1215 CHEAPSIDE St 2

East C, London, N5Y 5J9
FOR SALE
$429,000
1215 CHEAPSIDE St 2, London
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
1215 CHEAPSIDE St 2
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
7 + 3
ROOMS
X9284455
MLSID
Contact Us
Property Description
These townhouse condos at Cheapside and Highbury are located close to school, shopping, recreational facilities and only two blocks from Fanshawe College. It sits on a major bus route that goes directly to Western as well making this a great home for someone with a child in Post-Secondary Education or anyone wanting to simplify and downsize. The low condo fees make it an affordable home. It is equally suited for an investor looking to set up a student rental. With it being so close to Fanshawe, and having a large master that two could share, two other bedrooms on the second floor and a bonus room in the basement makes this an investment that can cover the cost and put a little money in your pocket. This home is vacant and ready for immediate occupancy the owner can close it ask quickly as the banks and lawyers can take care of their part. This place is priced under similar properties in the area as the Power of Attorney is motivated to sell it and move on with their lives. The first reasonable offer is buying this place so have a look and you can be the one.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-08-30 2024-09-02 3 $429,000 - Terminated
2024-05-27 2024-08-30 95 $459,000 - Terminated
2024-05-05 2024-05-27 71 $459,000 - Suspended
2024-03-19 2024-05-29 71 $459,000 - Terminated
2024-05-05 2024-05-27 71 $459,000 - Suspended
Property Details
Community
City
Property Type
Condo Townhouse, 2-Storey
Approximate Sq.Ft.
1000-1199
Taxes
$1,739 (2023)
Basement
Full
Exterior
Brick, Vinyl Siding
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Parking Spaces
2
Parking 1
Exclusive
Garage Type
None
London Market Statistics
London Price Trend
1215 CHEAPSIDE St 2 is a 3-bedroom 2-bathroom townhome listed for sale at $429,000, which is $46,806 (9.8%) lower than the average sold price of $475,806 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom townhome in London declined by $11,596 (2.4%) compared to the previous 30 day period (September 21 - October 20) and down $47,954 (9.2%) from the same time one year ago.
Inventory Change
There were 86 3-bedroom townhomes listed in London over the last 30 days (October 21 - November 19), which is down 11.3% compared with the previous 30 day period (September 21 - October 20) and up 473.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom townhomes in London typically sold ($12,659) (2.7%) below asking price over the last 30 days (October 21 - November 19), which represents a $2,894 decrease compared to the previous 30 day period (September 21 - October 20) and ($14,540) 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 3-bedroom townhomes in London over the last 30 days (October 21 - November 19) stood at 75.6%, up from 50.5% over the previous 30 days (September 21 - October 20) and up from 33.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom townhome in London stood at 45 days when successfully sold over the last 30 days (October 21 - November 19), compared to 57 days before being removed from the market upon being suspended or terminated.
Listing contracted with Initia Real Estate (Ontario) Ltd
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