505 - 626 FIRST STREET, London East (East H)
$299,000
For sale: Apartment
- Property type
- Condo Apartment
- Bedrooms / bathrooms
- 4 bedrooms, 2 bathrooms
- Living area
- 899 sqft
- MLS®
- MLS® X13619660
- Neighbourhood
- East H
This versatile property can be your new home or a turn-key investment opportunity! This top-floor condo is conveniently located right across from Fanshawe College, and currently accommodates 4 single student rental rooms, kitchen and 2 full baths. Current monthly RENTAL INCOME is over $3000! This property can also be easily reversed back to a SINGLE FAMILY unit at any time. BONUS: All bedroom FURNISHINGS are included - smart tv's, beds, desks, bookshelves and more! The solid brick building is equipped with an elevator and security cameras throughout. A helpful and friendly on-site building manager, 1 assigned parking spot, and water are also included in maintenance fees. Other amenities include restaurants, stores, parks, and transportation.
Sold data
Apartment homes in London East (East H) — recent sold market
Apartment homes in London East (East H) took a median of 49 days to sell over the last 90 days, with the quickest quarter selling within 23 days and the slowest quarter taking more than 80, across 90 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 80 days.
The median sale price was $277,400.
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 39% of sellers reduced their price before finding a buyer.
- Median days to sell
- 49
- Median sale price
- $277,400
- Sale-to-list ratio
- 95.5%
- Sold above asking
- 8%
Based on 90 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
Schools in London East (East H)
London East (East H) 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 H)
- 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.
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