$524,900 - 41 GUNN Street, London North
Detached for Sale in London North
- MLS Number
- X13173276
- Property Type
- Detached
- Status
- active
- Days on Site
- 24
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London North
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
Welcome to this charming and well-located 2-bedroom home, ideally situated just minutes from Western University and downtown London. Nestled on a unique lot backing onto beautiful greenspace and the Thames River, this property offers a rare combination of urban convenience and natural privacy. The main level features a spacious living area, a well-appointed kitchen with ample cabinetry and island, and a dining area perfect for family meals or entertaining. A newly updated 3 piece bathroom, with glass shower, is also on the main floor. The upper level offers a bright and spacious primary bedroom highlighted by beautiful cathedral ceilings, creating an open and airy retreat. This level also features a well-appointed 5-piece bathroom complete with a relaxing soaker tub and a large walk-in shower. An additional bedroom completes the upper floor, making it ideal for family, guests, or a home office setup. The fully finished lower level features a large living area, utility room with a workbench, and separate door with walk-up access to the backyard. Step outside to discover one of the true highlights of this property - a private backyard retreat backing directly onto greenspace and steps from the Thames River. Whether you're enjoying your morning coffee, hosting summer gatherings, or simply taking in the tranquil surroundings, this outdoor space offers exceptional serenity. Walking distance to London Waldorf School, Western University, Thames Valley Parkway and biking trail, parks, public transit, and all the amenities of downtown, this property is perfect for first-time buyers, investors, or a family looking to enjoy a quiet setting without sacrificing convenience. Don't miss your opportunity to own a home in one of London's most accessible and scenic locations!
Estimate your monthly payments for this property
Estimated Payment
$2,693.01/mo
Includes CMHC insurance ($14,645)
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.
41 GUNN Street, 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 $750/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 24 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.
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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $2,187 (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.