$424,999 - 242 Monmore Road Unit 12, London North
Condo for Sale in London North
114 days on market- MLS Number
- X12752556
- Property Type
- Condo
- Status
- active
- Days on Site
- 114
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
When modern updates, move-in ready and low condo fees matter most, this spacious townhouse condo stands apart. This fully renovated 3 bedroom, 2 bath condo is tucked away in a popular North London neighbourhood and offers a bright, modern interior that is truly move-in ready. The main level features a bright eat-in kitchen with stainless steel appliances and patio doors leading to a private backyard backing onto green space - a rare and appealing feature in condo living. The living area is spacious and filled with natural light. The main floor also features a convenient powder room. Upstairs are 3 spacious bedrooms and a gorgeous modern 4-piece bathroom with double vanity and ensuite privilege. Luxury Lux vinyl flooring runs throughout the ENTIRE home, including the finished lower level, creating a clean, consistent look. Additional highlights include extra-capacity washer and dryer, premium flooring, assigned parking directly at the front door, and ample visitor parking just steps away. LOW condo fees include water (significantly reducing monthly utility costs), parking, snow removal, lawn care, and even windows and doors. Ideally located just minutes to Western University, University Hospital, Masonville Mall, grocery stores, top schools, fitness centres, restaurants, transit routes, and walking trails, this home offers a combination of modern updates, outdoor space, and convenience that is increasingly hard to find in this price range. This beautifully updated home is perfect for first-time buyers, investors, or families. Located in a prime North London location, it is ready to be enjoyed from day one.
Estimate your monthly payments for this property
Estimated Payment
$2,180.46/mo
Includes CMHC insurance ($11,857)
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.
242 Monmore Road Unit 12, 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 $425/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 114 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.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.