$899,900 - 831 Riverside Drive, London North
Detached for Sale in London North
35 days on market- MLS Number
- X13136008
- Property Type
- Detached
- Status
- active
- Days on Site
- 35
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- London North
- Listing Brokerage
- ROYAL LEPAGE TRILAND REALTY
Stunning all-brick Oakridge Beauty with loads of character, offering over 4,000 sq. ft. of beautifully finished living space. The décor blends rustic charm with modern flair throughout. Situated on a generous 0.35-acre lot, the property is surrounded by a mature canopy of trees and features a heated in-ground saltwater pool-perfect for summer entertaining. Enter through the flagstone front porch with glass railings into a welcoming, oversized foyer. The main living room showcases a coffered ceiling, custom built-ins, and an inviting atmosphere ideal for relaxing or hosting guests. The tastefully designed kitchen features granite countertops, a farmhouse sink, banquet-style seating, and ample workspace. Sunroom, which overlooks the yard, was done in 2023 and offers amazing views of the four seasons changing. Three bedrooms are located on the main level, with a private and spacious primary retreat on the upper floor. The fully finished lower level offers a media/games room, custom built-ins, and a fifth bedroom with two egress windows-ideal for guests or teens. Both the main and lower-level bathrooms have been completely renovated with stunning tile work and glass-enclosed showers.Located in one of London's most desirable neighbourhoods, close to excellent schools, quick walk to Springbank park, trails and amenities, this home offers exceptional space, character, and lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$4,616.95/mo
Includes CMHC insurance ($25,107)
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.
831 Riverside Drive, 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 $360/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 35 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.
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 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.
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 $3,750 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.