$875,000 - 2021 Lumb Court, London North
Detached for Sale in London North
49 days on market- MLS Number
- X13073440
- Property Type
- Detached
- Status
- active
- Days on Site
- 49
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London North
- Listing Brokerage
- INITIA REAL ESTATE (ONTARIO) LTD
Stunning 2-storey modern home situated on a private premium lot in the highly sought-after Sunningdale community of North London, with convenient school bus access to top-ranked Masonville Public School and A.B. Lucas Secondary School.This newly renovated home showcases countless upgrades, high-quality finishes, and a thoughtfully designed layout that offers exceptional flow throughout. The bright main floor features a sun-filled open-concept design, highlighted by a gorgeous living room with gleaming hardwood floors, a cozy gas fireplace, and oversized windows overlooking the expansive backyard. The gourmet chef's kitchen is beautifully appointed with handcrafted cabinetry, quartz countertops, ceramic tile flooring, a built-in pantry, subway tile backsplash, and stainless steel appliances. The spacious dining area walks out to the bonus sunroom and fenced backyard - perfect for entertaining or relaxing with family. A versatile main-floor bedroom or den overlooks the inviting covered front porch and offers flexible living options, ideal as a home office, guest room, private retreat for an older child, or multigenerational living space. The functional mudroom features laundry facilities along with built-in cabinetry and countertops for added convenience. The second floor offers 3 spacious bedrooms and 2 full bathrooms, including a luxurious primary suite complete with a generous walk-in closet and spa-inspired ensuite featuring a soaking tub and elegant glass shower. The finished basement adds even more living space with a full bathroom, making it perfect for family activities, a children's play area, media room, gym, or hobby space. Additional highlights include a double garage and double-wide driveway. Located close to Medway Valley trails, parks, shopping, restaurants, banks, Masonville Mall, movie theatre, Western University, and hospitals. An exceptional opportunity to grow your family in one of North London's most desirable neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$4,489.20/mo
Includes CMHC insurance ($24,413)
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.
2021 Lumb Court, 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 $583/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 49 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London North. Good resale value as demand remains consistent.
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 $3,646 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.