$665,000 - 140 McGarrell Drive Unit 14, London North
Condo for Sale in London North
32 days on market- MLS Number
- X13140510
- Property Type
- Condo
- Status
- active
- Days on Site
- 32
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
Welcome to Villa Ridge on Richmond Hill, a small enclave of one floor Sifton built luxury condos. Condos like these rarely come up, tucked away in a quiet cul de sac location. Ceramic tiled foyer leads to a bright open dining area and living room with an abundance of natural light from the wall of windows, 9 foot ceilings with crown moulding and cozy corner gas fireplace with ceramic surround. The large updated kitchen features all stainless steel appliances, ceramic backsplash, quartz countertop with bonus bright eating area. Easy access to living room and connected to the 3 season enclosed sunroom adding additional living space with bonus electric retractable awning. Spacious principal bedroom with 3 piece ensuite, shower surround and walk in closet. Large second main floor bedroom or den offers lots of natural sunlight. Additional 4 piece bathroom. All 3 toilets replaced with raised low flush toilets. Convenient main floor laundry and inside entry to large 2 car garage. Lower level features additional spacious finished family room, 3 piece bathroom, optional bedroom, office or den. Extra laundry sink and unspoiled storage area/utility room. Bonus California Shutters on main level. Double wide and deep driveway, parking for 4 cars in total, visitors spots also available nearby. Great North London location just minutes to many local amenities. University Hospital, London Health Science Centre, Western University, Masonville Place, Grocery stores, restaurants, parks, and lots of local shopping. Don't miss out on this opportunity to live in a quiet exclusive enclave in desirable North London.
Estimate your monthly payments for this property
Estimated Payment
$3,411.79/mo
Includes CMHC insurance ($18,554)
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.
140 McGarrell Drive Unit 14, 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 $554/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 32 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 $2,771 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.