$1,989,000 - 768 Franklinway Crescent, London North
Single Family Home for Sale in London North
New — Listed 6 days ago- MLS Number
- X12811208
- Property Type
- Single Family Home
- Status
- active
- Days on Site
- 6
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 3,000 sqft
- Neighbourhood
- London North
- Listing Brokerage
- CENTURY 21 FIRST CANADIAN CORP
Discover a rare North London gem: an executive ranch sprawling across a magnificent 0.6-acre lot on a tranquil, tree-lined street. With over 6,000 square feet of finished living space and an impressive 148 feet of frontage, this home is designed for sophisticated family living and entertaining. The spacious interior offers exceptional flexibility, including a separate two-bedroom, self-contained suite with a private entrance, its own laundry, a walk-in closet, and a spa-like bathroom. This is the ideal arrangement for multi-generational families or as a source of supplementary rental income. The main floor is inviting with spacious rooms featuring a private primary suite, three additional bedrooms, a bright sunroom, a den, living room and a formal dining area for hosting, spacious kitchen, eat in area and laundry/mud room. Generously sized rooms throughout! Below, the finished lower level expands your living options with a large recreation/theatre room, den, and an additional bedroom, a games area, plus the additional two-bedroom suite, with a further potential of $2,000 per month income if needed. Additional financial benefit from the solar system which offers a compelling annual return of approx. $4,000, adding to the home's value. Ample parking: A 3.5 car garage and extended driveway provide generous parking for vehicles. Excellent location: Positioned just minutes from Western University, University Hospital, Masonville Mall, and highly-regarded schools. New furnace and A/C unit installed September 2025! This is more than a house, it's a home that offers space, comfort, and financial potential in a premier North London location.
Estimate your monthly payments for this property
Estimated Payment
$8,798.02/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.
768 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 25+ years of GTA real estate experience
Competitive Pricing
At $663/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.
Just Listed - Act Strategically
This property hit the market within the last week. In London North's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Larger Home Realities
At 3,000 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.
Excellent Flexibility
With 7 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 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.
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 $8,288 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.