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Property Description
Welcome to 877 Teakwood Lane, a stunning 2,450 sq. ft. LYON model home built by CachetReid, showcasing superior craftsmanship and high-quality finishes throughout. As you step into the spacious foyer, you're greeted by an impressive open-concept layout that is both functional and elegant. The main floor features a versatile office/den, perfect for working from home or study. The great room is a warm and inviting space, centered around a beautiful 3-sided fireplace, flowing seamlessly into the breakfast nook, which offers serene views of the professionally landscaped backyard complete with a heated, saltwater In-ground pool ideal for summer relaxation. The kitchen is a chefs dream, boasting a large island, ample cabinetry, and a convenient walk-through pantry. Upstairs, you'll find four generously sized bedrooms, including the luxurious primary suite with a 5-piece ensuite, providing a spa-like retreat. Located in one of North Londons most sought-after neighbourhoods, this home is just minutes away from major shopping hubs, UWO Hospital, and Western University, offering the perfect blend of luxury, convenience, and lifestyle. Don't miss out on this exceptional opportunity to own a home in a prime location!
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Property Features
Fenced Yard, School
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
38' x 132'
Acreage
< .50
Fronting
East
Taxes
$5,876 (2023)
Basement
Full, Unfinished
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
4
Driveway
Private
Garage Type
Attached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Foyer | Main | 5.58' x 6.50' | |
Office | Main | 9.97' x 10.07' | |
Pantry | Main | 6.56' x 6.56' | Walk Through |
Great Rm | Main | 12.60' x 15.09' | 2 Way Fireplace |
Kitchen | Main | 14.37' x 15.09' | |
Breakfast | Main | 10.83' x 9.09' | |
Laundry | Main | 5.58' x 6.50' | |
Prim Bdrm | 2nd | 16.57' x 14.99' | Ensuite Bath |
2nd Br | 2nd | 12.27' x 10.99' | |
3rd Br | 2nd | 14.27' x 10.10' | |
4th Br | 2nd | 9.84' x 9.97' |
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London Market Statistics
London Price Trend
877 Teakwood Lane is a 4-bedroom 3-bathroom home listed for sale at $899,900, which is $62,515 (7.5%) higher than the average sold price of $837,385 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 4 bedroom home in London declined by $61,174 (6.8%) compared to the previous 30 day period (September 1 - September 30) and up $22,385 (2.7%) from the same time one year ago.Inventory Change
There were 161 4-bedroom homes listed in London over the last 30 days (October 1 - October 30), which is down 10.6% compared with the previous 30 day period (September 1 - September 30) and up 705.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($18,357) (2.2%) below asking price over the last 30 days (October 1 - October 30), which represents a $8,484 increase compared to the previous 30 day period (September 1 - September 30) and ($9,900) 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 4-bedroom homes in London over the last 30 days (October 1 - October 30) stood at 42.9%, up from 36.1% over the previous 30 days (September 1 - September 30) and up from 35.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in London stood at 30 days when successfully sold over the last 30 days (October 1 - October 30), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Thrive Realty Group Inc.
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