintenance. What truly distinguishes this property is the lifestyle it affords. Exterior upkeep is managed with care, allowing for a lock-and-leave lifestyle without sacrificing space or independence. Surrounded by golf, walking trails, and all of the conveniences of North London, this is a home that appeals to those seeking simplicity, quality, and a more effortless way of living. A quiet opportunity in a coveted setting.
Estimate your monthly payments for this property
Estimated Payment
$5,130.01/mo
Includes CMHC insurance ($27,897)
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.
1061 Eagletrace Drive Unit 164, 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 $400/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.
Negotiation Opportunity
At 70 days on site, this property has exceeded the typical selling timeline for London North. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 $4,166 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.