980 LORNE AVENUE, London East (East G)
$409,000
For sale: Multiplex
- Property type
- Duplex
- Bedrooms / bathrooms
- 5 bedrooms, 3 bathrooms
- Living area
- 2,500 sqft
- MLS®
- MLS® X14101078
- Neighbourhood
- East G
LEGAL DUPLEX DETACHED DOUBLE GARAGE HOME WITH CHARACTER, INCOME POTENTIAL & OPPORTUNITY IN EAST LONDON. Welcome to 980-982 Lorne Avenue, a charming yellow-brick duplex offering original character, flexible living space and plenty of potential! Situated on a generous approximately 45 x 140 ft lot, this property features two separately addressed units, beautiful original hardwood floors, high baseboards, distinctive architectural details and inviting covered porches. The spacious main unit at 980 Lorne offers three bedrooms plus an additional room in an addition, currently used as a fourth bedroom and heated by a plug-in electric fireplace. The second unit at 982 Lorne features one bedroom, making this an appealing opportunity for investors, multi-generational living or buyers looking to occupy one unit while generating rental income from the other .Outside, enjoy a mature, tree-lined property with established gardens, outdoor entertaining areas and a detached double garage with rear-lane access. Conveniently located near downtown London, shopping, restaurants, parks, public transit and everyday amenities. A property filled with character and possibilities! Bring your vision and discover the potential of this unique East London investment opportunity.
Sold data
Multiplex homes in London East (East G) — recent sold market
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 21 days and the slowest quarter taking more than 76, across 114 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 112 days.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 14% of sales closed above the list price.
Around 28% of sellers reduced their price before finding a buyer.
- Median days to sell
- 41
- Median sale price
- $599,900
- Sale-to-list ratio
- 96.1%
- Sold above asking
- 14%
Based on 114 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in London East (East G)
London East (East G) 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 G)
- 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 980 LORNE AVENUE
$649,000
Multiplex7+231,500–2,000 sqft5166 MORRISON STREET, 211 - Cherrywood, Niagara Falls
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Multiplex9+131,500–2,000 sqft86 WILSON AVENUE, North N, London North
$599,000
Multiplex531,100–1,500 sqft354 SPRUCE STREET, East H, London East
$630,000
Multiplex6+132,000–2,500 sqft49 PADDINGTON AVENUE, South E, London South
$549,900
Multiplex531,100–1,500 sqft28 FIFTH STREET, 773 - Lincoln/Crowland, Welland
$649,000
Multiplex732,000–2,500 sqft1905 WAVELL STREET, East H, London East
$429,900
Semi-Detached/Link5+231,100–1,500 sqft1074 BLANCHARD ROAD, North I, London North
$599,000
Detached531,100–1,500 sqft354 SPRUCE STREET, East H, London East