$589,900
For sale: Detached

Located at the crossroads of two outstanding Old South streets, Wortley Rd and Franklin Ave, this distinctive five-bedroom, three-bath century home is being offered for sale for the first time in more than 60 years. The home's rooms have been configured over the years with flexibility in mind. Beginning in the mid-1960's, it was used as a non-conforming duplex for an extended period and was later utilized as a single family home. It again operated as two separate living units. The current layout displays parts of that history, while also offering an excellent opportunity for a future owner to reimagine the home as it was originally intended, a spacious single-family residence. A bedroom is located on each of the homes three levels: the main floor, upper second floor, and basement. The basement includes a bedroom, laundry room with utility sink, two-piece bathroom, workshop, oversized cold room, and additional storage. The cold room is enormous and provides and exceptional amount of practical storage space. The homes impressive front porch is one of it's most inviting features. Complete with a large awning to filter the afternoon sun, it functions as an outdoor room for relaxing, entertaining, and enjoying the character of this established neighbourhood. A rare Old South advantage is the double garage, accessed from Franklin Avenue. It includes substantial upper-level storage as well as an attached shed for securely storing landscaping equipment and other belongings. Full of character, flexibility, and potential , this unique property is ready for a new owner to restore, update, and put their own stamp on an Old South gem.
Sold data
Detached homes in London South (South G) took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 41, across 897 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 38 days.
The median sale price was $639,900.
Homes sold for about 2.4% below asking on average, so there was room to negotiate.
About 19% of sales closed above the list price.
Around 22% of sellers reduced their price before finding a buyer.
Based on 897 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
London South (South G) 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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