$560,000 - 2720 Buroak Drive Unit 11, London North
Condo for Sale in London North
39 days on market- MLS Number
- X13111022
- Property Type
- Condo
- Status
- active
- Days on Site
- 39
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- KELLER WILLIAMS LIFESTYLES
Experience modern sophisticated living in this stunning 2023-built two-storey condo townhouse situated in the premier North London enclave. This bright and airy residence showcases a seamless open-concept main floor designed for both effortless entertaining and daily comfort. The inviting living room is anchored by a built in electric fireplace and transitions gracefully into a dedicated dining area, where sliding doors open to a private twelve-by-eleven-foot deck overlooking landscaped greenery. The functional kitchen comes fully equipped with stainless steel appliances and ample cabinetry. Upstairs, the layout is thoughtfully configured with three spacious bedrooms, including a primary retreat featuring a walk-in closet and convenient access to a three-piece bathroom. The laundry is strategically located on the upper level for maximum ease. For those looking to add value or create a custom recreation space, the full unfinished basement offers nearly 600 square feet of potential with a rough-in for a future bathroom already in place. Outside, the property includes an attached garage and a private driveway. This home is perfectly positioned minutes from the bustling Hyde Park retail corridor and Masonville Place, providing great shopping and dining options at your doorstep. Nature enthusiasts will appreciate the proximity to Fox Field District Park and the scenic trails of the Medway Valley Heritage Forest. Located within a sought after school zone and offering quick access to public transit, this turnkey property represents a rare opportunity to own a nearly-new home in one of London's most desirable growing communities. It is the ideal blend of style, function, and location for the discerning buyer.
Estimate your monthly payments for this property
Estimated Payment
$2,873.09/mo
Includes CMHC insurance ($15,624)
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.
2720 Buroak Drive Unit 11, 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 $400/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.
Market Position
At 39 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 $2,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.