$3,250,000 - 1577 Gloucester Road, London North
Detached for Sale in London North
108 days on market- MLS Number
- X12826516
- Property Type
- Detached
- Status
- active
- Days on Site
- 108
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- London North
- Listing Brokerage
- THE AGENCY
Welcome to this extraordinary bungaloft, nestled on a private, wooded lot and offering the perfect balance of luxury, function, and architectural detail. The main level impresses with 12-foot ceilings, walnut flooring and high-end finishes throughout. Tray ceilings in the formal dining room, coffered ceilings in key living spaces, and solid core doors enhance the sense of quality and scale. Expansive transom windows and high baseboards add architectural charm and natural light throughout. The main floor principal bedroom offers a serene retreat with tray ceilings, garden doors leading to the rear yard, and a stunning ensuite featuring marble tile with inlay, a freestanding tub, a glass-enclosed shower, dual vanities, and a spacious walk-in closet with custom built-ins and dual access. The family room is warmed by a wood-burning fireplace, while the separate living room offers a cozy natural gas fireplace. Two separate mudrooms-one off the front foyer and one off the garage-add everyday practicality to the homes thoughtful layout. The kitchen features premium Wolf appliances, a farmhouse sink, pot filler, and a large island with seating. The adjacent servery includes a fridge, wall oven, microwave, and a secondary sink-ideal for hosting. Upstairs, the loft provides a versatile living area, two generously sized bedrooms, and a beautifully finished main bath with a double vanity, freestanding tub, glass shower, and elegant tile inlay flooring. The lower level adds versatility with two additional bedrooms and rough-in. A walk-up to the triple car garage enhances convenience and supports multi-generational living. Outside, enjoy a private, two-tiered backyard oasis with a covered rear porch, perfect for relaxing or entertaining. The expansive driveway offers parking for up to eight vehicles, in addition to the spacious triple car garage with built-in storage, completing this exceptional property.
Estimate your monthly payments for this property
Estimated Payment
$14,375.85/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.
1577 Gloucester 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
Fair Market Value
At $929/sqft, this property is priced in line with current London North market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 108 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 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.