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$1,100,000

Est. $5,153/mo mortgage

3bd·3ba·2,000-2,500sqft

408 Old Riverside Drive · London North, N6H 4T3

MLS® X13489270

90 days on market90 days on market

Listed Jun 25, 2026

Listing courtesy of Sutton Group Chapman Realty INC.·Updated Aug 19

Description

Rarely does an opportunity like this come along. Nestled on a spectacular 1.3-acre riverfront lot, this fully renovated sprawling bungalow offers the perfect blend of luxury, flexibility, and natural beauty. Set on a park-like property measuring an impressive 100 feet wide by 580 feet deep, this is truly a private sanctuary within the city. Step inside to discover a bright and spacious 2,000 sq. ft. open-concept floor plan highlighted by soaring cathedral ceilings and thoughtfully designed living spaces. The gourmet kitchen is a chef's dream, featuring a double-wide refrigerator, professional-grade double gas oven, abundant workspace, and seamless flow into the main living areas. The great room is the heart of the home, complete with a custom built-in wall unit and a striking gas fireplace that creates a warm and inviting atmosphere. With 3 bedrooms and 3 full bathrooms, comfort and convenience abound. A unique feature of this home is its versatile layout, allowing the main level to function as two separate suites, each with its own primary bedroom. This arrangement is ideal for multi-generational living, accommodating an elderly parent, extended family, guests, or even generating additional income. The lower level includes a finished room perfect for a rec room, home office, gym, or hobby space. Outside, enjoy exceptional outdoor living with a covered rear porch overlooking the grounds and a large patio designed for entertaining. Practical features include parking for up to 8 vehicles, an oversized detached garage with 220-amp service, and endless space to enjoy nature right at your doorstep. A rare combination of riverfront living, modern upgrades, and incredible flexibility-this exceptional property must be seen to be appreciated.

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Property details

Interior

Interior
2000-2500 sqft
Rooms
6 rooms
Bathrooms
2 × 4-piece, 1 × 5-piece
Basement
Unfinished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Age
51-99 years
Lot size
100.69 × 581.22 ft
Exterior
Brick
Foundation
Concrete
Roof
Shingles
Water & sewer
Sewer

Parking

Garage
1 car Detached
Parking
9 spaces

Fees & taxes

Property tax
$9,455/yr (2025)

AI property estimate

$800,136Estimate is ~27.3% below asking

Automated estimate from recent comparable sales, not a formal appraisal, and not a statement that this listing is priced incorrectly.

$720,122$880,150

70% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Westmount

London North, ON

Central location with easy access to downtown and Western University.

Monthly paymentest. $6,295/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$5,153
Property tax$663
Insurance (est.)$229
Utilities (est.)$250
Total monthly$6,295
Land transfer tax$18,475 on closing

Ontario LTT

$18,475

First-time rebate

$4,000

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

Price & listing history

$1,100,000

Listed Jun 25, 2026

On the market

Sold comparables nearby

316 Ridgewood Crescent, London SouthSold

316 Ridgewood Crescent, London South

4 bd·2 ba·1,100-1,500 sqft
104 - 25 Becher Street, London SouthSold

104 - 25 Becher Street, London South

2 bd·3 ba·1,100-1,500 sqft

See what these 6 homes sold for

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Market conditionsSeller's market in London North

Homes here are selling above asking. Based on 6 sales in the last 90 days, at an average of 106.3% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$577,167

Sale-to-list ratio

106.3%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $265,000 household income

Minimum household income required

$265,000

Based on 20% down, a 7.07% qualifying rate (the 5.07% contract rate plus two points), 25 year amortization and a 32% GDS ratio. Rounded to the nearest thousand.

Not sure about financing? Ask Colin
Rental market$2,600/mo median for 3 bed nearby

$2,600/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 53 leases.

What comparable homes actually leased for, not an estimate of what this one would rent for. Rent depends on condition, finishes and timing in ways this figure cannot see.

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Your advisor

Oak and Key Real Estate Brokerage Inc.

Colin Abbot

Broker

519-859-4579 · colin@searchlondonhomes.com

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