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Property Description
This one is special! INCOME POTENTIAL! In one of London's most highly sought after neighbourhoods, Oakridge, discover this immaculate raised ranch showcasing a beautiful balance of fine form & function! Concrete driveway & brick exterior are welcoming features before entering into a sun drenched foyer with updated tile flooring. Convenient inside access to double garage & closet allows the mess to remain contained before exploring the updated main floor. Pristinely refinished hardwood flooring flows seamlessly though spacious living room, open concept dining area & show-stopping kitchen which includes a fully renovated high quality design. Appreciate crisp white cabinetry, quartz countertops & spacious island. Ceramic sink overlooks a stunning backyard and is just steps away from patio slider leading to composite deck and oversized lot. Beautifully landscaped, exceptional privacy with plenty of space is sure to impress, with over 230 feet of property at its furthest corner: plenty of space for all those games of catch, tag & soccer with the kids. Backing onto North Mud Creek Park, this premium lot is anything but average! Primary bedroom is set overlooking the yard, with spacious walk-in closet & full ensuite bathroom. Two additional bedrooms are conveniently down the hallway, alongside a second full bathroom. The lower level includes a surprising amount of additional living space. Discover a generous family room, 4th bedroom, 3PC bathroom, designated office & ample storage that could be further finished to suit your family's needs. Bonus side entry offers plenty of possibilities to make this home work for you, whether a secondary suite, mortgage helper or additional residential unit is desired. Updated furnace (2024), replaced garage door, rebuilt fence, sprinkler system, BBQ gas line. Located a short way from some of London's best rated schools & all the amenities you could ask for, including groceries, Costco and restaurants. Honey, you're home, this is the one!
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Property Features
Grnbelt/Conserv, Public Transit, School Bus Route
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Property Details
Street
Community
City
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
2000-2500
Lot Size
42' x 171'
Acreage
< .50
Fronting
East
Taxes
$4,877 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Ground | 9.19' x 8.99' | |
| Living | Ground | 13.19' x 14.01' | |
| Dining | Ground | 10.01' x 9.12' | |
| Kitchen | Ground | 16.08' x 13.52' | |
| Bathroom | Ground | 5.58' x 8.14' | |
| Prim Bdrm | Ground | 13.22' x 11.65' | |
| Bathroom | Ground | 4.72' x 7.81' | |
| 2nd Br | Ground | 9.88' x 10.86' | |
| 3rd Br | Ground | 10.10' x 12.47' | |
| Family | Lower | 14.34' x 24.64' | |
| 4th Br | Lower | 8.76' x 10.70' | |
| Office | Lower | 8.76' x 8.37' |
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London Market Statistics
London Price Trend
611 Inverness Ave is a 3-bedroom 3-bathroom home listed for sale at $824,900, which is $199,689 (31.9%) higher 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 3-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 Re/Max Centre City Realty Inc.
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