116 Sterling St

East C, London, N5Y 1Y8
FOR SALE
$449,000
116 Sterling St, London
116 Sterling St
116 Sterling St
116 Sterling St
116 Sterling St
116 Sterling St
116 Sterling St
116 Sterling St
116 Sterling St
116 Sterling St
116 Sterling St
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116 Sterling St
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116 Sterling St
116 Sterling St
116 Sterling St
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3
BEDROOMS
1
BATHROOMS
1
KITCHENS
7
ROOMS
X9284154
MLSID
Contact Us
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!
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
Property Details
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
Room Summary
RoomLevelSizeFeatures
FoyerMain6.17' x 318.24'
LivingMain16.40' x 11.42'
KitchenMain7.91' x 13.42'
BathroomMain4.82' x 6.76'4 Pc Bath
BrMain9.84' x 11.58'
2nd BrMain9.25' x 10.33'
3rd BrMain14.76' x 11.75'
London Market Statistics
London Price Trend
116 Sterling St is a 3-bedroom 1-bathroom home listed for sale at $449,000, which is $169,462 (27.4%) lower than the average sold price of $618,462 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 3 bedroom home in London declined by $25,872 (4.0%) compared to the previous 30 day period (July 20 - August 18) and down $658 (0.1%) from the same time one year ago.
Inventory Change
There were 246 3-bedroom homes listed in London over the last 30 days (August 19 - September 17), which is up 28.1% compared with the previous 30 day period (July 20 - August 18) and up 459.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($11,777) (1.9%) below asking price over the last 30 days (August 19 - September 17), which represents a $1,409 decrease compared to the previous 30 day period (July 20 - August 18) and ($4,904) 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 (August 19 - September 17) stood at 77.2%, down from 91.7% over the previous 30 days (July 20 - August 18) and up from 56.8% 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 29 days when successfully sold over the last 30 days (August 19 - September 17), compared to 64 days before being removed from the market upon being suspended or terminated.
Listing contracted with Streetcity Realty Inc.
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