Large homes in exclusive neighbourhoods
The most any Multiple Listing Service (MLS; www.realtor.ca) home has ever sold for near Woodstock is $875,000 and it sold in the spring of 2008 – a large home on 3.9 acres west of the city and near Highway 2.
While that may seem astounding, down the road in London there have been 49 sales higher than $800,000 since Jan 1, 2011, or the previous 21 months.
Brand New Penthouse
Interesting, is that a condominium apartment on the top level of the new Renaissance II building on Ridout and practically across the street from the JLC (Budweiser Gardens), sold for exactly $1 million.
By looking at sales on the London – St Thomas real estate board I can access as a Realtor, I was also able to discover at least 6 more properties which sold for seven digits.
There was a house near the London Hunt golf course, which was billed as having 7000 sq ft of living space, which obtained $1.175 million. The listing remarks noted that it was an excellent value at $1.275 million.
Two residences off Windermere Road were also in this lofty million-dollar range. Sometime when I’m in London and have a little extra time driving around the university, I will be searching out the Medway Valley Heritage Forest.
I found a house in a gated community with an accepted price tag of $1 million in which it was described as being so exclusive it was in an enclave.
I mention these transactions because one of the true gems of London just sold and was given its due in The London Free Press. It sold for under $1 million, but its scenic views of not only the London Hunt golf grounds but London itself, and its seven acres, combine to create a one-of-a-kind estate. The main house has six bedrooms and more than 5,000 sq ft of living space, plus an in-ground salt-water pool with a change house, and a separate 3-bedroom guest house.
Here’s the (edited) newspaper prose:
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Hank Daniszewski, The London Free Press
Friday, September 28
LONDON -- The Jeffery home high on the west bank of the Thames River north of the Oxford St. bridge is accessed via a private road through the Riverbank golf community. The home, on three hectares of land overlooks the London Hunt and Country Club and most of the City of London.
One of London’s grandest homes has a new owner.
The sprawling family home of Joe Jeffery, former chairperson of London Life, boasts 5,000 sq. ft of living space on a three-hectare property with a spectacular view of the city.
It was listed for $ XXX,XXXX and sold for “close to asking price,” said George Georgeopoulos of ReMax International Advantage Realty, which handled the listing.
He said the new owner is a prominent surgeon who plans to do some renovations.
The new homeowner will have plenty of privacy.
The estate is entered through the gated RiverBend Golf Community just north of Oxford Street West.
Jeffery was chairperson of the board of what was then the country’s largest insurance company, London Life, and headed a bevy of significant business interests, including a law firm.
The house has six bedrooms, six bathrooms and six fireplaces as well an Olympic-sized pool, a guest house and a shooting range in the basement.
“It’s surrounded by Carolinian forest. It’s beautiful. It’s one of the most private sites I’ve ever sold,” said Georgeopoulos.
The home was built in 1964 and the buyer will only be the second owner. Jeffery died in 1999 and his widow Nora moved out a few years ago on her 90th birthday.
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