242 East Rivertrace Walk

London, N6G 5L1
FOR SALE
$1,599,900
242 East Rivertrace Walk, London
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3 + 1
BEDROOMS
3
BATHROOMS
1
KITCHENS
6 + 4
ROOMS
X8298174
MLSID
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Property Description
Move in ready! Welcome to your dream bungalow, backing to a green space! This meticulously crafted home boasts a seamlessly flowing modern, open concept main floor, perfect for entertaining or cozy family gatherings. Step into the stunningly renovated kitchen with brand new appliances, featuring the convenience of a sweeper for effortless cleanup and central vac. As you relax in the inviting living room, bask in the warmth of the new electric fireplace, creating a focal point for relaxation and comfort. The main floor is adorned with elegant California shutters, offering both privacy and natural light. Retreat to the primary bedroom, where a serene oasis awaits, complete with direct access to the beautifully landscaped backyard, walk-in closet and ensuite. Discover your own private, fully fenced, outdoor paradise, featuring an in-ground heated pool(new pool liner) surrounded by lush greenery, and a bar area with the convenience of in-ground sprinklers and multicoloured LED lights for ambience. The new roof will give you peace of mind for years to come. Stunning lower level includes wet bar with cherry wood cabinetry, billiards area, gym, den and an extra bedroom and bathroom. Ample storage throughout ensures that every need is met with ease. This stunning home was featured in Lifestyle magazine/kitchen renovation won LHBA Awards of Creative Excellence. Embrace the lifestyle you deserve in this exceptional home, meticulously crafted by acclaimed builder Alec Harasym. Experience the perfect blend of luxury, comfort, and convenience in every corner of this remarkable property. Conveniently situated close to esteemed schools, vibrant shopping districts, delectable restaurants, hospitals, and the esteemed Western University, this home offers the epitome of convenience without compromising on tranquility.
Property Details
City
Property Type
Detached, Bungalow
Lot Size
66' x 125'
Fronting
West
Taxes
$8,621 (2023)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
2nd BrGround12.30' x 12.99'Hardwood Floor, California Shutters
DiningGround12.07' x 12.96'Hardwood Floor, California Shutters, Crown Moulding
LivingGround15.26' x 17.95'Hardwood Floor, California Shutters, Fireplace
KitchenGround12.07' x 23.23'Hardwood Floor, Crown Moulding, Quartz Counter
LaundryGround6.66' x 7.97'Ceramic Floor
Prim BdrmGround14.14' x 17.03'French Doors, Ensuite Bath, W/I Closet
3rd BrGround12.53' x 12.99'California Shutters
4th BrLower11.25' x 12.24'
FamilyLower35.01' x 41.99'Laminate, Fireplace, Wet Bar
ExerciseLower10.33' x 17.75'
DenLower12.83' x 13.32'
London Market Statistics
London Price Trend
242 East Rivertrace Walk is a 3-bedroom 3-bathroom home listed for sale at $1,599,900, which is $959,065 (149.7%) higher than the average sold price of $640,835 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in London declined by $20,481 (3.1%) compared to the previous 30 day period (March 15 - April 13) and up $14,483 (2.3%) from the same time one year ago.
Inventory Change
There were 227 3-bedroom homes listed in London over the last 30 days (April 14 - May 13), which is up 194.8% compared with the previous 30 day period (March 15 - April 13) and up 530.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($7,819) (1.2%) below asking price over the last 30 days (April 14 - May 13), which represents a $2,753 decrease compared to the previous 30 day period (March 15 - April 13) and ($15,232) more 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 (April 14 - May 13) stood at 222.0%, down from 254.5% over the previous 30 days (March 15 - April 13) and up from 94.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in London stood at 19 days when successfully sold over the last 30 days (April 14 - May 13), compared to 54 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Centre City Realty Inc.
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