6457 Royal Magnolia Ave

South V, London, N6P 0K2
FOR SALE
$759,900
6457 Royal Magnolia Ave, London
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
6457 Royal Magnolia Ave
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3
BEDROOMS
4
BATHROOMS
1 + 1
KITCHENS
7 + 1
ROOMS
X9301450
MLSID
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Property Description
Opportunity knocks! Embrace the possibilities of multi-generational living or seize the opportunity for a mortgage helper! Introducing the Sutton Model, built by Birchwood homes, situated in the lovely subdivision of Magnolia Fields in South London. Featuring 3 beds, 3.5 baths, 2 kitchens, multiple laundry rooms, with over 2000 sqft of livable space. This home is optimal for one looking for a granny suite as it offers a separate entrance to the basement, with generous sized windows and it's own laundry room. Basement unit is set up as a bachelor style but can alternately be used as an entertaining/living space, with a wet bar. The 2nd floor features 3 beds, a laundry room plus an additional sitting area or potential office space. This home is conveniently located near many amenities including grocery stores, Goodlife, Shoppers, restaurants and only 5 minutes from the 402. Don't miss out on this one!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-08-02 2023-09-25 54 $799,900 - Terminated
2023-06-22 2023-07-27 35 $840,000 - Terminated
2023-08-10 2023-10-03 54 $819,900 - Terminated
Property Details
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
30' x 115'
Fronting
South
Taxes
$5,081 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingGround18.50' x 11.32'
DiningGround8.86' x 10.93'
KitchenGround9.58' x 10.01'
Prim Bdrm2nd11.52' x 12.60'
2nd Br2nd10.33' x 10.37'
3rd Br2nd10.33' x 10.37'
Office2nd9.28' x 13.39'
KitchenBsmt24.77' x 11.19'
London Market Statistics
London Price Trend
6457 Royal Magnolia Ave is a 3-bedroom 4-bathroom home listed for sale at $759,900, which is $141,438 (22.9%) higher 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 4-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 Century 21 First Canadian Corp.
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