$575,000
For sale: Multiplex

Welcome to 709 Princess Ave., situated on a quiet tree lined street in sought after "Old East Village" century home. This meticulously maintained legal triplex is ideal owner occupied or a fantastic income earner. 1-2 bedroom and 2-1 bedroom units. Income: $1,850 + hydro, $1,350 + hydro and $1,495 + hydro. Low operating expenses of $10,560 yearly. Main floor with hardwood, fireplace and high ceilings. Upper 2 bedroom updated and features loft retreat. Lower level new and to code within the past 10 years. Lots of parking and minutes to all amenities. Truly a rare find.
Sold data
Multiplex homes in London East (East G) 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 112 days.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 G) 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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