$705,000 - 205 North Centre Road Unit 1, London North
Condo for Sale in London North
66 days on market- MLS Number
- X12992010
- Property Type
- Condo
- Status
- active
- Days on Site
- 66
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Welcome home to this stunning, fully renovated end-unit bungalow, ideally situated in one of North London's most sought-after communities.This turn key gem offers the perfect blend of comfort, convenience, and modern elegance - with absolutely nothing left to do but move in! Located just minutes from Masonville Mall and steps away from countless amenities, you'll love the direct rear gate access to Loblaws for added ease of accessibility. Properties like this rarely come available - in such impeccable, move-in-ready condition, within the parameters of a quiet condominium complex. Inside, you'll find a bright and spacious open-concept layout featuring gleaming hardwood floors throughout the main living and dining areas. The updated kitchen showcases quartz countertops, quality cabinetry, and a lovely dinette area that opens to your private terrace and yard - surrounded by mature trees and green space, offering both privacy and tranquility. The main floor includes two generous bedrooms and two beautifully updated full bathrooms, including a spacious primary ensuite and walk in closet. Enjoy the convenience of main-floor laundry and a mudroom with inside access to the attached two-car garage. Downstairs, the fully finished lower level provides even more functional living space - featuring a cozy gas fireplace, an additional bedroom and full bathroom, plus a large open area perfect for a family room, home office, or hobby space. With its prime location, modern updates, and low-maintenance lifestyle, this home truly has it all. You will have added peace of mind as many of the major components of the common elements have been replaced in the past several years (roof, garage doors, back door). The home owner just recently installed a new furnace with a heat pump. Exterior maintenance is covered within the condo fee for added peace of mind, you won't have to worry about snow removal, grass cutting, or garden maintenance.
Estimate your monthly payments for this property
Estimated Payment
$3,617.02/mo
Includes CMHC insurance ($19,670)
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.
205 North Centre Road Unit 1, 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 $588/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 66 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.
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.
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 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 North properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,938 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.