$989,800 - 1119 Waterwheel Road, London North
Detached for Sale in London North
60 days on market- MLS Number
- X13018734
- Property Type
- Detached
- Status
- active
- Days on Site
- 60
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London North
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
To Be Built. The best time to take advantage of all incentives available to new-home buyers is right now, and this limited detached offering from Royal Premier Homes brings that opportunity to one of North London's most desirable pockets. Set within the sought-after Forest Hill community and an excellent school zone, this residence combines quality construction with flexible, contemporary design. The4-bedroom, 3.5-bath layout can be tailored with premium finishes-an expansive kitchen with pantry, quartz surfaces throughout, soft-close cabinetry, an electric fireplace, and striking colour-key windows that flood the home with natural light. Thoughtful details such as rounded corners, double-door entry, an insulated garage door, and a concrete driveway elevate both comfort and durability. A separate side entry provides direct access to the lower level, where multiple configuration options allow you to create a private suite, additional living space, or a future income opportunity. With flexible deposit structures and the ability to move in before winter, buyers can shape a home that truly fits their lifestyle. Renderings are conceptual and may show upgraded features. All of this is positioned moments from every lifestyle amenity-schools, shopping, dining, parks, transit, entertainment, and more-making it an exceptional time and place to invest in new construction.
Estimate your monthly payments for this property
Estimated Payment
$5,078.19/mo
Includes CMHC insurance ($27,615)
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.
1119 Waterwheel Road, 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 $495/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 60 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London North. Good resale value as demand remains consistent.
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 $4,124 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.