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BEDROOMS1
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KITCHENS5
ROOMSX11939886
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Property Description
Affordable one bedroom condo located on top floor. Kitchen updated with newer cabinetry and countertops. Taxes are super low and condo fees include heat, water and parking. If you have the vision, this could be an ideal opportunity for a first time owner or investor that is willing to invest a little bit of elbow grease for return. Close to amenities including shopping, schools, 401, grocery stores, dog park and biking trails.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-09-28 | 2023-12-28 | 70 | $165,900 | - | Expired |
| 2022-07-20 | 2022-11-01 | 104 | $165,000 | - | Terminated |
| 2022-07-20 | 2022-12-09 | 142 | $165,000 | - | Terminated |
Property Features
Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, 3-Storey
Approximate Sq.Ft.
500-599
Taxes
$511 (2024)
Basement
None
Exterior
Alum Siding, Brick
Heat Included
Yes
Heat Type
Baseboard
Heat Source
Gas
Air Conditioning
None
Parking Spaces
1
Parking 1
Common
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 6.76' x 9.58' | |
| Living | Main | 10.07' x 9.25' | |
| Dining | Main | 9.42' x 6.59' | |
| Br | Main | 10.66' x 10.40' |
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London Market Statistics
London Price Trend
1172 Hamilton Rd 304 is a 1-bedroom 1-bathroom condo listed for sale at $139,900, which is $165,733 (54.2%) lower than the average sold price of $305,633 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in London increased by $44,696 (17.1%) compared to the previous 30 day period (December 22 - January 20) and up $190,698 (165.9%) from the same time one year ago.Inventory Change
There were 23 1-bedroom condos listed in London over the last 30 days (January 21 - February 19), which is up 53.3% compared with the previous 30 day period (December 22 - January 20) and up ∞ compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in London typically sold ($5,116) (1.7%) below asking price over the last 30 days (January 21 - February 19), which represents a $19,740 increase compared to the previous 30 day period (December 22 - January 20) and ($2,394) 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 1-bedroom condos in London over the last 30 days (January 21 - February 19) stood at 26.1%, down from 106.7% over the previous 30 days (December 22 - January 20) and down from ∞ one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in London stood at 39 days when successfully sold over the last 30 days (January 21 - February 19), compared to 89 days before being removed from the market upon being suspended or terminated.Listing contracted with Blue Forest Realty Inc.
Similar Listings
1 bedroom unit on the 9th floor with a big west facing balcony. Nice views. Priced well below market value. Tenant must be assumed (once buyer takes possession of the property you're free to serve notice for vacant possession). Tenant moved in Dec 1, 2020 and is currently renting on a month-to-month basis at $796.96/mth. Family friendly neighbourhood surrounded by mature trees and grass area. Walking distance to all the shopping at the corner of Oxford and Highbury and easy access to Fanshawe College. Property tax is $1290/yr. Condo fee is $508/mth which includes heat, hydro, and water. One parking space, on a first come first serve basis.
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