Renovated Bungalow with Hot Tub, Pool & 14'x26' Garage

Property details for 203 Merlin Crescent, London East

Type: Residential
Style: Bungalow
Bedrooms: 4
Bathrooms: 2
Lot Size: 50 x 145 FT
Stories: 1
Basement: Finished, Separate entrance, Walk-up, N/A, N/A, N/A
Parking: Detached Garage, Garage
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Exterior: Brick, Aluminum siding
Ownership: Freehold
Annual Taxes: $3,353

This one's got everything you'd want for summer. 50x145 ft lot means serious yard space, and you're getting a hot tub, an above-ground pool, and a fire pit out back. That's not something you see every day. Place is a 2021 renovation top to bottom. New A/C, furnace, insulation, and the kitchen got treated to stone counters and updated lighting. Open concept so it flows into the living and dining areas. Upstairs, you've got two bedrooms and a full bath. Head downstairs, and there's two more bedrooms, another bathroom, plus a rec room. And here's the kicker: plumbing's already roughed in for a second kitchen down there. Plus there's a walk-up basement with its own side entrance. This is prime in-law suite or rental potential. Park your cars. Actually, park five of them. There's a 14'x26' detached garage and extra driveway space, all on a fenced lot. Outside of the house is brick and aluminum siding, so low maintenance. You're on Merlin Crescent in London East. Close to Fanshawe College (about 3 km) and Western Fair (4 km). Groceries and basics are a quick hop, and the airport is only 4.4 km away if you travel. Priced at $550k, which lands right in line with the $539k median for the area. 27 active listings nearby, and homes are selling in about 72 days. This one is a good value, and it'll go fast. It's clean, it's done, and you can literally move in and start having people over this weekend.

About 203 Merlin Crescent, London East — Property Score

Feature Rich Great Location

Score: 68/100

Value

Priced 6.9% above area median of $514,450 based on 208 comparable properties nearby 60

Stable pricing - no price changes since original listing date 50

Size

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

2 bathrooms - typical for similarly priced properties 60

7,250 sqft lot - a generous lot for the area 78

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 61 days on market 100

-4.2% median price change over 1 month - declining prices in the area 29

30.3 months of housing supply - 303 active listings with 10 sold last month (buyer's market) 40

Features

5-car garage - more than the area average of 4.1 spots 95

Finished, Separate entrance, Walk-up, N/A, N/A, N/A basement - adds valuable living space 85

efficient gas forced air heating 80

Central air conditioning - whole-home cooling 90

Pool - premium features that add significant value 65

Investment

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

36% renter population - moderate rental market 73

Quality

Condition

Listing

46 photos provided - 35% more than the area average of 34 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.