$530,000 - 499 Sophia Crescent Unit 32, London North
Condo for Sale in London North
71 days on market- MLS Number
- X12979176
- Property Type
- Condo
- Status
- active
- Days on Site
- 71
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 1,600 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- REAL BROKER ONTARIO LTD
Set in a newer North London complex, this end-unit townhouse delivers the kind of space that's hard to find in condo living, with over 1,600 sq ft above grade plus a fully finished basement for even more room to spread out. Inside, the main floor offers a modern kitchen and an open-concept living area anchored by a gas fireplace. Sliding doors lead to the deck, giving you an easy spot for morning coffee, summer dinners, or a quiet place to unwind. Upstairs, the layout checks all the right boxes with a spacious primary bedroom featuring a walk-in closet and private ensuite, plus two additional bedrooms, a full bathroom, and the convenience of second-floor laundry. The finished basement adds serious versatility, with a large rec room and a 3-piece bath that work beautifully for guests, a home office, teen hangout, fitness space, or extended family living. A built-in garage, driveway parking for two, and end-unit privacy add even more value. Located close to Hyde Park shopping, schools, and everyday essentials, this is a smart choice for buyers who want more square footage, more flexibility, and more function than the average townhome in this price range. Property being sold in "as-is, where-is condition"
Estimate your monthly payments for this property
Estimated Payment
$2,719.17/mo
Includes CMHC insurance ($14,787)
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.
499 Sophia Crescent Unit 32, 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 $331/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 71 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
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.
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 $2,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.