7 Oregon Rd

South T, London, N5Z 4B8
FOR SALE
$540,000
7 Oregon Rd, London
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3
BEDROOMS
1
BATHROOMS
1
KITCHENS
8
ROOMS
X9262083
MLSID
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Property Description
This lovely tranquil bungalow on a quiet tree lined street in Glencairn Woods is a perfect starter or easy living home with income potential or granny flat in the lower level. Close to all amenities. A cozy covered front porch greets you that overlooks stunning perennial gardens. Perfect for relaxing with a coffee and a book. Main floor boasts open living room with gas fireplace and dining room, eat in kitchen, 3 spacious bedrooms and a full bath. The lower level renovation has been started. Framed for one bedroom with walk in closet, kitchen/dining room, living room and full bath. Electrical/wiring, new windows, and plumbed for a full bathroom. Separate side door entrance. Laundry room and Cold storage in lower level. Fully fenced backyard with perennial gardens and a cozy Sunset Swing. This home is a must see. No sign on property.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2013-07-26 2013-09-24 61 $175,000 $165,000 Sold
2009-04-06 2009-06-15 70 $174,900 $172,000 Sold
Extras
Roof 2017, Lower windows 2024, 200 amp
Property Features
Fenced Yard, Hospital, Library, Park, School
Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
61' x 119'
Fronting
North
Taxes
$3,304 (2024)
Basement
Full, Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
FoyerGround4.59' x 11.81'
LivingGround11.38' x 15.49'Gas Fireplace, Hardwood Floor
DiningGround11.38' x 9.97'Hardwood Floor
KitchenGround11.22' x 11.22'Eat-In Kitchen
BrGround9.15' x 11.38'
2nd BrGround8.50' x 11.38'Hardwood Floor
3rd BrGround9.97' x 10.99'
London Market Statistics
London Price Trend
7 Oregon Rd is a 3-bedroom 1-bathroom home listed for sale at $540,000, which is $78,462 (12.7%) 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 1-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 Initia Real Estate (Ontario) Ltd
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