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Property Description
LOVINGLY CARED FOR BY ITS ORIGINAL OWNER SINCE 1957! Welcome to 1518 Mclarenwood Terrace, a charming 3-bedroom, 1.5-bath home with an oversized single garage backing onto scenic Kiwanis Park! The bright main level boasts a cute as a button living room illuminated by a large bay window, with kitchen and dining area adjacent. Three generously sized bedrooms, including your primary, and a 3-piece bath with a walk-in shower complete the main floor. The versatile lower level offers ample space for work and play, featuring a large family room with a bar, and a dedicated workshop, plenty of storage, a powder room, utility, and laundry area. Step outside to enjoy the expansive backyard, perfect for children, pets, and entertaining!! Nestled in a peaceful, mature cul-de-sac, this home is conveniently close to schools, shopping, dining, and offers quick access to the highway! Updates include: Roof (approx 10 years), Garage Roof (2020), Eaves with gutterguard (2019), A/C (2024), Furnace (2021), Garage Door & Opener (2024), New windows throughout.
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Property Features
Cul De Sac, Park, Public Transit, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
39' x 166'
Acreage
< .50
Lot Irregularities
73 x 165 x 39 x 166
Fronting
East
Taxes
$3,382 (2024)
Basement
Part Fin, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.01' x 15.16' | Bay Window |
| Kitchen | Main | 16.47' x 9.61' | Combined W/Dining, Side Door |
| Br | Main | 8.92' x 10.10' | |
| Br | Main | 11.52' x 9.61' | |
| Prim Bdrm | Main | 11.91' x 10.10' | |
| Bathroom | Main | 7.84' x 4.92' | 3 Pc Bath |
| Family | Bsmt | 16.93' x 23.62' | B/I Bar |
| Utility | Bsmt | 18.24' x 11.65' | |
| Laundry | Bsmt | 18.24' x 11.65' | |
| Bathroom | Bsmt | 0.30' x 7.19' | 2 Pc Bath |
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London Market Statistics
London Price Trend
1518 Mclarenwood Terr is a 3-bedroom 2-bathroom home listed for sale at $499,900, which is $118,562 (19.2%) lower than the average sold price of $618,462 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 3 bedroom home in London declined by $25,872 (4.0%) compared to the previous 30 day period (July 20 - August 18) and down $658 (0.1%) from the same time one year ago.Inventory Change
There were 246 3-bedroom homes listed in London over the last 30 days (August 19 - September 17), which is up 28.1% compared with the previous 30 day period (July 20 - August 18) and up 459.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($11,777) (1.9%) below asking price over the last 30 days (August 19 - September 17), which represents a $1,409 decrease compared to the previous 30 day period (July 20 - August 18) and ($4,904) 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 3-bedroom homes in London over the last 30 days (August 19 - September 17) stood at 77.2%, down from 91.7% over the previous 30 days (July 20 - August 18) and up from 56.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in London stood at 29 days when successfully sold over the last 30 days (August 19 - September 17), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with The Realty Firm Inc.
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