$1,485,000 - 561 Plane Tree Drive, London North
Detached for Sale in London North
89 days on market- MLS Number
- X12978620
- Property Type
- Detached
- Status
- active
- Days on Site
- 89
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- London North
- Listing Brokerage
- SUTTON GROUP PREFERRED REALTY INC.
Welcome to this beautiful 'Crown Homes' built walkout ranch in the prestigious Sunningdale Community.Pride of ownership is previlent throughout this orginal owner custom built home!The exterior of this property is 'picture perfect' with extensive gardens and trees, a fabulous private heated pool (new liner 2019), personal putting green (2015), Beachcomber hottub and great outdoor entertaining spaces on the lower patio with a power awning or on the upper deck (rebuild 2019). The metal roof adds a high end look and was installed in 2018.The interior boasts the perfect floor plan for todays lifestyle whether for a couple or large family! There are two bedrooms on the main floor and three more on the lower level plus four bathrooms! On the main floor leading from the foyer, you have a private den and a formal dining area. Across the rear of the house there is a sunlite Greatroom with catherderal ceiling and gas fireplace open to the gourmet cherry wood kitchen and eating area. The primary suite has a three section French glass door accessing the rear deck, plenty of closet space and a 5 piece ensuite. A peaceful retreat! The lower level maintains the same high trim level as the upper floor. There is huge family room with built-ins and a gas fireplace, wine cellar, gym area with plate glass doors, wet bar and large windows and a triple French glass door to the rear yard. Three more bedrooms, two with a 'Jack and Jill bathroom and another 3 piece bathroom for the third bedroom! This is a home that you have to visit to appreciate all that it has to offer. Check out the Multi Media pictures and video, do a drive-by to appreciate it style and check out the neighbourhood, and then let's book your private showing!' Details of all the upgrades and maintenance can be found in document section of the Realtors listing'
Estimate your monthly payments for this property
Estimated Payment
$6,568.66/mo
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.
561 Plane Tree 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 $743/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 89 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.
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.
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 $6,188 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.