$829,000 - 1433 FANSHAWE PARK Road, London North
Detached for Sale in London North
52 days on market- MLS Number
- X13053548
- Property Type
- Detached
- Status
- active
- Days on Site
- 52
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London North
- Listing Brokerage
- ROYAL LEPAGE FLOWER CITY REALTY
Welcome to 1433 Fanshawe Park Rd E in the heart of London-a rare income-generating opportunity in a prime location! This spacious home features 2+1 bedrooms with walkout basement, offering incredible flexibility for multi-generational living or rental potential. The fully finished basement with separate entrance makes it ideal for a secondary unit setup or student rental. Enjoy a functional layout with bright living spaces, generously sized bedrooms, and plenty of room for tenants or extended family. They have big driveway to enter and exit plus additional parking adds even more value for multiple occupants. Step outside to a peaceful backyard backing onto a scenic pond, providing privacy and a beautiful natural setting-something rarely found in the city !Located directly on Fanshawe Park Road East with a bus stop right at your doorstep, this property offers unbeatable convenience-especially for students and commuters. Just minutes to Fanshawe College, shopping, parks, and all major amenities. Rare .75 acres comer site at Major Intersection (Highbury Ave N & Fanshawe Park Rd E) within a Primary Transit area. Surrounding lands have been recently rezoning from low density R1 to higher density residential(R5/R6/R8), supporting stacked townhomes, mid rise, and the apartment developments. Located in a rapidly intensifying corridor aligned with the City's growth and density objectives, offering excellent long term redevelopment potential for builders and Developers (subject to municipal approvals)
Estimate your monthly payments for this property
Estimated Payment
$4,253.20/mo
Includes CMHC insurance ($23,129)
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.
1433 FANSHAWE PARK 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
Premium Pricing
At $1184/sqft, this property is priced above the London North average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 52 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.
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 $3,454 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.