$929,000 - 850 Teakwood Lane, London North
Detached for Sale in London North
New — Listed 7 days ago- MLS Number
- X13438236
- Property Type
- Detached
- Status
- active
- Days on Site
- 7
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- London North
- Listing Brokerage
- ICI SOURCE REAL ASSET SERVICES INC.
Sought after North West area, close to University of Western Ontario and all highly ranked public and private schools. Close to Aquatic centre and other sporting hubs. Short drive to Masonville and Downtown. Walking distance to shopping, dining, banking and Costco. Teakwood Lane is a quiet street, not a busy thoroughfare with traffic speeding by. Immaculate 16 year old home has all essential inclusions with tons of space for a growing family or a multi generational situation. Plenty of options for space usage, dedicated office or art studio and formal dining is currently used as a second work space. Kitchen boasts lovely upgraded wood cabinetry (floor to ceiling) Enjoy the serene window out to treed back yard and natural stone two level patio. New fridge and dishwasher. Family room, dining and kitchen are open concept for great entertaining. Upstairs there are 4 bedrooms. Large principle with cozy reading or TV nook in addition to large walk in shower in ensuite. Second room is large enough for 2 full beds and has 2 double doored closets. Third room has a large walk in closet. Fourth room overlooks backyard. Laundry room with brand new washer and dryer is on upper level. The basement is untouched, waiting for the new owners plans; recreation, gym, or perhaps rental income. The large premium lot is 70 feet wide by 127 feet deep. Driveway easily holds 4 cars plus 2 car garage with auto door openers. Perfect for a family that loves the area but needs a larger home. *For Additional Property Details Click The Brochure Icon Below*
Estimate your monthly payments for this property
Estimated Payment
$4,766.25/mo
Includes CMHC insurance ($25,919)
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.
850 Teakwood 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 $372/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.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to London North. Good resale value as demand remains consistent.
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 $3,871 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.