$693,900 - 486 Cypress Avenue, London North
Detached for Sale in London North
115 days on market- MLS Number
- X12815706
- Property Type
- Detached
- Status
- active
- Days on Site
- 115
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London North
- Listing Brokerage
- SUTTON GROUP - SELECT REALTY
Can you hear it? Oakridge Acres is calling your name! Family ready, lovingly maintained 3+ bedroom, 2 bath home situated on a peaceful, park-like lot surrounded by nature. An easy walk to schools. This home is complimented by a newer maple kitchen (2010) with matching stainless appliances, and 4 pc bath (2020), vaulted ceilings, all hard surface (mostly hardwood) flooring throughout, a main floor office (den or bedroom) with easy access to inside entry 258 sq ft. garage & double driveway. Wall-to-wall his & her closets in Master Bedroom. Energy efficient owned gas On-Demand hot water heat, money-saving gas hot water boiler system is maintained annually and performs like a dream, heat pump (5 yrs old) cools in summer, reverse osmosis water system in kitchen. Plenty of storage, workshop, king size laundry room, and more. Wood fireplace in family room has not been used in recent history...would be easy to add a gas insert. Shingles are 15 yrs old (rated at 32 yr. lifespan), All, but 3, windows have been replaced. Lot is wide and deep with mature greenery which creates comforting privacy while also offering an abundance of room for outdoor activities. You will love the terrace doors out from the kitchen/dining area to a beautiful 360 sq ft. deck with gazebo (includes rip-proof & waterproof fabric cover) which will serve as a great spot for your morning coffee, to relax while your kids are playing and/or to enjoy evening cocktails. Just picture it and make an appointment before it's gone!
Estimate your monthly payments for this property
Estimated Payment
$3,560.07/mo
Includes CMHC insurance ($19,360)
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.
486 Cypress Avenue, 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 $631/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 115 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.
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.
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 $2,891 (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.