$549,900
London East
Times shown are local to the property.
155 River Run Terrace, London East (East P), Ontario, N5W5Z2
This 3-bedroom, 2-bathroom home in London East is for sale offering roughly 900 sq ft of space. Listed at $549,900, it is attractively priced about 13% below the $629,900 median asking price in London East. It has been on the market 8 days, fresher than the London East average of 55 days.
Move in ready, extensively updated and offering 1,652 sq. ft. of total finished living space, including the lower level**, all while backing directly onto a park! This detached raised bungalow offers 3 bedrooms, 2 full bathrooms, a finished lower level and parking for three vehicles. With a new roof installed in 2023 and numerous updates throughout, much of the work has already been done. The main level features hardwood flooring throughout the principal living areas, an updated kitchen with plenty of cabinetry and counter space, and a refreshed modern bathroom. The bright living and dining areas offer a comfortable layout for everyday living and entertaining. Downstairs, the finished lower level features high ceilings, new laminate flooring, a cozy gas fireplace, an additional bedroom, full bathroom and separate rear entrance. The raised ranch design lends itself exceptionally well to an in law suite or potential secondary dwelling, offering an attractive opportunity for extended family living or buyers looking to explore rental income possibilities, subject to municipal approvals. Outside, the fully fenced backyard backs directly onto a park and features a patio added approximately five years ago and a convenient storage shed. The location is another standout! Enjoy walking distance to nearby parks and London's popular East Park Golf Gardens, with convenient access to bus routes connecting to Fanshawe College and downtown London. Additional improvements include new appliances throughout, with the exception of the stove. With its desirable park setting, extensive updates, convenient location and excellent income potential, this home offers tremendous versatility for homeowners and investors alike! (id:66096)
Features and services as supplied by the listing brokerage.
Active: 8 days on market, against an average age of 55 days across the listings currently for sale in this city
This 3-bed single family in London East (East P) has been listed for 8 days, which is 47 days fresher than the city average of 55. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $549,900, about 8.5× the local median household income of $64,500.
Carrying it typically needs a household income of about $107,415 (20% down, 25-yr amortization, stress-tested) — roughly 67% above the area median.
Source: Statistics Canada, 2021 Census (FSA N5W)
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.