$989,900 - 557 Inverness Avenue, London North
Detached for Sale in London North
- MLS Number
- X13177422
- Property Type
- Detached
- Status
- active
- Days on Site
- 24
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London North
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
Welcome to Oakridge Acres. Pride of Ownership is evident in this property!! This very well kept 3 plus 2 bedroom ranch style home with oversized double attached garage is located on possibly the best lot in the subdivision. The airy floor plan features a spacious entrance, vaulted ceiling in the Great Room with Gas Fireplace, 2 Skylights, Executive Master Bedroom with 5 pc Ensuite. Main floor Laundry, fabulous, functional Kitchen and Dining Area leading to an amazing covered patio and private yard, totally fenced with its own forested area. The Lower Level features a huge Family Room/Exercise Room, 2 bedrooms, lots of storage and a 3 pc bathroom. This home is a great condo alternative for retirees. There is a professionally finished workshop, insulated, hydro and nicely laid out. The Potting Shed has Great Light and Space. Great for hobbies and gardening. The backyard is an Oasis, with mature trees, and a very well thought out variety of perennials plus a vegetable garden. Don't miss this Beautiful Property!!
Estimate your monthly payments for this property
Estimated Payment
$5,078.70/mo
Includes CMHC insurance ($27,618)
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.
557 Inverness 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 $660/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.
Market Position
At 24 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $4,125 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.