$599,900 - 49 CHARLES Street, London North
Detached for Sale in London North
Popular Listing- MLS Number
- X13223316
- Property Type
- Detached
- Status
- active
- Days on Site
- 11
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London North
- Lot Size
- 8,396 sqft
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
ATTENTION INVESTORS! LOCATION, LOCATION, LOCATION!! BACKING ONTO GREENSPACE!!! Start building equity today with this 5 bedroom, 2 bathroom bungalow with detached garage located in the heart of Oxford Park. This meticulously maintained home has been renovated without losing any of its original character and charm. Gleaming Oak hardwood throughout the main floor living room complimented by dramatic windows and classic French doors. Open concept shaker style eat-in kitchen with ample cabinetry and ceramic tile throughout. Family room features cozy gas fireplace, vaulted ceiling and skylight. Partially finished lower level provides additional storage space. Oversized detached single garage car garage (could be rented for additional income) with parking for 5 cars in the driveway. Fully fenced rear yard backing on West Lions Park; offering splash pad, playground equipment, basketball court, baseball diamond, soccer field and a picnic area. Two bedrooms currently leased for $850/Month until April 30, 2027 to A+ tenants. Updates include vinyl replacement windows, high efficiency furnace, tankless water heater and roof. Located close to all amenities including shopping, great schools, playgrounds, public transit, London Health Sciences Centre and University of Western Ontario. Just a short walk to downtown hosting attractions such as Labatt Park, Victoria Park, Covent Garden Market and Budweiser Gardens. Time to stop thinking about owning income property and finally call yourself an investor. Investment opportunities this lucrative rarely become available!
Estimate your monthly payments for this property
Estimated Payment
$3,077.80/mo
Includes CMHC insurance ($16,737)
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.
49 CHARLES 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 $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.
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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in London North.
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 $2,500 (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.