$574,900 - 270 North Centre Road Unit 5, London North
Condo for Sale in London North
49 days on market- MLS Number
- X13070768
- Property Type
- Condo
- Status
- active
- Days on Site
- 49
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- South East
- Balcony
- Enclosed
- Listing Brokerage
- SUTTON GROUP - SELECT REALTY
Beautiful one-floor condo townhome with finished walk-out lower level in a quiet hillside community on the north edge of the Masonville shopping district, a short walk from markets, grocery, restaurants, public transit and Masonville Mall. This well managed condo community, with very reasonable condo fees, is a hidden gem tucked away just off Richmond Street and Fanshawe Park Road and is convenient to all north London amenities including University Hospital and Western University. This bright and spacious 2+1 Bedroom townhome has premium features including extra high 10 foot ceilings in the main living area, gas fireplace in the living room and hardwood and tile flooring throughout the main floor. Kitchen has granite counters, updated hardware, eat-in dining area with door to private rear deck and views of the treed rear yard. Primary bedroom suite includes walk-in closet and 3 piece ensuite bathroom with new vanity (26). Second bedroom also has high ceilings and view of the rear yard. Main bathroom was also updated in 2018. Lower-level rec room has glass doors to the rear patio. Study or 3rd bedroom completes the lower-level finishes. Plenty of storage and room for additional living space including bathroom rough-in. Other updates include new furnace (20), washer, dryer and Fridge (17). Centrally located within the condo community, this one is worth a look.
Estimate your monthly payments for this property
Estimated Payment
$2,949.53/mo
Includes CMHC insurance ($16,040)
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.
270 North Centre Road Unit 5, 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 $479/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.
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.
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 $2,395 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.