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Price Change$1,175,000

408 Old Riverside Drive

North N, London North

$1,100,000

Detached|Bungalow
3 | 3 | 9
About this home

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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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age51-99
Size2000-2500 sq. ft.
Property Tax$9,455
Lot Size100.69 ft x 581.22 ft
mls© NumberX13489270
Listed BySUTTON GROUP CHAPMAN REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,630
Property tax
$788
Heat allowance
$150
Housing costs
$6,568 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $220,000
25-yr amortization

Income needed

$202,000

gross annual household income

Payment at 4%
$4,629 / mo
Cash down
$220,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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