$1,650,000
For sale: Multiplex

Downtown London, Trendy 3 Storey building updated with 2 modern high end apartments. Great retail/commercial area 3600 sqft with several updates and upgrades. Building Square Footage: Approx. 5,780 total sqft over 3 levels and basement. Main Floor: Approx. 3,200 sqft of Retail Commercial space & approx. 350 sq ft in basement Divided in 3 units (East unit is currently leased for $2,200+ HST pre month | West is leased for $2,300 + HST pre month | Rear Unit is Vacant Potential rent is $2,700 + HST pre month). Second Floor 1 bedroom apartment approx. 1320 sqft currently renting for $2,200. 3rd floor 1 bedroom apartment approx. 860 sqft rented for $2,000 pre month. Each floor is separately metered for hydro paid by tenant, landlord pays gas.
Sold data
Multiplex homes in London East (East F) took a median of 40 days to sell over the last 365 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 78, across 124 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 113 days.
The median sale price was $599,900.
Homes sold for about 3.9% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
Based on 124 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
London East (East F) 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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