1188 FRANCES STREET, London East (East M)
$899,000
For sale: Other
- Property type
- Industrial
- Bedrooms / bathrooms
- 2 bathrooms
- MLS®
- MLS® X13496842
- Neighbourhood
- East M
Located at the corner of Frances and Ashland, rare opportunity to purchase an industrial building plus a single family residence municipally known as 1188 Frances Street and 295 Ashland Avenue. Building consists of 2,696 square feet including 715 square feet of office space and 2 washrooms. Two warehouse areas of 713 and 1,268 square feet. Building has been well maintained. Ceramic flooring and drywall replaced in the office area, new HVAC in 2019 and the front roof area also replaced in 2019. Single family residence consisting of 3 bedrooms with full basement is in the process of being fully renovated including new kitchen, completely new bath, flooring, trim etc. Market rent estimated at $1,800.00. Light industrial zoning-LI1, LI7 & LI8 permits a wide array of uses including building/contracting establishments, warehouse & wholesale establishments, service repair establishments, light manufacturing. Lot area of 9235.43 sq. ft (0.212 ac) with lot dimensions of 31.08x150.99x154.81x36.78x23.76x114.21. Ample on site parking.
Sold data
Other homes in London East (East M) — recent sold market
Other homes in London East (East M) took a median of 21 days to sell over the last 730 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 62, across 31 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.
The median sale price was $575,000.
Homes sold for about 2.2% below asking on average, so there was room to negotiate.
About 19% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 21
- Median sale price
- $575,000
- Sale-to-list ratio
- 97.8%
- Sold above asking
- 19%
Based on 31 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in London East (East M)
London East (East M) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
- Rated schools
- 116
- Elementary
- 97
- Secondary
- 19
- Average rating
- 5.5 / 10
Top-rated schools in London East (East M)
- John Dearness — elementary, LondonFraser rating 9.8/10
- St George — elementary, LondonFraser rating 9.1/10
- Jack Chambers — elementary, LondonFraser rating 8.8/10
- Sir Arthur Currie — elementary, LondonFraser rating 8.8/10
- London Central — secondary, LondonFraser rating 8.7/10
- Ryerson — elementary, LondonFraser rating 8.7/10
School ratings from the Fraser Institute's Ontario school report cards.
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