$879,000 - 940 Reeves Avenue, London North
New Construction for Sale in London North
- MLS Number
- X13154472
- Property Type
- New Construction
- Status
- active
- Days on Site
- 29
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London North
- Listing Brokerage
- ROYAL LEPAGE CERTIFIED REALTY
Stunning 3+2 Bedroom Home in Sought-After Northwest London Welcome to this beautifully appointed 2-storey home with a double car garage, located in one of Northwest London's most desirable neighborhoods, just 3 km from the University of Western Ontario. Move-in ready. This property offers exceptional space, style, and functionality for modern living. The open-concept main floor features 9-foot ceilings and durable hard surface flooring throughout. A bright and welcoming foyer with a large window overlooks the second floor, complemented by an elegant maple staircase. The gourmet kitchen is a true highlight, boasting a large island, quartz and granite countertops, ceramic backsplash, and a gas stove, perfect for both everyday living and entertaining. The kitchen flows seamlessly into the spacious great room with high ceilings and rough-in for a future gas fireplace. Additional main floor features include a convenient 2-piece bath, laundry room, and gas hookups for both the dryer and BBQ. Upstairs, you'll find a generous primary bedroom retreat with high ceilings, a walk-in closet, and a spacious ensuite bath. Two additional well-sized bedrooms and a full bathroom complete the second level. The finished basement offers incredible versatility with two additional bedrooms, a wet bar, and ensuite access, ideal for extended family, guests, or potential rental income. Enjoy outdoor living in the fully fenced private backyard, along with a charming full 2-storey covered front porch. This home truly has it all, space, upgrades, and location. Don't miss your chance to own this exceptional property!
Estimate your monthly payments for this property
Estimated Payment
$4,509.73/mo
Includes CMHC insurance ($24,524)
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.
940 Reeves Avenue, 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 $586/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 29 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.
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 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 $3,663 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.