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Property Description
Attention all investors and first-time buyers! This 3-bedroom detached home sits on a spacious 50' x 132' lot in an A+ location. Conveniently located close to transit, shopping, parks, schools, a community centre, Fanshawe College, and Western University, this property offers easy access to everything you need. The home is right next to commercial areas and is just off Oxford Street, a major artery connecting London East and West. Recent updates include new windows, a new kitchen, and a newly finished attic space. Seller open to hold first mortgage. Don't miss this fantastic opportunity!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-08-25 | 2023-09-15 | 21 | $399,900 | $300,000 | Sold |
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Property Details
Street
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
700-1100
Lot Size
50' x 132'
Fronting
West
Taxes
$2,418 (2023)
Basement
Unfinished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Foyer | Main | 6.17' x 318.24' | |
Living | Main | 16.40' x 11.42' | |
Kitchen | Main | 7.91' x 13.42' | |
Bathroom | Main | 4.82' x 6.76' | 4 Pc Bath |
Br | Main | 9.84' x 11.58' | |
2nd Br | Main | 9.25' x 10.33' | |
3rd Br | Main | 14.76' x 11.75' |
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London Market Statistics
London Price Trend
116 Sterling St is a 3-bedroom 1-bathroom home listed for sale at $439,000, which is $189,687 (30.2%) lower than the average sold price of $628,687 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 3 bedroom home in London declined by $2,951 (0.5%) compared to the previous 30 day period (September 23 - October 22) and up $12,116 (2.0%) from the same time one year ago.Inventory Change
There were 225 3-bedroom homes listed in London over the last 30 days (October 23 - November 21), which is down 19.4% compared with the previous 30 day period (September 23 - October 22) and up 625.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($12,964) (2.1%) below asking price over the last 30 days (October 23 - November 21), which represents a $1,202 decrease compared to the previous 30 day period (September 23 - October 22) and ($11,585) 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 (October 23 - November 21) stood at 89.3%, up from 76.7% over the previous 30 days (September 23 - October 22) and up from 67.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in London stood at 27 days when successfully sold over the last 30 days (October 23 - November 21), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Streetcity Realty Inc.
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