$524,900 - 600 Sarnia Road Unit 29, London North
Condo for Sale in London North
32 days on market- MLS Number
- X12557454
- Property Type
- Condo
- Status
- active
- Days on Site
- 32
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- SUTTON GROUP PREFERRED REALTY INC.
Great investment opportunity!! Currently leased until April 2026-Tenants must be assumed. Rental income of $4125/month includes utilities. Spacious open concept 3+2 bedroom condo. Good layout. Loads of cupboards and counter space in kitchen with breakfast bar, ceramic floor and pass thro to living room. Large eating area. Huge living room / dining room with laminate floor. Small rec room and additional 2 bedrooms in lower level. Good sized upper bedrooms. 2 1/2 baths. 5 appliances included. Close to schools, shopping, transit, and more. Easy access to Masonville Mall, Sherwood Forest Mall, Costco, University Hospital and Western University. NOTE: Interior photos are not of Unit 29 - they are for information purposes only to show the layout - as the layout of the units in this complex are similar - just reversed.
Estimate your monthly payments for this property
Estimated Payment
$2,693.01/mo
Includes CMHC insurance ($14,645)
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.
600 Sarnia Road Unit 29, 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 25+ years of GTA real estate experience
Competitive Pricing
At $437/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 32 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.
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.
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.
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 $2,187 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.