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Property Description
This charming, thoughtfully updated cottage is a hidden gem, offering the perfect blend of character and potential for both investors and first-time home buyers. As you step inside, youll discover a spacious main floor featuring three generous bedrooms, a welcoming foyer with a leaded glass divider, a bright living room with a cozy fireplace. The open-concept dining area flows into a refreshed kitchen with ample storage, while a four-piece bath with stylish glass block accents completes the space.Recent updates include fresh paint, stunning hardwood floors, new roof shingles and gutter guards (2021), and a new central air system (2022), ensuring comfort, efficiency, and peace of mind.The lower level provides a versatile den and extensive storage space, ideal for potential rental income or future expansion. Outside, a generous driveway leads to an oversized detached one-car garage is plumbed and with hydro, while a newly updated deck and back stoop create inviting outdoor spaces perfect for outdoor entertaining.Ideally situated within walking distance of historic Labatt Park and just minutes from downtown and Western University, this home offers the best of both worlds: urban convenience and natural beauty. With easy access to the scenic Thames Valley Parkway, parks, cultural events, and vibrant dining nearby, this home is a perfect choice for students, faculty, and young professionals seeking a balance of urban convenience and natural beauty.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2002-07-11 | 2002-11-30 | 147 | $104,500 | - | Expired |
2002-09-25 | 2002-10-01 | 7 | $99,900 | $97,000 | Sold |
2016-06-13 | 2016-08-10 | 57 | $224,900 | $214,600 | Sold |
2008-09-16 | 2008-10-02 | 22 | $209,900 | $209,000 | Sold |
2008-02-11 | 2008-04-27 | 79 | $129,900 | $120,000 | Sold |
2002-06-18 | 2002-06-24 | 6 | $103,200 | - | Terminated |
Property Features
Fenced Yard, Public Transit, School Bus Route
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
51' x 100'
Acreage
< .50
Fronting
North
Taxes
$3,980 (2024)
Basement
Part Fin
Exterior
Vinyl Siding
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 |
---|---|---|---|
Foyer | Main | 6.99' x 9.71' | |
Living | Main | 12.76' x 15.91' | |
Dining | Main | 13.39' x 16.24' | |
Kitchen | Main | 10.01' x 15.91' | |
Br | Main | 9.42' x 13.75' | |
2nd Br | Main | 9.28' x 10.17' | |
3rd Br | Main | 9.35' x 8.92' | |
Rec | Lower | 12.60' x 15.29' |
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London Market Statistics
London Price Trend
253 Riverside Dr is a 3-bedroom 1-bathroom home listed for sale at $499,900, which is $125,311 (20.0%) lower than the average sold price of $625,211 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in London declined by $14,001 (2.2%) compared to the previous 30 day period (December 22 - January 20) and up $370,637 (145.6%) from the same time one year ago.Inventory Change
There were 193 3-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 27.8% compared with the previous 30 day period (December 22 - January 20) and up 915.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($13,503) (2.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $14,518 increase compared to the previous 30 day period (December 22 - January 20) and ($3,099) 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 (January 21 - February 19) stood at 64.2%, down from 101.3% over the previous 30 days (December 22 - January 20) and down from 210,715.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in London stood at 27 days when successfully sold over the last 30 days (January 21 - February 19), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Triland Realty
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