$415,000
For sale: Detached

This East London home is perfect for investors, or for a family in need of an in-law suite. The basement has a separate entrance and is accessed from the rear of the home. The main floor is currently tenanted, and the buyer must assume the current tenants upon closing. Many updates have been made to the upper level, as well as the basement. Close to major bus routes, shopping, schools, and parks.
Sold data
Detached homes in London East (East I) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 46, across 778 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.
The median sale price was $629,900.
Homes sold for about 2.8% below asking on average, so there was room to negotiate.
About 14% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 778 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
London East (East I) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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