$529,900

For sale

#6 285 Mcgarrell Drive, London North (North R) - Single Family for Sale

#6 285 Mcgarrell Drive, London North (North R), Ontario, N6G5H3

4 beds6 baths4 parking1,300 ft²$422/mo condo feeListed 15 days ago

Overview

This 4-bedroom, 6-bathroom condo in London North is for sale offering roughly 1,300 sq ft of space. Listed at $529,900, it is attractively priced about 17% below the $639,900 median asking price in London North. It has been on the market 15 days, fresher than the London North average of 65 days.

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Description

Premium North end, one floor condo unit that is a quick jog to Masonville Mall. Lovely Richmond Pines built by Palumbo Homes built with a spacious open concept featuring main floor laundry, 2+2 bedrooms, 2.5 baths ( one being an ensuite), Vaulted ceiling greatroom and 9 ft ceilings in the front den/bedroom. Practical kitchen arrangment with breakfast bar and a seating area. The great room has space for a dining room table and features a gas fireplace. Zero carpets on the main floor. Finished lower level, loads of storage, Inside access from 2 car garage, private covered patio. All of this, at an affordable price point in an area many desire to live. (id:66096)

Property Details

MLS®: X14097440
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 4 above · 0 below
Bathrooms: 6
Half Baths: 1
Parking: 4
Interior Size: 1,300 ft²
Storeys: 1
Style: Bungalow
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Condo Fee: $422/mo
Fee Includes: Common Area Maintenance
Ownership

Rooms

Main level

Foyer: 1.91 x 2.24 meters
Great room: 5.61 x 6.25 meters
Kitchen: 5.52 x 2.59 meters
Primary Bedroom: 3.66 x 4.06 meters
Bedroom 2: 3.18 x 3.45 meters

Lower level

Recreational, Games room: 5.03 x 4.97 meters
Bedroom 3: 4.21 x 3.35 meters
Bedroom 4: 4.3 x 3.38 meters
Utility room: 5.33 x 8.59 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Window Coverings
Exterior: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

London North (North R) listings, avg age

65d

Price / ft²

$408

List price

$530K

Haho

This 4-bed single family in London North (North R) has been listed for 15 days, which is 50 days fresher than the city average of 65. Act while there is still low competition.

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Listed by RE/MAX ADVANTAGE REALTY LTD. · CHRISTINE PANYI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N6G)

This home lists at $529,900, about 5.5× the local median household income of $96,000.

Carrying it typically needs a household income of about $103,508 (20% down, 25-yr amortization, stress-tested) — roughly 8% above the area median.

Median household income: $96,000
Population: 50,940
Median age: 36.4
Owner / renter: 71% / 29%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N6G)

$529,900· $408/ft²

For sale

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Full Cost Breakdown

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Down Payment5.28% · $27,990

Min 5.28%50%

Mortgage payment$2,783/mo

↳ CMHC premium ($20,076 capitalized)

Property tax (est.)$386/mo

Condo fee$422/mo

Total monthly$3,590

Cash Needed to Close

Down payment (5.28%)$27,990

Land transfer tax$7,073

Est. closing costs$4,090

Total cash needed$39,153

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