- Bedrooms
- 2+1
- Bathrooms
- 3
- Size
- 1,800–1,999sq ft
- Per sq ft
- $437at the range’s middle
- Tax a year
- $8,3992025 tax year
- Built
- 16-30
- Parking
- 42 attached
- Days on market
- Members
The brief
About 61-1040 Riverside Dr
61-1040 Riverside Dr is a 2+1-bedroom, 3-bathroom condo townhouse in North Q, London North, listed for sale at an asking price of $829,900 (MLS® X13794926).
Welcome to this spacious detached bungalow condominium offering nearly 3,000 sq ft of finished living space (including the lower level) in a well-managed North London community. Thoughtfully designed with 2+1 bedrooms and 3 bathrooms, this home features a main-floor primary suite complete with a walk-in closet and a luxurious 5-piece ensuite, along with a second main-floor bedroom and full bathroom-ideal for single-level living. The open-concept living and dining areas are anchored by a two-way natural gas fireplace, creating a warm connection between the spaces, while the eat-in kitchen and breakfast room with patio-door access lead to a private deck, perfect for enjoying morning coffee, casual meals, or time outdoors. The lower level expands the living space with an additional bedroom, a den suitable for overnight guests, a large recreation room, and generous unfinished areas perfect for storage or future customization. Additional highlights include main-floor laundry with sink, an attached double garage with private driveway parking for four vehicles, a west-facing deck, central air, and forced-air gas furnace/heat pump heating. Condo fees include common elements and access to the community's saltwater pool, which is open from June to September. The property is vacant with flexible possession available. Conveniently located near Riverside Drive and Hyde Park Road, with easy access to amenities like shopping, restaurants, green space, and major routes.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall9/100−$2,552/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 23 condos with 3 bedrooms for lease in London North right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $8,399 / 2025
- MLS® number
- X13794926
- Board
- TRREB MLS®
- Property Type
- Det Condo
- Building Age
- 16-30
- Days on market
- Size
- 1800-1999 sqft
- Listed on
- Parking
- 2 Attached, 4 Parking
Property details
Property
- Property Type
- Det Condo
- Style
- Bungalow
- Community
- North Q
- Municipality
- London North
Building
- Size
- 1800-1999 sqft
- Building Age
- 16-30
- Construction
- Brick Front
Inside
- Bedrooms
- 2+1
- Bathrooms
- 3
- Bathroom Details
- 1 × 5pc Main, 1 × 4pc Main, 1 × 3pc Bsmt
- Basement Type
- Partly Finished
- Kitchens
- 1
Parking
- Garage Type
- Attached
- Garage
- 2
- Additional Parking
- 2
- Total Parking
- 4
Utilities
- Cooling
- Central Air, Other
- Heating Type
- Forced Air
Additional
- Foundation
- Poured Concrete
- Roof
- Cedar
- Fireplace
- Yes
- Den
- Yes
- Family room
- Yes
- Extras
- Fridge, Dishwasher, Stove, Washer & Dryer, IKEA shelving in unfinished storage area of basement.
- Condo maint.
- $565
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Dining | 4.23 × 4.69 m | 2 Way Fireplace | Main |
| Living | 5.02 × 5.54 m | 2 Way Fireplace | Main |
| 2nd Br | 4.2 × 4.9 m | Closet | Main |
| Furnace | 9.57 × 11.91 m | — | Bsmt |
| Rec | 5.42 × 8.12 m | — | Bsmt |
| Breakfast | 3.81 × 4.26 m | — | Main |
| Utility | 2.43 × 3.16 m | — | Bsmt |
| 3rd Br | 3.9 × 4.55 m | W/I Closet | Bsmt |
| Den | 3.56 × 3.57 m | Closet | Bsmt |
| Foyer | 2.18 × 3.92 m | — | Main |
| Kitchen | 3.32 × 4.59 m | — | Main |
| Br | 4.56 × 5.47 m | W/I Closet, 5 Pc Ensuite | Main |
Listing history
Buy/sell history for 61-1040 Riverside Dr, London North, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $829,900 | N/A | Sce | X13794926 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $165,980
- Total mortgage amount
- $663,920
- Total interest payment
- $472,180
- Total purchase cost
- $1,302,080
- Mortgage payment
- $3,787/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
74%Monthly carrying cost
$5,052- Rent $2,500
- Shortfall $2,552
Rental income opens at $2,500, the median asking rent of 23 comparable homes for lease in London North. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $13,073
- Total land transfer tax
- $13,073
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $9,073
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $829,900
- $8,598
- Ontario total
- $13,073
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- No mapped wetland within 120 m120 m
- 4 water-supply wells recorded within 250 mAll were drilled for domestic use; 1 test or monitoring hole also recorded. From Ontario’s well records; locations can be approximate. The records do not show how this home gets its water. Wells nearby typically go down about 32.3 m.250 m
- Groundwater recorded about 22.6 m below ground nearbyThe middle water level in the well records within 500 m (20 records). It changes with the season and from spot to spot.500 m
Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- 2 licensed pits or quarries within 2 kmThe nearest is 970 m away, as mapped.2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Corporation of the City of London — Oxford Pollution Control Plant, 2.6 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by London Hydro Inc.At the address
- Wired internet 50/10 Mbps or faster is listed at a household 60 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (60 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.60 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, TekSavvy, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Upper Thames River Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| West Oaks French Immersion Public SchoolThames Valley DSB | Public · grades JK–8 · French Immersion | 1.1 km | 88%Grade 6 average |
| Riverside Public SchoolThames Valley DSB | Public · grades JK–8 | 1.4 km | 69%Grade 6 average |
| St George Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 1.4 km | 94%Grade 6 average |
| École élémentaire Marie-CurieConseil scolaire Viamonde | French-language public · grades JK–6 | 1.9 km | 88%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Oakridge Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 1.6 km | 64%Grade 9 math |
| St Thomas Aquinas Secondary SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 2.1 km | 64%Grade 9 math |
| Saunders Secondary SchoolThames Valley DSB | Public · grades 9–12 | 2.5 km | 46%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 8.7 km | 57%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in North Q are shown to signed-in members.