$829,900 - 982 Medway Park Drive, London North
Detached for Sale in London North
- MLS Number
- X13158192
- Property Type
- Detached
- Status
- active
- Days on Site
- 27
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- London North
- Lot Size
- 5,791 sqft
- Listing Brokerage
- RE/MAX ADVANTAGE REALTY LTD.
Located in Medway Meadows in London's North-West, 982 Medway Park Drive welcomes those looking to downsize into a great Condo alternative or a professional couple desiring quality living space, great for entertaining and relaxing. A great home, boasting 2 +1 generous sized bedrooms, three full bathrooms and main floor laundry, and a large finished lower level. A wide range of amenities are a short distance away including No-Frills, Shoppers Drug Mart. Masonville Mall, Big Box shopping, University Hospital and Western University. Step through the front door into a welcoming foyer, opening to the generous living room featuring a tray ceiling that compliments the 9 ft ceilings and enhances the spacious open plan. The custom kitchen offers a generous amount of cabinetry, granite counter tops, and large centre island that becomes the heart of the home. The Primary bedroom is a generous size with a 9 ft. ceilings, walk in closet and a 5 piece ensuite with a custom glass & tile shower. The lower level features 1 bedroom, an additional 3 piece bathroom, sprawling recreational room with gas fireplace and the perfect area for a play room or home office. The basement also features loads of storage space. Enjoy a relaxing time on your covered rear deck with rollout awning, overlooking the fully fenced rear yard. This home features engineered hardwood floors, porcelain tile and many quality appointments for the discerning couple or retired couple looking to make this their home.
Estimate your monthly payments for this property
Estimated Payment
$4,257.82/mo
Includes CMHC insurance ($23,154)
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.
982 Medway Park 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 $553/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 27 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.
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 $3,458 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.