$2,999,000 - 569 Franklinway Gate, London North
Detached for Sale in London North
108 days on market- MLS Number
- X12564228
- Property Type
- Detached
- Status
- active
- Days on Site
- 108
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 5,000+ sqft
- Neighbourhood
- London North
- Lot Size
- 1 sqft
- Listing Brokerage
- EXP REALTY
Custom-built estate just under 7,000 sq. ft., this one-of-a-kind residence backs onto the Medway River and was awarded Ontario's Custom Home of the Year upon completion. Tucked away on one of North London's most prestigious streets, the home sits on nearly an acre with a stamped horseshoe concrete drive leading to the triple car garage. Inside, timeless craftsmanship is evident with rich woodwork throughout, a formal living room with wood-lined ceilings, custom built-ins, and ambient lighting. The main floor offers four bedrooms, with two additional potential bedrooms upstairs, along with a wood-paneled office, a custom gym above the garage, and an extra family room above the billiards room. The spacious eat-in kitchen opens to a sunroom and screened patio, while heated flagstone walkways and patios flow to a fully reimagined backyard oasis. The exterior was completely redesigned with professional landscaping, custom stone sills, outdoor lighting, power screens, a multi-sport court that converts to a winter rink, a custom all-season hot tub spa, and an outdoor bathroom with oversized equipment room designed for a future infinity pool. Bellissimo light fixtures, a 19-zone irrigation system, and invisible fencing complete the grounds. The primary suite features its own living room and private courtyard, while all bathrooms were fully redesigned between 2012-2014 with luxurious finishes. Comfort upgrades include spray-foam insulation, a newer HVAC system, and a state-of-the-art Elgin Pure Water purification system. Modern technology abounds with Savant whole-home automation, Legrand touch switches, motorized roller shades, a 12-camera security system, and an integrated outdoor sound system.Blending award-winning design with extensive updates, this estate offers unmatched privacy, sophistication, and lifestyle truly one of Londons most distinguished residences.
Estimate your monthly payments for this property
Estimated Payment
$13,265.59/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.
569 Franklinway Gate, 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 $600/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 108 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.
Larger Home Realities
At 5,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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 5 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.