$674,000 - 1862 Reilly Walk, London North
Detached for Sale in London North
79 days on market- MLS Number
- X12948836
- Property Type
- Detached
- Status
- active
- Days on Site
- 79
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London North
- Listing Brokerage
- ONE PERCENT REALTY LTD.
Welcome to this beautifully maintained 3-bedroom, 3.5-bathroom home located in the highly desirable North East London neighbourhood. Built in 2013, this move-in-ready property offers an ideal blend of space, comfort, and convenience-perfect for growing families. The bright and functional main floor features generous living areas and ample storage throughout. Upstairs, you'll find three spacious bedrooms, including a large primary bedroom complete with a walk-in closet and private ensuite bathroom. The fully finished basement, with its own full bathroom, provides versatile space ideal for a family room, recreation area, teenager retreat, or guest accommodations. Step outside to enjoy the fully fenced backyard featuring a patio area, storage shed, and plenty of room for kids, pets, or entertaining. Additional highlights include a one-car garage and extra driveway parking. Families will especially appreciate the outstanding location-just a five-minute walk to Cedar Hollow Public School, a short drive to St. Mark's Catholic Elementary School, and zoned for the highly sought-after A.B. Lucas Secondary School. Parks, walking trails, shopping, restaurants, and everyday amenities are all conveniently nearby. This is a fantastic opportunity to own a well-cared-for home in a family-friendly community, offering space, flexibility, and everyday convenience.
Estimate your monthly payments for this property
Estimated Payment
$3,457.97/mo
Includes CMHC insurance ($18,805)
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.
1862 Reilly Walk, 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 $449/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 79 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.
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.
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.
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 $2,808 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.