$999,000
For sale: Other

Superb core investment opportunity describes this two property offering in downtown London. TWO BUILDINGS FOR THE ONE PRICE OF $999,000.00. First building is 444 York...now vacant, is an impeccably maintained character yellow brick stand alone building boasting over 3200 square of functional space. Spacious entry foyer, large reception area, 10 individual offices plus a private board room, staff kitchen space and storage. High traffic location. City bus route. Zoning provides for an abundance of commercial/office/retail uses. Direct exposure and signage off York Street. Second property is 330 Burwell St....yellow brick 4 plex with good income and strong tenant history. Three 1 bedroom units and one 2 bedroom. The two main level 1 bedroom units have been recently renovated with open concept floor plans and updated kitchens and baths. The upper units offer more charm and character and loads of natural light. Both properties have ample parking with 17 spots in total.
Sold data
Other homes in London East (East K) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.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.
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
London East (East K) 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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