$698,000 - 2 McDonald Avenue, London North
Detached for Sale in London North
109 days on market- MLS Number
- X12740274
- Property Type
- Detached
- Status
- active
- Days on Site
- 109
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London North
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Situated on a quiet cul-de-sac in the heart of University Heights, this fully renovated centuryhome offers a compelling opportunity in one of London's most consistently high-demand rentalneighbourhoods. Just steps to Western University, the property blends upscale finishes with alayout designed to support strong rental performance and long-term value. A charming coveredfront porch leads into a bright, well-proportioned interior where high ceilings and largewindows create an open, elevated feel rarely found in comparable properties. The main floorliving and dining areas are spacious and functional, ideal for shared living while maintainingcomfort and flow. The modernized kitchen features quartz countertops, subway tile backsplash,contemporary cabinetry, and stainless steel appliances, offering durability, style, andeveryday practicality. This balance of quality finishes and ease of maintenance makes the homeparticularly attractive to investors focused on long-term efficiency.Upstairs are threegenerous bedrooms and a full bathroom, along with the convenience of in-suite laundry. Thefinished basement extends the living space with two additional bedrooms and a second fullbathroom, significantly enhancing flexibility and income potential while preserving privacy andusability. The location is a standout. Within walking distance to Western University and closeto transit routes connecting to Fanshawe College and downtown London, the home sits in a provenrental corridor with reliable year-over-year demand. Nearby amenities, dining, and servicesfurther elevate its appeal. This turnkey property offers a strong combination of location,quality, and rental performance, making it an excellent addition to any investment portfolio.
Estimate your monthly payments for this property
Estimated Payment
$3,581.10/mo
Includes CMHC insurance ($19,474)
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.
2 McDonald Avenue, London North
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Rental income estimator & ROI calculator
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 $997/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 109 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.
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 $2,908 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.