$739,900 - 1617 Shore Road Unit 1, London South
Condo for Sale in London South
44 days on market- MLS Number
- X13090574
- Property Type
- Condo
- Status
- active
- Days on Site
- 44
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- London South
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- SUTTON GROUP PREFERRED REALTY INC.
Quiet & Private one floor living, with 1+3 bedrooms and 2.5 bathrooms. Welcome to The Woods at Riverbend, an exclusive 11 home enclave backing onto protected woodlands. Great location for young professionals, and/or empty nesters. This well maintained, all-brick vacant land condo, (you own the land and home) offers approximately 2,763 sq. ft. of finished living space. Larger than it looks from the street view. Near bus routes, schools and shops. The bright and airy main floor features an open-concept layout with abundant natural light, custom shutters and blinds, cathedral ceilings, hardwood floors. Great room with gas fireplace leads to patio doors to an oversized rear deck overlooking serene wooded views-ideal for relaxing or entertaining. Double doors off the family room lead to a spacious primary bedroom complete with a walk-in closet and a private 3-piece ensuite. The kitchen is designed for function and features a large peninsula with granite countertops. Main floor office could be a bedroom if desired, (no closet) along with a convenient combined laundry and 2-piece bath (washer and dryer approximately 2 years old). The fully finished lower level (approx. 1,333 sq. ft.) expands your living space with three additional bedrooms, a 5-piece bathroom with double vanity, glass shower, and soaker tub. An additional bonus room (no window) offers endless possibilities as a workshop, gym, library, or playroom. Low condo fees of $170/month (includes fence, road maintenance, insurance for common areas, and snow removal). Shingles replaced in August 2018. Gas BBQ hookup on deck NOTE* Maintenance company will maintain your lawn and provide snow removal from driveway for a small fee approx $45. per month.
Estimate your monthly payments for this property
Estimated Payment
$3,796.07/mo
Includes CMHC insurance ($20,643)
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 South
London South 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 South
- •Convenient location in London South
- •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 South 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.
1617 Shore Road Unit 1, London South
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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 $529/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 44 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.
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 South.
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 South properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.