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$2,750,000

Estimated value $2.6M–$2.7M

Est. $12,883/mo mortgage

5bd·5ba·5000 +sqft

569 Franklinway Gate · London North, N6G 5C8

MLS® X13867074

6 days on market6 days on market

Listed Oct 6, 2026

Listing courtesy of Saker Realty Corporation·Listing last changed 4 days ago

Key facts

Property type
Detached
Square footage
5000 + sqft
Lot size
135.97 × 391 ft
Age
16-30 years
Parking
18 spaces
Property tax
$19,731/yr (2025)

Description

NORTH LONDON ESTATE ON 1 ACRE WITH RAVINE & CREEK! Nearly 7,000 sq. ft. of impressive living space offering exceptional privacy, space and amenities rarely found within the city. Featuring large, bright and open principal rooms, plus an incredible primary suite that feels more like a private apartment than a bedroom. Outside is where this property truly separates itself - enjoy an 80' x 40' sports court that can double as a private skating rink in the winter, a custom 10' x 8' stone hot tub, heated stone patios and oversized utilities already designed with a future infinity pool in mind. Inside you'll also find a massive 37' exercise room along with countless additional features and upgrades throughout. Set on a spectacular one-acre property backing onto a ravine and creek, this is a home that needs to be experienced in person. Offered at less than half of its estimated replacement cost. WATCH THE VIDEO, REVIEW THE ATTACHED DOCUMENTS AND BOOK YOUR PRIVATE SHOWING!

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Property details

Interior

Size
5000 + sqft
Rooms
20 rooms
Bathrooms
2 × 5-piece on Main, 1 × 4-piece on Main, 1 × 2-piece on Main, 1 × 2-piece on Upper
Basement
Unfinished
Heating
Forced Air
Cooling
Central Air

Building & lot

Type
Detached, Bungalow
Age
16-30 years
Lot size
135.97 × 391 ft
Exterior
Stone, Brick
Foundation
Poured Concrete
Roof
Cedar
Water & sewer
Septic

Parking

Garage
3 car Attached
Driveway
Circular Drive, Private Triple (15 spaces)
Parking
18 spaces

Fees & taxes

Property tax
$19,731/yr (2025)

Estimated value range

$2.6M–$2.7M

An automated range from recent comparable sales nearby. It is not an appraisal and says nothing about whether this home is priced correctly; condition, finishes and timing are outside what it can see.

Based on a model of 13,409 London sales through September 2026; it lands within 10% of the sold price on 64% of homes. Shown within 5% of the asking price.

Location & neighbourhood

Directions
Masonville →

London North, ON

Upscale living near Western University and Masonville Place.

Monthly paymentest. $15,363/mo all in

Monthly payment estimate

Mortgage (5.07%, 25yr)$12,883
Property tax$1,644
Insurance (est.)$573
Utilities (est.)$250
Total monthly$15,350
Land transfer tax$55,225 on closing

Ontario LTT

$55,225

First-time rebate

−$4,000

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

Price & listing history

$2,750,000

Listed Oct 6, 2026

On the market

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

Sold comparables nearby

26 GRASMERE Crescent, London NorthSold

26 GRASMERE Crescent, London North

4 bd·4 ba·2,500-3,000 sqft
1049 Melsetter Way, London NorthSold

1049 Melsetter Way, London North

4 bd·4 ba·3,000-3,500 sqft

See what these 6 homes sold for

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Market conditionsBuyer’s market in London

6.4 months of inventory: buyers have more options and negotiating power. Nearby, 6 sales in the last 90 days went for an average of 95.5% of asking.

Buyer's marketBalancedSeller's market

Avg. sold price

$812,083

Sale-to-list ratio

95.5%

Based on 6 recent comparable sales near this home.

Affordabilityneeds $655,000 household income

Minimum household income required

$655,000

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.

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Oak and Key Real Estate Brokerage Inc.

Colin Abbot

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519-859-4579 · colin@searchlondonhomes.com

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