$1,289,000 - 481 Plane Tree Drive, London North
Detached for Sale in London North
35 days on market- MLS Number
- X13133326
- Property Type
- Detached
- Status
- active
- Days on Site
- 35
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London North
- Listing Brokerage
- EXP REALTY
Custom-built by Crowne Homes and offered for the first time, this exceptional Old Virginia brick family home sits on a premium North London lot beside McGarrell Place green space with a south-facing exposure that floods the property with natural light. Inside, 9ft ceilings, hardwood floors, new crystal-hardware interior doors, built-in ceiling speakers, and a new custom limestone fireplace with plaster medallion set the tone on the main floor, alongside a Wolf Professional Dual Flame Range kitchen with granite countertops, walk-in pantry, built-in vitrine, and French door walkout to the patio. A main floor den doubles as a formal dining room. Upstairs, four bedrooms and two renovated full bathrooms include a 6-piece primary suite with towel warmer, green space views, and a walk-in closet with built-in shoe display. The finished basement delivers a media room with gas fireplace, wet bar, professional office with built-ins, exercise room, 3-piece bathroom, wine cellar, whole-home water purification, built-in surge protection, and 5-CAT wiring. Outside, a heated saltwater pool (26x17), four-season pool house wired for sound and internet, hot water outdoor shower, built-in lighting, and two-level designer patio stones create a private backyard oasis. Major updates include a newer roof (2019), concrete driveway (2020), and new oversized 8ft double French entry doors (2024). Wired security system and double rear yard access round out a home that has been meticulously maintained throughout. Minutes to University Hospital, Western University, top-ranked schools, and every major retailer and medical service within a 5-minute drive. A rare first-time offering in one of London's most coveted locations.
Estimate your monthly payments for this property
Estimated Payment
$5,701.68/mo
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.
481 Plane Tree Drive, 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 $645/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 35 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London North. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 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 $5,371 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.