$199,900
For sale: Apartment

2 bed unit on the top floor with balcony that overlooks the grass are in the middle of the complex - great location! Private setting surrounded by mature trees in a family friendly neighborhood. On bus route and walking distance to schools, Westmount Mall, Movie Theatre and all the great shopping at the corner of Wonderland and Commissioners. Property tax is $1509/yr. Condo fee is $499/mth and includes water, heat, hydro and one parking space. ****Buyer must assume the tenant (once a buyer takes possession of the property you can serve notice for vacant possession). Tenant moved in April 2011 and is currently renting on a month-to-month basis at $964.67/mth.
Sold data
Apartment homes in London South (South M) took a median of 48 days to sell over the last 90 days, with the quickest quarter selling within 23 days and the slowest quarter taking more than 78, across 93 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 81 days.
The median sale price was $279,900.
Homes sold for about 4.5% below asking on average, so there was room to negotiate.
About 8% of sales closed above the list price.
Around 38% of sellers reduced their price before finding a buyer.
Based on 93 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
London South (South M) has 116 Fraser Institute–rated schools (97 elementary and 19 secondary), averaging 5.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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