285 Mcgarrell Drive Unit 6, London North

Price: $529,900

4 bedrooms, 6 bathrooms

1,200 sqft

Property Type: Condo

MLS#: X14097440

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.

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active
New Listing
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$529,900 - 285 Mcgarrell Drive Unit 6, London North

Condo for Sale in London North

New — Listed 2 days ago

Neighbourhood: North R

4Beds
6Baths
1,200Sq Ft
Condo

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Property Details
MLS Number
X14097440
Property Type
Condo
Status
active
Days on Site
2
Bedrooms
4
Bathrooms
6
Square Feet
1,200 sqft
Neighbourhood
London North
Taxes (2026)
$4,629
Maintenance Fees
$422/mo
Locker
None
Exposure
North
Balcony
None
Listing Brokerage
RE/MAX ADVANTAGE REALTY LTD.
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.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,718.66/mo

Includes CMHC insurance ($14,784)

$
$
5%10%50%

5-yr fixed avg.

Principal: $476,910Interest: $323,904
Mortgage Amount$491,694
Total Interest$323,904
Est. Property Tax$375/mo
Total Cost$815,599

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.

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Neighbourhood Guide: North R

Discover North R

North R 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 R

  • •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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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 R 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.

70
Walk Score
Varies
Price Range

285 Mcgarrell Drive Unit 6, London North

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,320/mo
Range: $2,822 - $3,818
Cap Rate (ROI)
5.5%
Good

Monthly Cash Flow Breakdown

Rental Income+$3,320
Maintenance Fees-$422
Property Tax (est.)-$375
Insurance (est.)-$110
Net Cash Flow+$2,413

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $442/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.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $422/month fees should cover building insurance, common elements, and reserve contributions.

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 6 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.

About North R

I know North R 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.

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    285 Mcgarrell Drive Unit 6, London North | $529,900 | Battaglia Team