431 SOUTH STREET, London East (East K)
$549,000
For sale: Multiplex
- Property type
- Duplex
- Bedrooms / bathrooms
- 4 bedrooms, 2 bathrooms
- Living area
- 1,500 sqft
- MLS®
- MLS® X13695900
- Neighbourhood
- East K
Excellent opportunity for investors seeking a fully rented, income-producing property in an established London location. This well-positioned property offers two separate living spaces with a total of 4 bedrooms, 2 kitchens and 2 bathrooms, providing a practical configuration for rental income and long-term investment. Each unit benefits from its own kitchen and living space, while the property offers 4 private parking spaces and a substantial 36' x 197' lot. The property combines the character of an established neighbourhood with important modern conveniences including gas forced-air heating, central air and main-floor laundry. Conveniently located near public transit, parks, schools and everyday amenities. An attractive opportunity for investors looking for an established, fully tenanted property with a straightforward income-producing configuration. Please allow at least 24 hour's notice for all showing requests.
Sold data
Multiplex homes in London East (East K) — recent sold market
Multiplex homes in London East (East K) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 113 days.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.
- Median days to sell
- 40
- Median sale price
- $599,900
- Sale-to-list ratio
- 96.1%
- Sold above asking
- 13%
Based on 124 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in London East (East K)
London East (East K) 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 K)
- 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.
Currently for sale
Homes for sale near 431 SOUTH STREET
$499,900
Multiplex422,000–2,500 sqft281 HILL STREET, East K, London East
$499,900
Multiplex421,500–2,000 sqft69 KAINS STREET, St. Thomas, St. Thomas
$599,900
Multiplex4+231,100–1,500 sqft425 ENGLISH STREET, East G, London East
$549,900
Detached4+22700–1,100 sqft1840 MARCONI BOULEVARD, East I, London East
$579,900
Detached4+121,100–1,500 sqft8 POPLAR CRESCENT, South X, London South
$500,000
Detached4+121,100–1,500 sqft26 MODY COURT, East A, London East
$597,000
Detached4+22700–1,100 sqft215 BERNARD AVENUE, East B, London East
$549,900
Detached4+121,100–1,500 sqft719 ROWNTREE AVENUE, South H, London South