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$935,000

Est. $4,380/mo mortgage

3+2bd·3ba·1,500-2,000sqft

557 Inverness Avenue · London North, N6H 5R3

MLS® X13832098

2 days on market2 days on market

Listed Sep 26, 2026

Listing courtesy of Royal Lepage Triland Realty·Updated 13 hours ago

Description

WELCOME TO OAKRIDGE ACRES. THIS WELL MAINTAINED 3 PLUS 2 BEDROOM HOME IS SITUATED ON AN IMPRESSIVELY LARGE LOTSURROUNED BY MATURE TREES AND GARDENS IN ONE OF LONDON'S MOST DESIRABLE WEST-END NEIGHBOHOODS . THIS OVERSIZEDBUNGALOW OFFERS AN EXCEPTIONAL OPPORTUNITY FOR BUYERS SEEKING THE COMFORT OF ONE FLOOR LIVING COMBINED WITH LOWERLEVEL LUXURY. THE LOWER LEVEL FEATURES APPROXIMENTLY 1300 SQ FT. OF PROFESSIONALLY FINISHED SPACE INCLUDING 2 BEDROOMSWITH EGRESS WINDOWS, HOBBY AREA/REC ROOM/SEWINGROOM/GYM, LOADS OF STORAGE AND A 3 PC BATHROOM WITH AN AMAZINGSHOWER. AN ON DEMAND WATER HEATER IS OWNED. THE MAIN FLOOR FEATURES A WELL DESIGNED FLOOR PLAN INCLUDING A GREATROOM AND KITCHEN/DINING ROOM WITH 2 SKYLIGHTS, FIREPLACE, THREE BEDROOMS AND TWO BATHROOMS INCLUDING AN EN-SUITE.THE COVERED PATIO OVERLOOKS A PRIVATE FENCED YARD. PERFECT FOR ENTERTAINING. A PROFESSIONALLY FINISHED FREE STANDINGBUILDING COMPLETE WITH HYDRO AND INSULATION IS PRESENTLY USED AS A WORKSHOP BUT HAS POSSIBILITES FOR A GRANNY FLAT ORIN HOME BUSINESS. PLUS A VERY NICE GARDEN SHED ALSO PROFESSIONALLY BUILT. A DOUBLE WIDE DRIVEWAY PROVIDES AMPLEPARKING AND A BEAUTIFUL GARAGE WITH AN EXPOXY FINISHED FLOOR. ADDITIONAL HIGHLIGHTS INCLUDE EXCELLENT SCHOOLS, CLOSETO SHOPPING, CHURCHES, PARKS AND OAKRIDGE ARENA COMPLETE WITH A SUPERVISED SWIMMING POOL. THIS IS AN OUTSTANDINGOPPORTUNITY TO OWN A FANTASTIC BUNGALOW ON A BEAUTIFUL LOT IN ONE OF LONDONS PREMIER NEIGHBOURHOODS. WELCOME TOOAKRIDGE.

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Property details

Interior

Size
1500-2000 sqft
Bedrooms
3 above grade, 2 lower level
Rooms
6 rooms
Bathrooms
1 × 4-piece on Main, 1 × 5-piece on Main, 1 × 3-piece on Lower
Basement
Finished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Age
16-30 years
Lot size
41.1 × 185 ft · < .50 acres
Exterior
Brick, Vinyl Siding
Foundation
Concrete
Roof
Asphalt Shingle
Water & sewer
Sewer

Parking

Garage
2 car Attached
Driveway
Private Double (2 spaces)
Parking
4 spaces

Fees & taxes

Property tax
$6,873/yr (2025)

Rooms

Main

Bedroom 3
3.39 × 3.49 m
Bedroom 2
4.22 × 2.89 m
Dining Room, Sliding Doors
4.4 × 3 m
Kitchen, Pantry
3.19 × 4.12 m
Living Room, Fireplace
4.55 × 6.86 m
Laundry, 4 Pc Bath
2.34 × 2.05 m
Bathroom, 4 Pc Bath
2.6 × 1.55 m
Primary Bedroom, walk-in closet(s), 5 pc ensuite
4.23 × 4.36 m
Bathroom, 5 Pc Ensuite
2.64 × 2.9 m

Lower

Bedroom, Walk-In Closet(s)
3.92 × 3.08 m
Bedroom, Walk-In Closet(s)
3.98 × 4 m
Bathroom, 3 Pc Bath
3.28 × 1.56 m
Utility Room
5.52 × 4.07 m
Family Room
8.93 × 8.34 m

AI property estimate

$781,264Estimate is ~16.4% below asking

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

$703,138$859,390

80% confidence · 40 sold homes within 2 km, by price per sq ft

Location & neighbourhood

Directions
Old East Village →

London North, ON

Vibrant arts district with walkable streets and character homes.

Monthly paymentest. $5,389/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$4,380
Property tax$563
Insurance (est.)$195
Utilities (est.)$250
Total monthly$5,389
Land transfer tax$15,175 on closing

Ontario LTT

$15,175

First-time rebate

−$4,000

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

Price & listing history

$935,000

Listed Sep 26, 2026

On the market

Earlier listings for this property are shown to registered users under our VOW agreement with LSTAR.

Sold comparables nearby

921 Guildwood Boulevard, London NorthSold

921 Guildwood Boulevard, London North

4 bd·4 ba·2,000-2,500 sqft
25 Havenridge Crescent, London NorthSold

25 Havenridge Crescent, London North

4 bd·3 ba·1,500-2,000 sqft

See what these 6 homes sold for

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Market conditionsBuyer's market in Old East Village

Homes here are selling below asking. Based on 6 sales in the last 90 days, at an average of 95.1% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$743,000

Sale-to-list ratio

95.1%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $226,000 household income

Minimum household income required

$226,000

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$2,650/mo median for 3 bed nearby

$2,650/month is the median rent for 3-bedroom homes leased within 3km over the past 12 months, across 73 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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