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Property Description
Discover this prime investment property in a highly desirable area of South London, just minutes from Highway 401 for ultimate convenience. Perfect for investors, homeowners looking to generate rental income, or those eager to house hack, this duplex offers incredible potential with vacant possession available from April 1st. The property features two well-designed units: a spacious main floor unit with 3 bedrooms and 1 full bath, and a cozy basement unit with 2 bedrooms and 1 full bath. Both units come with the added convenience of private laundry, making it an attractive choice for tenants.With a current rental income of $4,200 per month plus utilities, and both units becoming vacant soon (main floor: end of February, basement: end of March), you have the opportunity to maintain or even improve the rental potential with new tenants. Alternatively, you can live in one unit and rent out the other, significantly offsetting your mortgage and housing costs. Situated in a sought-after neighborhood, this property attracts quality tenants and offers easy access to major amenities, schools, parks, and transit. Whether youre an investor, a first-time homebuyer, or looking for a multi-family setup, this duplex is a fantastic opportunity to build equity and reduce housing expenses in a thriving area. Dont miss out on this versatile property book your showing today and envision the possibilities!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-03-02 | 2023-03-21 | 19 | $1,900 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
45' x 100'
Acreage
< .50
Fronting
West
Taxes
$3,095 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 12.86' x 16.77' | |
Kitchen | Main | 11.48' x 9.88' | |
Dining | Main | 13.42' x 8.96' | |
Br | Main | 10.99' x 8.92' | |
2nd Br | Main | 11.75' x 9.42' | |
Prim Bdrm | Main | 10.99' x 12.60' | |
Bathroom | Main | 8.33' x 6.86' | 3 Pc Bath |
Family | Bsmt | 23.06' x 16.86' | |
Kitchen | Bsmt | 17.13' x 12.11' | |
Bathroom | Bsmt | 7.74' x 6.59' | 3 Pc Bath |
Br | Bsmt | 10.83' x 9.71' | |
2nd Br | Bsmt | 11.88' x 12.57' |
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London Market Statistics
London Price Trend
107 Harding Cres is a 3-bedroom 2-bathroom home listed for sale at $649,900, which is $34,733 (5.6%) higher than the average sold price of $615,167 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom home in London declined by $14,070 (2.2%) compared to the previous 30 day period (November 19 - December 18) and down $24,833 (3.9%) from the same time one year ago.Inventory Change
There were 138 3-bedroom homes listed in London over the last 30 days (December 19 - January 17), which is down 19.3% compared with the previous 30 day period (November 19 - December 18) and up 1,154.5% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($29,447) (4.8%) below asking price over the last 30 days (December 19 - January 17), which represents a $15,999 decrease compared to the previous 30 day period (November 19 - December 18) and ($14,000) less 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 (December 19 - January 17) stood at 117.4%, up from 101.8% over the previous 30 days (November 19 - December 18) and down from 190.9% 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 38 days when successfully sold over the last 30 days (December 19 - January 17), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Gold Empire Realty Inc.
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