$559,900 - 780 Banyan Lane, London North
Condo for Sale in London North
105 days on market- MLS Number
- X12854330
- Property Type
- Condo
- Status
- active
- Days on Site
- 105
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- London North
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
CONSTRUCTION ON THIS END UNIT IS STARTING SOON! Closing expected mid summer. Werrington Homes is now nearing 50% SOLD at their newest project "The North Woods" in the desirable Hyde Park community of Northwest London. The project consists of 45 two-storey contemporary townhomes priced from the mid $500's. With the modern family & purchaser in mind, the builder has created 3 thoughtfully designed floorplans. The end units known as "The White Oak", offers 1686 sq ft above grade, 3 bedrooms, 2.5 bathrooms & a single car garage. The interior units known as "The Black Cedar" offers 1628 sq ft above grade with 2 bed or 3 bed configurations, 2.5 bathrooms & a single car garage. The basements have the option of being finished by the builder to include an additional BEDROOM, REC ROOM & FULL BATH! As standard, each home will be built with brick, hardboard and vinyl exteriors, 9 ft ceilings on the main, luxury vinyl plank flooring on the main and upper floor, quartz counters, second floor laundry, paver stone drive and walkways, ample pot lights, tremendous storage space & a 4-piece master ensuite complete with tile & glass shower & double sinks! The North Woods location is second to none with so many amenities all within walking distance! Great restaurants, smart centres, walking trails, mins from Western University & directly on transit routes! Low monthly fee ($77 approx.) to cover common elements of the development (green space, snow removal on the private road, etc). This listing represents "The Whiteoak" end unit base price 3 bedroom plan *Photos are of an already completed unit at 790 Banyan Lane, some images may show optional upgraded features* NOTE: First-Time Home Buyers (FTHB) the GST/HST Rebate is now in effect!! Eligible buyers can now take advantage of additional savings!!!
Estimate your monthly payments for this property
Estimated Payment
$2,872.58/mo
Includes CMHC insurance ($15,621)
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.
780 Banyan Lane, 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 $350/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 105 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.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.