$1,579,900 - 1521 Medway Park Drive, London North
Detached for Sale in London North
53 days on market- MLS Number
- X12873874
- Property Type
- Detached
- Status
- active
- Days on Site
- 53
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- London North
- Listing Brokerage
- NU-VISTA PINNACLE REALTY BROKERAGE INC
Experience luxury living in this stunning home offering 3,840 sq. ft. above grade plus a 1,356 sq. ft. finished walkout basement, beautifully backing onto a serene pond. The main level features 10 ft ceilings, while the second floor offers 9 ft ceilings, creating an open and elegant feel throughout. The home showcases a designer limestone fireplace surround, commercial-size appliances, built-in speakers, and a private office.Enjoy the comfort of heated floors in all bathrooms, the mudroom, and laundry areas, adding warmth and convenience throughout the home.The second level offers 4 spacious bedrooms, each with its own ensuite, including a luxurious primary retreat featuring a large custom built-in closet and an oversized spa-inspired ensuite. The laundry room includes custom built-ins for added functionality and organization.Step outside to a half-covered, half-sun deck overlooking the pond, perfect for relaxing or entertaining while enjoying the peaceful views.The walkout basement offers a fully functional in-law suite complete with a separate kitchen, bedroom, additional room, and its own laundry, providing excellent flexibility for extended family living or multi-generational use.A rare opportunity to own a beautifully designed home combining luxury finishes, exceptional space, and breathtaking pond views.
Estimate your monthly payments for this property
Estimated Payment
$6,988.43/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.
1521 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 $451/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 53 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.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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 6 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.