$1,400,000 - 520 Canterbury Road, London North
Detached for Sale in London North
107 days on market- MLS Number
- X12752124
- Property Type
- Detached
- Status
- active
- Days on Site
- 107
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London North
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
Within 500 metres of University Hospital and Western University, 520 Canterbury is the ideal location for the working professional with intent to walk to work, while enjoying an upscale living experience! This 3 bedroom + family home has been totally renovated from top to bottom and down to the studs, with high end amenities throughout and a modern, thoughtful design bringing form and function to the forefront. Warm, natural hardwood grounds the open concept living area, which centres around the heart of the home: the two tone Chef's kitchen with quartz counters, new stainless appliances, a walk-in pantry, a plethora of storage and working spaces to make entertaining a dream. Expansive dining and great room with a focal gas fireplace, a front den that could be easily converted to a 4th bedroom, and a convenient mudroom with built-ins house the washer and dryer. Lastly, a main floor master with luxury ensuite and views to the 240' deep rear and private yard. An open strung staircase leads to the two second floor bedrooms joined by a cheater ensuite. The finished lower level includes vinyl plank flooring, an exceptionally large egress window, allowing options for different uses and configurations. Upgraded James Hardie board, maintenance free exterior, all new windows, and doors, new HVAC and electrical make this home comparable to a new build and is turn key! The home has the added bonus of building a backyard home or office residence with income earning potential! Fully serviced with water, sanitary and electrical in place, 2 and 3 bdrm plans are available on request! This property offers the ultimate live/work/play experience and could be yours today!
Estimate your monthly payments for this property
Estimated Payment
$6,192.67/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.
520 Canterbury Road, 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 $700/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 107 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.
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 $5,833 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.