116 Sterling St

East C, London, N5Y 1Y8
FOR SALE
$439,000
116 Sterling St, London
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 $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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