$1,150,000
For sale: Detached

ATTN INVESTORS, BUILDERS, DEVELOPERS! 1.6 ACRES. MATURE LOT IN ESTABLISHED SUBDIVISION WITH HYDRO, GAS, WATER AND SEWERS. AN EXCELLENT OPPORTUNITY TO ADD EQUITY TO AN EXISTING LOT. 2 PROPERTIES, CONSISTING OF 3 RENTAL UNITS; ONE SUITE IS OWNER OCCUPIED. THE MAIN HOUSE HAS TWO UNITS; MAIN FLOOR: 2 BEDROOMS, 1-4P BATH, LR, DR, KITCHEN & LAUNDRY; UPPER UNIT: OWNER OCCUPIED AND IT IS 1 BEDROOM 1 4P BATH, LIVING ROOM, KITCHEN, IN SUITE LAUNDRY. THE THIRD UNIT IS LOCATED IN THE REAR COTTAGE, 1 BEDROOM, 1-4P BATH, LR, DR, KITCHEN, IN-SUITE LAUNDRY. ALL FULLY RENTED TO RELIABLE RENANTS WHO PREFER TO STAY ON. Great location, close to schools, shopping, Fanshawe College and the Argyle Shopping Centre, VMP and 401.
Sold data
Detached homes in London East (East H) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 45, across 783 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 44 days.
The median sale price was $639,900.
Homes sold for about 2.7% below asking on average, so there was room to negotiate.
About 15% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 783 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
London East (East H) 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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$1,150,000
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