130, 136, 140, 144, 148 Conway Dr.
"South Ridge Meadows"
130, 136, 140, 144, 148 Conway Drive
Units318
Storeys3
Built1987
Registered as condos1988
Average MLS Selling Price 2023(based on 1st 325 days), 1 bedroom$302,400 (based on 4 MLS sales)
Average MLS Selling Price 2023(based on 1st 325 days), 2 bedroom$312,700 (based on 6 MLS sales)
Average MLS Selling Price 2022, 1 bedroom$358,400 (based on 13 MLS sales)
Average MLS Selling Price 2022, 2 bedroom$358,800 (based on 8 MLS sales)
Average MLS Selling Price 2021, 1 bedroom$280,000 (based on 8 MLS sales)
Average MLS Selling Price 2021, 2 bedroom$324,800 (based on 6 MLS sales)
Amenities
Details:
"Oaks Edge" and "South Ridge Meadows"
130-136 Conway Drive is called "Oaks Edge" and 140-144-148 Conway Drive is called "South Ridge Meadows". Seven clusters of three storey low rise condo buildings with two outdoor pools. A mix of one-bedroom and two-bedroom units. Red brick – slightly speckled, black shingles, pale light lime green siding. All of the buildings show a uniformity in design styles and colours. That's a good thing. Yes, these buildings have elevators.
These units were built with electric heat but have Livingroom gas fireplaces. All units have balconies and in unit laundries.
The one-bedroom units have known unit sizes of 440, 568, 650, 666, 675 and 700 sq. ft. The size difference between 1- and 2-bedroom units is quite significant. Look at the price difference between them in 2022. Next to nothing. That's crazy! If you are a buyer, make sure that you do your homework. The two-bedroom units have known unit sizes of 825, 850, 860, and 897 sq. ft. There are two outdoor pools and some saunas. Open parking. Known condo fees going into 2024 on a 1-bedroom unit are in the $298.00 per month price range and $424.00 per month range on a 2-bedroom unit.
These complexes are walking distance to schools, shopping, medical centres, a community indoor pool and parks. This section of White Oaks is in a sense, a community within a community.
In this neighbourhood, 58% own, 42% rent. 94% live in apartments, 6% live in townhomes. 86% of the housing stock is between 26-60 years old. Only 2% is less than 10 years old. 25% of the population is 19 and under and 8% are 65 or older. English is the dominant language at 60% followed by Arabic (13%) and Spanish (6%).
Property Manager:
130-136: Byers 226-446-1211
140-148: Highpoint 226-663-7779
We note that on average, prices have dropped over $1,000 per week on average over the 1st 11 months of 2023.
We also note that the average price of a condo, year-to-date in London, January 2023-October 2023 was $478,100 based on 1,223 sales and for the same time period in the previous year was $548,200 based on 1557 sales. This is particularly bad new for investors. Only time will tell how long this shakeout will last.