148 Somerset Cres

South K, London, N6K 3M4
FOR SALE
$1,049,900
148 Somerset Cres, London
148 Somerset Cres
148 Somerset Cres
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148 Somerset Cres
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4 + 1
BEDROOMS
4
BATHROOMS
1
KITCHENS
15 + 7
ROOMS
X9306836
MLSID
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Property Description
Nestled in the hills of desirable Byron, this impressive 2-storey home is located on a quiet crescent atop a sprawling 0.235-acre lot. You must see this home in person to truly appreciate its size and grandeur, offering 3,118 ex. sq. ft. above grade, plus a spacious finished basement. With 4+1 bedrooms (two with ensuites and walk-in closets) and 4 bathrooms, this property is the ideal family home. As you enter, a grand spiral staircase greets you. Oak wood tones paired with contemporary decor create a warm yet stylish ambiance throughout. The kitchen features solid cabinetry, granite countertops, updated appliances, a center island, and ample storage. From the kitchen, you can overlook the beautiful living room with its striking wood beams, cozy fireplace, and a serene reading nook that offers views of the stunning backyard. On the main floor, you'll also find formal living and dining rooms, powder room along with laundry. Upstairs, the home features four generously sized bedrooms, 3 bathrooms and updated flooring. Step outside into your private retreat, where the fully fenced yard features a heated saltwater pool, surrounded by mature landscaping. There's no need to sacrifice yard space for the pool, as the backyard also includes a grassy area, a charming treehouse, and a shed. Downstairs, the finished basement offers impressive 9-ft ceilings and includes a large family room, a fifth bedroom, a roughed-in bathroom, a bonus room (currently used as a gym), a cold cellar, and a utility room. Notable updates include refinished kitchen cupboards and bathroom vanities (2), fresh paint, second-level flooring, AC, furnace, and shingles. This stunning home not only offers spacious living and modern amenities but is also located in one of Byron's most sought-after areas, close to parks, coveted schools, and local conveniences. Whether you're lounging by the pool, hosting friends and family, or relaxing upstairs in your own personal haven, this home truly has it all!
Extras
updates include refinished kitchen cupboards (24) and 2 bathroom vanities (23), fresh paint (23), second-level flooring (22), AC (20), furnace (18), and shingles (11), chimney repointing (24)
Property Features
Electric Car Charger, Fenced Yard, Hospital, Park, Rec Centre, School
Property Details
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
60' x 180'
Acreage
< .50
Lot Irregularities
60.15 ft x 161.15 ft x 63.09 ft x 180.17
Fronting
South
Taxes
$6,780 (2024)
Basement
Finished, Full
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain11.94' x 20.80'
DiningMain12.07' x 14.60'
FamilyMain12.89' x 17.39'
KitchenMain11.22' x 13.91'
BreakfastMain9.51' x 13.91'
Prim Bdrm2nd18.01' x 19.82'W/I Closet, 5 Pc Ensuite
2nd Br2nd14.76' x 18.11'W/I Closet, 3 Pc Bath
3rd Br2nd11.91' x 13.62'
4th Br2nd10.96' x 12.70'
5th BrBsmt13.62' x 17.68'
RecBsmt20.21' x 27.10'
London Market Statistics
London Price Trend
148 Somerset Cres is a 4-bedroom 4-bathroom home listed for sale at $1,049,900, which is $120,990 (13.0%) higher than the average sold price of $928,910 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 4 bedroom home in London increased by $43,750 (4.9%) compared to the previous 30 day period (July 20 - August 18) and up $96,910 (11.6%) from the same time one year ago.
Inventory Change
There were 145 4-bedroom homes listed in London over the last 30 days (August 19 - September 17), which is up 25.0% compared with the previous 30 day period (July 20 - August 18) and up 559.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($40,513) (4.4%) below asking price over the last 30 days (August 19 - September 17), which represents a $18,612 decrease compared to the previous 30 day period (July 20 - August 18) and ($30,444) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in London over the last 30 days (August 19 - September 17) stood at 47.6%, down from 58.6% over the previous 30 days (July 20 - August 18) and up from 36.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in London stood at 38 days when successfully sold over the last 30 days (August 19 - September 17), compared to 68 days before being removed from the market upon being suspended or terminated.
Listing contracted with The Realty Firm Inc.
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