12 Mcdonald Ave
London, N6G 1B1
FOR SALE
$740,000
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6
BEDROOMS3
BATHROOMS3
KITCHENS8
ROOMSX8205828
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Property Description
LEGAL duplex in a very desirable location close to Western University on a cul-de-sac. The first unit includes 4 rooms two on the main floor and two in the finished basement. There is a full bathroom on both floors as well as a laundry unit, full kitchen on the main floor, and semi-kitchen in the basement (hotplate, fridge, microwave). The second, two-bedroom unit is at the back of the house and has its own separate and private entrance with a full kitchen, bath, deck, balcony and laundry unit. In addition to a porch deck, the back unit also has a balcony facing the spacious backyard. This house has a lot of rental potential with two, complete separate units and 6 rooms overall. It has been a very profitable and cash flow positive investment. It is currently rented out, so we require a min. 24-hour notice before holding showings. New roof (Sep 2022) on the front unit. Tremendous value for an investor or anyone wanting to live in one unit while renting out the rest of the house. The unique construction of front and back units provides extra privacy. Recently (2018) installed pot lighting and new appliances in the front unit. The house was fully renovated in 2008 and is very modern with a large parking lot. Prime area right at Oxford and Wharncliffe, desirable both for family living and student rentals. Take decision after a showing as this is a very unique property. Flexible closing.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-08-12 | 2021-11-11 | 23 | $679,000 | - | Expired |
| 2018-01-22 | 2018-02-23 | 32 | $419,900 | $400,000 | Sold |
| 2006-04-24 | 2006-05-04 | 14 | $124,900 | $124,000 | Sold |
| 2021-08-11 | 2021-09-23 | 43 | $679,000 | - | Terminated |
| 2021-08-11 | 2021-09-02 | 22 | $679,000 | - | Suspended |
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Property Details
Street
City
Property Type
Duplex, 2-Storey
Lot Size
30' x 207'
Acreage
< .50
Fronting
North
Taxes
$4,076 (2023)
Basement
Finished, Full
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Available
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 11.71' x 15.75' | |
| Bathroom | Main | 9.84' x 6.56' | |
| Kitchen | Main | 11.32' x 11.42' | |
| Br | Main | 10.01' x 11.25' | |
| Br | Main | 8.76' x 9.68' | |
| Kitchen | Main | 13.42' x 15.85' | |
| Living | Main | 11.42' x 15.42' | |
| Br | Bsmt | 7.68' x 9.58' | |
| Br | Bsmt | 9.42' x 9.58' | |
| Living | Main | 13.68' x 13.68' |
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London Market Statistics
London Price Trend
12 Mcdonald Ave is a 6-bedroom 3-bathroom home listed for sale at $740,000, which is $265,000 (26.4%) lower than the average sold price of $1,005,000 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 6 bedroom home in London increased by $147,500 (17.2%) compared to the previous 30 day period (March 15 - April 13) and up $174,200 (21.0%) from the same time one year ago.Inventory Change
There were 8 6-bedroom homes listed in London over the last 30 days (April 14 - May 13), which is up 300.0% compared with the previous 30 day period (March 15 - April 13) and up 700.0% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in London typically sold ($33,449) (3.3%) below asking price over the last 30 days (April 14 - May 13), which represents a $11,049 decrease compared to the previous 30 day period (March 15 - April 13) and ($19,088) 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 6-bedroom homes in London over the last 30 days (April 14 - May 13) stood at 50.0%, down from 250.0% over the previous 30 days (March 15 - April 13) and down from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 3-bathroom home in London stood at 41 days when successfully sold over the last 30 days (April 14 - May 13), compared to 41 days before being removed from the market upon being suspended or terminated.Listing contracted with Right At Home Realty
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