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Property Description
A Great Investment Opportunity 100 Mamelon Street, London Located on a quiet, mature street, the first thing you'll notice is the extensive driveway with parking for 4 cars. This charming yellow brick property features a spacious main floor with a bedroom, a huge foyer, a welcoming living room, and 9-foot ceilings throughout. The main floor also offers a large eat-in kitchen with vinyl-clad windows and a 4-piece bathroom.Venturing downstairs, you'll find a finished basement complete with a third bedroom, ample storage space, and a convenient laundry room. The original white trim and baseboards add a touch of character to the home.In addition, this property includes a separate back unit with its own entrance. Inside, you'll find a walk-in kitchen with bright windows, a spacious bedroom with large windows, and a comfortable living room. The unit is complemented by a 4-piece bathroom that has been completely renovated, featuring newer floors and ceramic tiling.What sets this property apart is the fact that both units are currently owner-occupied, allowing you the flexibility to either rent them out as they are or add your own finishing touches to the front unit, which consists of 2 + 1 bedrooms. The possibilities for maximizing rental potential are endless.Whether you're an investor seeking a turnkey opportunity or someone looking to personalize and enhance the property's value, this side-by-side duplex offers incredible potential. The beauty of this investment lies in the buyer's ability to renovate both units and the freedom to determine your own rental rates.Currently priced as the best-value duplex in the area, and if not the absolute top choice, it is undoubtedly a close second. The property has one meter for utilities, with the tenants sharing the costs equally or as per the landlord's preference.Don't miss out on this rare chance to own a versatile property. Contact us today to schedule a viewing and seize this remarkable investment opportunity.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-07-07 | 2023-10-13 | 61 | $449,000 | - | Expired |
| 2017-04-06 | 2017-09-17 | 163 | $229,900 | - | Expired |
| 2016-01-20 | 2016-02-05 | 18 | $146,888 | $143,500 | Sold |
| 2008-08-13 | 2008-09-16 | 35 | $109,000 | $105,000 | Sold |
| 2006-08-16 | 2006-12-19 | 125 | $109,900 | - | Terminated |
Property Features
Clear View, Fenced Yard, Public Transit, School Bus Route
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Property Details
Street
Community
City
Property Type
Duplex, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
35' x 125'
Acreage
< .50
Lot Irregularities
135.34FT X 34.75 FT X123.32FT X 16.71
Fronting
East
Taxes
$2,812 (2023)
Basement
Finished
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Available
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 11.42' x 11.84' | |
| Living | Main | 11.58' x 11.68' | |
| Prim Bdrm | Main | 9.91' x 14.17' | |
| Br | Main | 8.17' x 8.66' | |
| Rec | Lower | 16.01' x 20.01' | |
| Other | Lower | 6.76' x 7.74' | |
| Br | Lower | 10.17' x 14.83' | |
| Kitchen | Main | 11.42' x 11.58' | |
| Living | Main | 8.83' x 11.58' | |
| Prim Bdrm | Main | 8.33' x 10.01' |
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London Market Statistics
London Price Trend
100 Mamelon St is a 3-bedroom 2-bathroom home listed for sale at $399,000, which is $221,647 (35.7%) lower than the average sold price of $620,647 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 3 bedroom home in London declined by $25,100 (3.9%) compared to the previous 30 day period (October 18 - November 16) and up $50,647 (8.9%) from the same time one year ago.Inventory Change
There were 163 3-bedroom homes listed in London over the last 30 days (November 17 - December 16), which is down 35.3% compared with the previous 30 day period (October 18 - November 16) and up 608.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($12,945) (2.1%) below asking price over the last 30 days (November 17 - December 16), which represents a $170 increase compared to the previous 30 day period (October 18 - November 16) and ($24,900) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in London over the last 30 days (November 17 - December 16) stood at 104.3%, up from 81.0% over the previous 30 days (October 18 - November 16) and up from 73.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in London stood at 29 days when successfully sold over the last 30 days (November 17 - December 16), compared to 62 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group - Select Realty
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