155 RIVER RUN TERRACE, London East (East P)

$549,900

For sale: Detached

Detached at 155 RIVER RUN TERRACE, London East (East P)
Property type
Detached
Bedrooms / bathrooms
3 bedrooms, 2 bathrooms
Living area
1,100 sqft
MLS®
MLS® X14128054
Neighbourhood
East P

Move in ready, extensively updated and offering 1,652 sq. ft. of total finished living space, including the lower level**, all while backing directly onto a park! This detached raised bungalow offers 3 bedrooms, 2 full bathrooms, a finished lower level and parking for three vehicles. With a new roof installed in 2023 and numerous updates throughout, much of the work has already been done. The main level features hardwood flooring throughout the principal living areas, an updated kitchen with plenty of cabinetry and counter space, and a refreshed modern bathroom. The bright living and dining areas offer a comfortable layout for everyday living and entertaining. Downstairs, the finished lower level features high ceilings, new laminate flooring, a cozy gas fireplace, an additional bedroom, full bathroom and separate rear entrance. The raised ranch design lends itself exceptionally well to an in law suite or potential secondary dwelling, offering an attractive opportunity for extended family living or buyers looking to explore rental income possibilities, subject to municipal approvals. Outside, the fully fenced backyard backs directly onto a park and features a patio added approximately five years ago and a convenient storage shed. The location is another standout! Enjoy walking distance to nearby parks and London's popular East Park Golf Gardens, with convenient access to bus routes connecting to Fanshawe College and downtown London. Additional improvements include new appliances throughout, with the exception of the stove. With its desirable park setting, extensive updates, convenient location and excellent income potential, this home offers tremendous versatility for homeowners and investors alike!

Sold data

Homes in East P — recent sold market

Homes in East P took a median of 16 days to sell over the last 730 days, with the quickest quarter selling within 9 days and the slowest quarter taking more than 27, across 56 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 28 days.

The median sale price was $549,900.

Homes sold for about 1.9% below asking on average, so there was room to negotiate.

About 23% of sales closed above the list price.

Around 14% of sellers reduced their price before finding a buyer.

Median days to sell
16
Median sale price
$549,900
Sale-to-list ratio
98.1%
Sold above asking
23%

Based on 56 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in London East (East P)

London East (East P) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.

Rated schools
116
Elementary
97
Secondary
19
Average rating
5.5 / 10

Top-rated schools in London East (East P)

  • John Dearness — elementary, LondonFraser rating 9.8/10
  • St George — elementary, LondonFraser rating 9.1/10
  • Jack Chambers — elementary, LondonFraser rating 8.8/10
  • Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
  • London Central — secondary, LondonFraser rating 8.7/10
  • Ryerson — elementary, LondonFraser rating 8.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 155 RIVER RUN TERRACE