$869,000 - 11 Runnymede Crescent, London North
Detached for Sale in London North
- MLS Number
- X13156230
- Property Type
- Detached
- Status
- active
- Days on Site
- 29
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London North
- Lot Size
- 7,416 sqft
- Listing Brokerage
- NU-VISTA PINNACLE REALTY BROKERAGE INC
Welcome to this exceptional 2-storey detached home located in the highly desirable Sherwood Forest neighborhood of London, Ontario. Boasting 4+1 bedrooms and 3+2 bathrooms, this property is designed for both elegant entertaining and comfortable family living. The main level features a cozy slate surrounded gas fireplace in the family room, premium quartz and granite countertops, and a highly convenient main floor laundry room. The sophistication extends upstairs, where you will find four well-appointed bedrooms, highlighted by a master suite with it's own 3 piece ensuite, and a secondary bedroom with impressive custom built-ins. The lower level is equally impressive. Designed for both luxury and comfort, this fully finished basement serves as a versatile space featuring a spacious bedroom complete with its own private walk-in closet and 3-piece ensuite. This dynamic area also includes a functional kitchenette, an additional downstairs powder room, and highly sought-after walk-up external access for ultimate privacy and independent entry. Step outside into an outdoor paradise situated on an incredible pie-shaped, fully fenced back yard that expands to a maximum width of 81 feet, offering seemingly endless space for outdoor activities. No matter your outdoor adventures, this gorgeous greenspace features an expansive back patio and deck, a private hot tub, organic fruit trees, a charming cedar greenhouse, and a cedar U-shaped raised garden bed ready for your all your gardening dreams. All while leaving a substantial open yard perfect for children and pets. Complete peace of mind is built-in with recent mechanical updates, including a new sump pump (2023), updated attic insulation (2024), and a new water softener and reverse osmosis filtration system (2024). This property is a must see, representing a rare, turn-key opportunity to own a home with premium upgrades in a mature, tree-lined neighborhood.
Estimate your monthly payments for this property
Estimated Payment
$4,458.42/mo
Includes CMHC insurance ($24,245)
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.
11 Runnymede Crescent, 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 $579/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 29 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.
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 5 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 $3,621 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.