$2,390,000 - 700 Franklinway Crescent, London North
Detached for Sale in London North
108 days on market- MLS Number
- X12480272
- Property Type
- Detached
- Status
- active
- Days on Site
- 108
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- London North
- Listing Brokerage
- SUTTON GROUP - SELECT REALTY
Located in desirable North London, this stunning 2 storey family home has great curb appeal with an amazing backyard complete with swimming pool and plenty of space. The expansive ground level includes a great office space at the front of the home. The living room is large and has many accents and ceiling treatments. The formal dining area has plenty of natural light and includes ceiling accents and access to the amazing eat-in kitchen. The designer kitchen includes a stainless-steel appliance package and comes complete with lots of countertop space, plenty of storage, backsplash, a convenient island with garburator and cooktop range and a breakfast nook with access to the backyard. The family room has great natural light and has a gas insert fireplace complete with accent wall and built-in storage. On the second level, the primary bedroom is spacious and includes a 5-piece ensuite bathroom as well as a handy walk-in closet. An additional 3 bedrooms are also found on this level as well as a 4-piece bathroom. In the basement you will find an amazing rec room, additional bedroom as well as a full eat-in kitchen and 3-piece bathroom. It could easily be used as an In-Law Suite or Nanny Suite. The backyard is highlighted by the back deck, pool with surrounding deck and dedicated pool house. With a 3-car garage and a wonderfully landscaped property this home has it all including proximity to schools, parks, shopping, hospital and UWO. Book your private tour today!
Estimate your monthly payments for this property
Estimated Payment
$10,571.78/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.
700 Franklinway Crescent, 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
Fair Market Value
At $956/sqft, this property is priced in line with current London North market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
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.
Excellent Flexibility
With 6 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 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 $9,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.