Renovated 1955 Bungalow with Pool, Hot Tub, and Legal Suite Potential

Property details for 203 Merlin Crescent, London

Type: Residential
Style: Bungalow
Bedrooms: 4
Bathrooms: 2
Living Area: 1,504 square feet
Stories: 1
Basement: Finished, Full
Parking: Detached Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick
Ownership: Freehold
Annual Taxes: $3,353

Over in East H, a quiet pocket of London's east side, this 1955 bungalow got a serious refresh in 2021. The main floor now has an open-concept layout with a kitchen that's 17.5 feet wide, stone counters, and new lighting that carries through the living and dining areas. You get 2 bedrooms and a 4-piece bath up here, including a primary that's 10'8" x 12'. Head downstairs, and it's a whole separate vibe: a huge rec room (12'10" x 19'1"), 2 more bedrooms, and a full 3-piece bath with plumbing already roughed in for a second kitchen. There's a side entrance and walk-up basement access, so setting up an in-law suite is almost too easy. Outside, the fun factor is high: a hot tub, an above-ground pool, and a fire pit in the 50-foot-wide lot. The detached garage is a solid 14x26 feet, and there's parking for 5 vehicles total. Systems are new too: A/C, furnace, and insulation all installed in 2021. Basement laundry is in a dedicated 14'7" x 9'4" room. You're 10 minutes to Fanshawe College and 12 minutes to the airport, with East Side Mario's and budget-friendly hotels just a minute or two away. It's priced at $550K, which sits below the $559K median for the area, and while only 2 similar homes are listed nearby, this one stands out for having nothing left to do. Utility bills stay reasonable with forced air gas heating and central air, and the annual tax is $3,353. If you're looking for a move-in ready home that can generate rental income or host the in-laws, this is a smart bet.

About 203 Merlin Crescent, London — Property Score

Strong Investment Great Location Hot Market

Score: 70/100

Value

Priced 4.3% below area median of $575,000 based on 17 comparable properties nearby 76

$366/sqft - 3.2% below the $378/sqft area median 75

Stable pricing - no price changes since original listing date 50

Size

1,504 sqft - 9% less space than similarly priced homes (1,660 sqft median) 53

4 bedrooms - 1 more than similarly priced 3-bedroom homes nearby 72

2 bathrooms - typical for similarly priced properties 60

Location

$60K median household income - near the Canadian average of $70K 60

77% of residents hold postsecondary credentials - a highly educated neighbourhood 85

67% homeownership rate - a balanced mix of owners and renters 77

74% of residents commute under 30 minutes - excellent commuter accessibility 89

2,354/km² population density - a well-balanced suburban area 94

Market

Just listed - area average is 45 days on market 100

+26.3% median price change over 1 month - rising prices in the area 100

47 months of housing supply - 47 active listings with 1 sold last month (buyer's market) 40

Features

5-car garage - more than the area average of 4.2 spots 95

Finished, Full basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

Built in 1955 (71 years old) - established home with character, older than the area average (1983) 35

No premium extras like pool, waterfront, or view 50

Investment

0.61% effective tax rate ($3,353/yr) - below the Canadian average of ~1% 82

+31.1% area price change year-over-year - strong appreciation in London 100

36% renter population - moderate rental market 73

Quality

Condition

Listing

46 photos provided - 39% more than the area average of 33 photos 92

6 of 7 key property details provided (86%) - comprehensive listing with excellent detail 86

* This property score is an approximate estimate based on publicly available data, nearby comparable listings, and automated analysis. Scores are for informational purposes only and should not be relied upon as professional appraisals or investment advice. Actual property values may vary. We recommend consulting a licensed real estate professional for accurate assessments.