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Property Description
Handyman Special or Investor Opportunity - Great Starter Home Potential! This 2-bedroom, 1-bathroom home is a fantastic opportunity for those with a vision and a little bit of elbow grease. While the property requires some tender loving care, it offers incredible potential to become a cozy starter home or a profitable investment with the right upgrades. The home features a durable steel roof, installed in 2022, and newer vinyl windows, offering a solid foundation for future improvements. With a decent layout and a generous backyard, this property has the potential to be transformed into a charming and comfortable living space. Located in a convenient neighborhood, this home is just minutes away from shopping centers, Fanshawe College, and all major public transit routes, making it an excellent choice for renters or young families looking to settle in a prime location. Don't miss the chance to bring this home back to life and unlock its full potential! This cozy home is available for sale in its current condition, sold as-is, with no representations or warranties. The owner has never lived in the property.
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Extras
New Toilet in Box
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
< 700
Lot Size
25' x 132'
Acreage
< .50
Fronting
West
Taxes
$1,783 (2024)
Basement
Unfinished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Available
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 2.79' x 5.02' | |
| Br | Main | 2.66' x 3.41' | |
| 2nd Br | Main | 2.66' x 3.08' | |
| Kitchen | Main | 2.79' x 4.30' | |
| Bathroom | Main | 2.66' x 2.76' | 4 Pc Bath |
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London Market Statistics
London Price Trend
117 Sterling St is a 2-bedroom 1-bathroom home listed for sale at $299,900, which is $225,186 (42.9%) lower than the average sold price of $525,086 in the last 30 days (November 3 - December 2). During the last 30 days the average sold price for a 2 bedroom home in London declined by $7,110 (1.3%) compared to the previous 30 day period (October 4 - November 2) and up $90,086 (20.7%) from the same time one year ago.Inventory Change
There were 56 2-bedroom homes listed in London over the last 30 days (November 3 - December 2), which is down 31.7% compared with the previous 30 day period (October 4 - November 2) and up 700.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($13,691) (2.6%) below asking price over the last 30 days (November 3 - December 2), which represents a $10,556 decrease compared to the previous 30 day period (October 4 - November 2) and ($38,900) 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 2-bedroom homes in London over the last 30 days (November 3 - December 2) stood at 101.8%, up from 79.3% over the previous 30 days (October 4 - November 2) and up from 42.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in London stood at 33 days when successfully sold over the last 30 days (November 3 - December 2), compared to 63 days before being removed from the market upon being suspended or terminated.Listing contracted with Housesigma Inc.
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OPPORTUNITY KNOCKS!! Attention builders, renovators and flippers your next opportunity is here. Massive lot measuring approximately 64' x 140'. This property has not been lived in for couple years and will require substantial renovation and restoration. The property is being sold "as is" with no representations or warranties. Offers will not be entertained before Wednesday December 4th at 2pm.
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