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40 Fairfax Court #1

London North, N6G 3Y3·MLS® X13231332·

Listing courtesy of Initia Real Estate (ontario) LTD·Updated 6 hours ago

3Beds
3Baths
1,200-1,399Sqft
Year Built

Listing price

$399,900

Est. $1,905/mo

Days on market

8

Listed Jun 2, 2026

Description

Stunning fully renovated end-unit townhome offering exceptional privacy, space, and modern living. This move-inready home was fully renovated back in 2021 with few additional upgrades completed in 2026, including newflooring throughout the house and carpet is replaced in basement and on stairs, bathrooms, whole house freshlypainted, and brand new Kitchen Appliances. The open-concept layout features a stylish kitchen with elegant whitemarble finishes, flowing into a spacious dining or secondary living area. The bright living room boasts a split-leveldesign with soaring double-height ceilings and a sleek glass handrail. The primary bedroom offers great privacy,morning sunlight, a walk-in closet, and a private 2-piece ensuite, while two additional bedrooms provide amplespace for family living. The finished basement adds versatility as a fourth bedroom or recreation area. The garage isupgraded with heating and cooling and was used as an office and gym. Other. Major updates include a durable metalroof (2024), furnace (2025), owned water heater, and water filtration system (2025). As an end-unit, the homeenjoys extra outdoor space, no rear neighbors, and a private, tree-lined backyard setting. Ideally located just minutesfrom shopping, restaurants, parks, schools, bus stops, and community amenities, in a quiet, family-friendlyneighborhood with ample nearby parking. Close to student housing demand, this property also presents a stronginvestment opportunity. A rare combination of modern upgrades, privacy, and prime location.

Property details

Garage

1 car Attached

Basement

Full

Parking

2 spaces

Type

Condo Townhouse — Multi-Level

Heating

Forced Air

AI property estimate

$412,297Above Market
$388,303$436,291

82% confidence · 8 comparable sales analysed

Location & neighbourhood

Sherwood Forest

London North, ON

Established northwest neighbourhood with mature trees and proximity to Western University.

Monthly payment estimate

Mortgage (5.24%, 25yr)$1,905
Property tax$433
Insurance (est.)$83
Utilities (est.)$250
Total monthly$2,671

Land transfer tax

Ontario LTT

$4,474

First-time rebate

$4,000

First-time buyer rebate of up to $4,000 may apply. Consult a lawyer for eligibility.

Price & listing history

Jun 2, 2026Listed
$399,900

Sold comparables nearby

282 HOMESTEAD Crescent, London NorthSold

$370,000

282 HOMESTEAD Crescent, London North

3 bd·2 ba·1,200-1,399 sqft
599 Gainsborough Road, London NorthSold

$368,000

599 Gainsborough Road, London North

3 bd·2 ba·1,000-1,199 sqft

See all 10 comparables

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Market conditions · North L

Buyer's marketBalancedSeller's market

Avg. sold price

$682,400

+5.2%

Avg. days on market

18

−3d

Sale-to-list ratio

101.2%

+0.8%

Investment analysis

Est. monthly rent

$1,600

Rental yield

4.8%

Est. cash flow

-$1,071

Cap rate

3.3%

Best time to sell

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Peak
Good
Average

Affordability

Minimum household income required

$100,157

Based on 20% down, 5.24% stress test rate, 25yr amortization, 32% GDS ratio.

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AI estimate

$412,297

Above Market

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