$699,900
For sale: Detached

Exceptional investment in a prime location, ideally situated between Downtown London and Western University. This spacious 5-bedroom, 3-bathroom home offers five above-grade bedrooms and a functional layout that is highly desirable for student living. Features include soaring 10-foot ceilings, an open-concept kitchen and living area, beautiful stained glass windows, original character trim, and updated flooring in select areas.Recent improvements include a newer furnace, a newly built front deck, and a spacious rear deck perfect for outdoor entertaining. Additional highlights include main floor laundry, all appliances included, and parking for up to five vehicles. Located on a sought-after stretch of Richmond Street, close to campus, transit, restaurants, shopping, and downtown amenities, this is an outstanding opportunity for investors looking to secure a quality home in a high-demand location. Some photos are virtually staged.
Sold data
Detached homes in London East (East B) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 46 days.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 B) 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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