$1,692,000
For sale: Detached

Value is in the land, currently has an older residential home on the site. Ideal small development in a popular south London area close to the 401. Possibilities for the site are severing 5 or 6 residential lots fronting on Bateman Trail, small commercial plaza, or small mixed commercial / residential low rise. All changes are subject to approval by the City of London.
Sold data
Detached homes in London South (South W) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.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 South (South W) 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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