Loading neighbourhood intel…
Loading neighbourhood intel…
$475,000
601 Grenfell Drive · London · Ontario N5X 4E4
73 days on market
Discover easy one-floor living in this beautifully updated 2-bedroom, 2-bathroom bungalow condo, perfectly positioned to all you need . Step inside to a bright, spacious layout designed for both comfortable everyday living and easy entertaining. The generous living area features a cozy gas fireplace, while the open kitchen offers plenty of workspace, and a natural connection to the dining area.The primary bedroom provides a private retreat with a walk-in closet and 3-piece ensuite and the second…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $25KPrice reduction
MLS shows the seller reduced the asking price by $25,000 (from $500,000 to $475,000).
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: EXIT REALTY COMMUNITY
Source: TRREB/PROPTX · MLS® X13663656
Do you own a home in London North?
Find out what it's worth — and what you'd walk away with after mortgage, commission and fees.
Get My StreetValue™ →Monthly carrying costs, utilities, and closing cost estimates.
20%+ down — no CMHC premium
≈ $0.07/ft² × ~1,300 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 42% of your true cost of ownership. The other 58% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $21,624 | $1,802/mo |
| Government & taxes | ||
| Property tax | $3,319 | $277/mo |
| Land transfer tax(closing) | $5,975 | $498/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Gas | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $4,750 | $396/mo |
| Condo fees | ||
| Condo / HOA fees | $4,692 | $391/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $51,020 | $4,252/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.