1485 Riverbend Rd

South B, London, N6K 0E7
FOR SALE
$949,900
1485 Riverbend Rd, London
1485 Riverbend Rd
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4 + 2
BEDROOMS
4
BATHROOMS
1
KITCHENS
12 + 4
ROOMS
X9359723
MLSID
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Property Description
Welcome to this stunning 6-bedroom, 3.5 bathroom home in the highly desirable West Five community in London, Ontario! Everything you need is close by, from shopping and dining to health services and recreational facilities, making life more convenient and enjoyable. West Five is known for its welcoming, family-friendly atmosphere, with nearby parks, playgrounds, and top-rated schools. Schedule your showing today to see why 1485 Riverbend Road is the perfect home for you.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2019-04-26 2019-06-18 53 $649,900 - Terminated
Property Features
Fenced Yard, Park, Public Transit, School, School Bus Route
Property Details
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
40' x 131'
Acreage
< .50
Lot Irregularities
131.57 ft x 40.13 ft x 131.57 ft x 40.13
Fronting
West
Taxes
$5,818 (2023)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
London Market Statistics
London Price Trend
1485 Riverbend Rd is a 4-bedroom 4-bathroom home listed for sale at $949,900, which is $112,515 (13.4%) higher than the average sold price of $837,385 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 4 bedroom home in London declined by $61,174 (6.8%) compared to the previous 30 day period (September 1 - September 30) and up $22,385 (2.7%) from the same time one year ago.
Inventory Change
There were 161 4-bedroom homes listed in London over the last 30 days (October 1 - October 30), which is down 10.6% compared with the previous 30 day period (September 1 - September 30) and up 705.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($18,357) (2.2%) below asking price over the last 30 days (October 1 - October 30), which represents a $8,484 increase compared to the previous 30 day period (September 1 - September 30) and ($9,900) 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 (October 1 - October 30) stood at 42.9%, up from 36.1% over the previous 30 days (September 1 - September 30) and up from 35.0% 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 30 days when successfully sold over the last 30 days (October 1 - October 30), compared to 65 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 First Canadian Corp.
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