$1,499,000 - 1796 Gainsborough Road, London North
Detached for Sale in London North
- MLS Number
- X13156532
- Property Type
- Detached
- Status
- active
- Days on Site
- 29
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- London North
- Lot Size
- 1 sqft
- Listing Brokerage
- RE/MAX ADVANTAGE SANDERSON REALTY
Rare 5 bedroom executive family home with finished walk out basement, triple car garage and private pond nestled on a 1.2 acre tree-lined lot conveniently located just 3 minutes' drive from North-West London. This 3,725 SF (above grade) custom built home has been meticulously cared for and enjoyed by the original family for the past 23 years and offers buyers the best of both worlds - the functionality and convenience of a move-in-ready city home while situated in a private park-like country setting. After entering the property there is an instant sense of calm and tranquility as you are immediately immersed into nature while making your way down the long, serene drive. Upon arrival you are greeted by a lovely front facade with one of four decks, perfect for a morning coffee while gazing at the pond. The inside of the home offers a fantastic layout conducive for families. The main floor features a formal dining room, great for large gatherings, and a front office/den with vaulted ceilings - perfect for working from home or a kid's playroom. The open concept eat-in kitchen is great for entertaining and features built-in appliances with gas range, peninsula island with seating, quartz countertops and a lovely informal dinette with access to rear yard. The kitchen flows effortlessly into a welcoming family room & bonus sunroom with 2-sided gas fireplace. Desirable main floor laundry & 2pc powder room off entrance from oversized triple car heated garage. Upstairs features 5 spacious bedrooms and 3 full baths including an impressive Master Retreat with 2 walk-in closets and luxurious 5pc ensuite. The finished walkout basement offers plenty of natural light and features a family room, rec room, rough-in for future bath & bar, 2 huge storage rooms and access to outside. The yard features multiple decks and 4 sitting areas including a flagstone patio with fire pit, large grass areas, beautiful landscaping and pond used as a hockey rink in winter. Roof (2019), A/C (2017).
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.
1796 Gainsborough 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
Competitive Pricing
At $428/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 29 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.
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 4 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.