$899,900
For sale: Detached

Amazing Opportunity! Two acres within London city limits! This is a once in a lifetime opportunity to either buy an extravagant primary residence with over 2 acres or buy it and convert it to what suits you. This parcel of land has multiple uses permitted along with city of London working to provide Municipal services. This sprawling quality-built ranch is on a lovely tree-lined parcel with quick access to Veterans Memorial Parkway, the 401 and the airport! Zoned Urban Reserve 6 with lots of current uses and potential for development in the future as London grows! Great views through the quality newer windows throughout! High End 50 year roof (approx.) has many more years of life. All principal rooms are huge! Two kitchens. Two cold cellars, Two gas fireplaces. Great layout with a bedroom wing on one side.Spacious master bedroom has a large walk-in closet in addition to the 3 piece ensuite bathroom and a lovely view of the backyard. Beautiful hardwood and tile floors in all finished areas of both levels other than main floor family room which has carpet. Main floor features a full 4-piece main bathroom plus a 2 piece powder room in addition to the 3 piece ensuite. Newer stainless steel refrigerator and stove in main floor kitchen which also boasts 2 pantries. Extra bedroom in the lower level is currently set up as a TV room. It just needs a door added to the kitchen entrance. Oversized attached double garage (23 wide x 21 deep) plus direct access to the lower level (not included in measurement). Natural Gas is used as the home fuel (Furnace 2018) which is rare for a "country home". Owned hot water tank (2020). This quality built custom home on a 2 acre parcel must be seen to be believed!
Sold data
Detached homes in London South (South U) 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 45, across 783 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 44 days.
The median sale price was $639,900.
Homes sold for about 2.7% below asking on average, so there was room to negotiate.
About 15% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 783 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
London South (South U) 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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