$1,499,000 - 1429 MEDWAY PARK Drive, London North
Detached for Sale in London North
109 days on market- MLS Number
- X12751594
- Property Type
- Detached
- Status
- active
- Days on Site
- 109
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- London North
- Parking
- 2.00 Garage
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Welcome to 1429 Medway Park Drive a rare opportunity to own a custom-built luxury residence in the highly sought-after Creekview community of Northwest London. Situated on a premium pie-shaped walkout lot, this home offers unobstructed pond and serene ravine views, with no neighbouring house on one side, providing both privacy and scenic beauty. This designer home boasts approximately 3,800 sq ft of exquisite living space, finished with many upgrades that blend elegance and functionality. As you enter the grand 18-foot foyer, you are greeted by refined details like smart blinds throughout, LED stair lighting, and a statement 80-inch Dimplex steam fireplace in the open-concept living room. The heart of the home is the gourmet kitchen, featuring ceiling-height modern cabinetry, granite countertops, under-cabinet lighting, a stylish backsplash, and an oversized pantry all opening onto a spacious living area with rich engineered hardwood floors and floor-to-ceiling windows overlooking the picturesque pond. From here, step out onto the wraparound deck with glass railings a perfect outdoor sanctuary for morning coffee or sunset entertaining. Upstairs, you will find four spacious bedrooms, including a luxurious primary retreat with breathtaking pond views, custom built-ins in the walk-in closet, and a spa-inspired ensuite with in-floor heating, a double vanity, tiled shower, and soaking tub. A junior suite with private ensuite, additional full bath, and a sunny home office/lounge with balcony access complete the upper level.The fully finished walkout basement extends the homes versatility, offering a fifth bedroom, large recreation space, cold bar, full bath, oversized cold room, and private access for potential in-law or income suite flexibility. This home is ideally located close to Western University, University Hospital, shopping, and top-rated schools, making it the perfect blend of luxury, lifestyle, and location.
Estimate your monthly payments for this property
Estimated Payment
$6,630.58/mo
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.
1429 MEDWAY PARK Drive, 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 $600/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 109 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 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 $6,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.