- Bedrooms
- 3+2
- Bathrooms
- 3
- Size
- 1,500–2,000sq ft
- Per sq ft
- $534at the range’s middle
- Lot
- Under 0.50 acres
- Tax a year
- $6,8732025 tax year
- Built
- 16-30
- Parking
- 42 attached
- Days on market
- Members
The brief
About 557 Inverness Ave
557 Inverness Ave is a 3+2-bedroom, 3-bathroom detached house in North P, London North, listed for sale at an asking price of $935,000 (MLS® X13177422).
WELCOME TO OAKRIDGE ACRES. THIS WELL MAINTAINED 3 PLUS 2 BEDROOM HOME IS SITUATED ON AN IMPRESSIVELY LARGE LOT SURROUNED BY MATURE TREES AND GARDENS IN ONE OF LONDON'S MOST DESIRABLE WEST-END NEIGHBOHOODS . THIS OVERSIZED BUNGALOW OFFERS AN EXCEPTIONAL OPPORTUNITY FOR BUYERS SEEKING THE COMFORT OF ONE FLOOR LIVING COMBINED WITH LOWER LEVEL LUXURY. THE LOWER LEVEL FEATURES APPROXIMENTLY 1300 SQ FT. OF PROFESSIONALLY FINISHED SPACE INCLUDING 2 BEDROOMS WITH EGRESS WINDOWS, HOBBY AREA/REC ROOM/SEWINGROOM/GYM, LOADS OF STORAGE AND A 3 PC BATHROOM WITH AN AMAZING SHOWER. AN ON DEMAND WATER HEATER IS OWNED. THE MAIN FLOOR FEATURES A WELL DESIGNED FLOOR PLAN INCLUDING A GREAT ROOM 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 STANDING BUILDING COMPLETE WITH HYDRO AND INSULATION IS PRESENTLY USED AS A WORKSHOP BUT HAS POSSIBILITES FOR A GRANNY FLAT OR IN HOME BUSINESS. PLUS A VERY NICE GARDEN SHED ALSO PROFESSIONALLY BUILT. A DOUBLE WIDE DRIVEWAY PROVIDES AMPLE PARKING AND A BEAUTIFUL GARAGE WITH AN EXPOXY FINISHED FLOOR. ADDITIONAL HIGHLIGHTS INCLUDE EXCELLENT SCHOOLS, CLOSE TO SHOPPING, CHURCHES, PARKS AND OAKRIDGE ARENA COMPLETE WITH A SUPERVISED SWIMMING POOL. THIS IS AN OUTSTANDING OPPORTUNITY TO OWN A FANTASTIC BUNGALOW ON A BEAUTIFUL LOT IN ONE OF LONDONS PREMIER NEIGHBOURHOODS. WELCOME TO OAKRIDGE.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall32/100−$1,339/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 9 detached homes with 5 bedrooms for lease in London North right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $6,873 / 2025
- MLS® number
- X13177422
- Board
- TRREB MLS®
- Property Type
- Detached
- Building Age
- 16-30
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 41.1 x 185 ft
- Listed on
- Parking
- 2 Attached, 4 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- North P
- Municipality
- London North
Building
- Size
- 1500-2000 sqft
- Building Age
- 16-30
- Construction
- Brick
Inside
- Bedrooms
- 3+2
- Bathrooms
- 3
- Bathroom Details
- 1 × 4pc Main, 1 × 5pc Main, 1 × 3pc Lower
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Driveway
- Pvt Double
- Garage Type
- Attached
- Garage
- 2
- Additional Parking
- 2
- Total Parking
- 4
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 41.1 ft
- Depth
- 185 ft
- Lot Size
- 41.1 x 185 ft
Additional
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- Fridge, Stove, Dishwasher, Washer, Dryer, TV Wall Mounts
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 6.86 × 4.55 m | Fireplace | Main |
| Dining | 3.0 × 4.4 m | Sliding Doors | Main |
| Kitchen | 4.12 × 3.19 m | Pantry | Main |
| Primary | 4.36 × 4.23 m | W/I Closet, 5 Pc Ensuite | Main |
| Bathroom | 2.9 × 2.64 m | 5 Pc Ensuite | Main |
| 2nd Br | 2.89 × 4.22 m | — | Main |
| 3rd Br | 3.49 × 3.39 m | — | Main |
| Laundry | 2.05 × 2.34 m | 4 Pc Bath | Main |
| Bathroom | 1.55 × 2.6 m | 4 Pc Bath | Main |
| Family | 8.34 × 8.93 m | — | Lower |
| Br | 4.0 × 3.98 m | W/I Closet | Lower |
| Br | 3.08 × 3.92 m | W/I Closet | Lower |
| Utility | 4.07 × 5.52 m | — | Lower |
| Bathroom | 1.56 × 3.28 m | 3 Pc Bath | Lower |
Listing history
Buy/sell history for 557 Inverness Ave, 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 | $935,000 | N/A | For Sale | X13177422 |
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
- $187,000
- Total mortgage amount
- $748,000
- Total interest payment
- $531,800
- Total purchase cost
- $1,466,800
- Mortgage payment
- $4,266/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
45%Monthly carrying cost
$4,839- Rent $3,500
- Shortfall $1,339
Rental income opens at $3,500, the median asking rent of 9 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
- $15,175
- Total land transfer tax
- $15,175
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $11,175
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 $935,000
- $10,700
- Ontario total
- $15,175
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
Lot
- Street frontage
- 41.1 ft12.5 m
- Depth
- 185 ft56.4 m
- Lot size
- Under 0.50 acresAs the board bands it
The record marks this lot irregular, so its area is not the frontage multiplied by the depth. It is not given here. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by GeoWarehouse.
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
- No water-supply well recorded within 250 m250 m
- Groundwater recorded about 4 m below ground nearbyThe middle water level in the well records within 500 m (22 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 home2
- Nearest rail line: 320 m320 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 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 — Greenway Pollution Control Centre, 1.4 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 40 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (40 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.40 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, NFTC, Rogers, Start Communications. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Execulink, Falcon Internet Services, Rogers, 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
Detached homes for sale in North P right now
- For sale now
- 12
- Median asking price
- $687K
- New in 7 days
- 4
- Price cuts
- 42%
Middle half: $648K to $720K
7 in 28 days
5 listings
This home is asking 36% above the median, higher than three quarters of them.
See all homes in North PAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Notre Dame Separate SchoolLondon District Catholic School Board | Catholic · grades JK–8 | 500 m | 95%Grade 6 average |
| Riverside Public SchoolThames Valley DSB | Public · grades JK–8 | 800 m | 69%Grade 6 average |
| Clara Brenton Public SchoolThames Valley DSB | Public · grades JK–8 | 1.4 km | 85%Grade 6 average |
| École élémentaire catholique Frère AndréConseil scolaire catholique Providence | French-language Catholic · grades JK–6 | 2.4 km | 85%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Oakridge Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 1.4 km | 64%Grade 9 math |
| Sir Frederick Banting Secondary SchoolThames Valley DSB | Public · grades 9–12 · French Immersion | 2.6 km | 55%Grade 9 math |
| St Thomas Aquinas Secondary SchoolLondon District Catholic School Board | Catholic · grades 9–12 | 3.2 km | 64%Grade 9 math |
| École secondaire catholique Monseigneur-BruyèreConseil scolaire catholique Providence | French-language Catholic · grades 9–12 | 6.7 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 P are shown to signed-in members.