$769,900 - 493 Cypress Avenue, London North
Detached for Sale in London North
Popular Listing- MLS Number
- X13255602
- Property Type
- Detached
- Status
- active
- Days on Site
- 14
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- London North
- Listing Brokerage
- THE REALTY FIRM INC.
Thoughtfully reimagined from top to bottom, 493 Cypress Avenue is a stunning 2+2 bedroom, 3 bath, 1,048 sq ft ranch offering modern finishes, functional living spaces, and exceptional attention to detail, ideally situated in London's sought-after Oakridge neighbourhood. Set on a beautifully refreshed lot, the property showcases a new front door with sidelight, fresh landscaping, an attached garage with EV rough-in, and an expansive driveway with parking for up to six vehicles.Step inside to a bright and inviting interior where luxury vinyl plank flooring extends throughout, complemented by fresh neutral décor and new interior doors. The kitchen serves as the heart of the home, featuring quartz countertops, a subway tile backsplash, new stainless steel appliances, abundant cabinetry, and a spacious peninsula overlooking the dining area. Nearby, the living room is anchored by a large bay window that fills the space with natural light and creates a warm, welcoming atmosphere for everyday living and entertaining.Two bedrooms include a primary suite with double closets and a 3-piece ensuite featuring a custom glass shower and floor-to-ceiling marble-inspired tile. A stylish 4-piece bathroom serves family and guests alike.The finished lower level extends the living space with a recreation room centred around a wood-burning fireplace creating a warm and inviting setting. Two additional bedrooms with new egress windows, a well-appointed 3-piece bathroom with a glass-enclosed shower, and a dedicated laundry room complete the level.Outside, the fenced backyard offers plenty of room to relax, play, or entertain, featuring expansive green space, a storage shed, and a new rear entry door for added convenience. All this in a desirable neighbourhood just minutes from top-rated schools, parks, golf courses, shopping, restaurants, transit, and everyday amenities.
Estimate your monthly payments for this property
Estimated Payment
$3,949.99/mo
Includes CMHC insurance ($21,480)
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.
493 Cypress Avenue, London North
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Rental income estimator & ROI calculator
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
Fair Market Value
At $1100/sqft, this property is priced in line with current London North market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
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.
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 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 $3,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.