$600,000 - 17 McDonald Avenue, London North
Multi-Family for Sale in London North
84 days on marketNeighbourhood: North K
- MLS Number
- X13221256
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 84
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- London North
- Listing Brokerage
- BLUE FOREST REALTY INC.
Turnkey Legal Duplex Walking Distance to Western University! An exceptional opportunity for investors or owner-occupants in one of London's most sought-after rental locations. Licensed as a legal duplex, this well-maintained property features two self-contained suites with separate hydro meters and private laundry in each unit.Approximately 10 years ago, the home underwent extensive renovations that included electrical, plumbing, insulation, flooring, kitchens, bathrooms, windows, shingles, siding, furnace, central air, and appliances, offering peace of mind for years to come.The front unit offers 3 bedrooms, a bright living room, an updated kitchen, and a 4-piece bathroom. The rear unit features a comfortable 1-bedroom suite with its own kitchen, living room, and 4-piece bathroom, creating an excellent opportunity for additional rental income.Outside, enjoy a generous partially fenced backyard, parking for up to four vehicles, and a detached garage/workshop with hydro, perfect for storage, hobbies, or additional workspace. Whether you're looking to expand your investment portfolio or live in one unit while generating income from the other, this property offers outstanding flexibility and long-term value. Located on a quiet street just minutes from Western University, public transit, and everyday amenities, with direct bus routes to Fanshawe College and downtown, this is a turnkey investment in a consistently high-demand rental area.
Estimate your monthly payments for this property
Estimated Payment
$3,078.31/mo
Includes CMHC insurance ($16,740)
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 North K
North K 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 North K
- •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
North K 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.
17 McDonald Avenue, London North
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Rental income estimator & ROI calculator
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 $545/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.
Negotiation Opportunity
At 84 days on site, this property has exceeded the typical selling timeline for London North. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
About North K
I know North K well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $2,500 (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.