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Property Description
Exceptional Investment Opportunity in Old East London. This meticulously maintained property, situated in the vibrant heart of Old East London, presents a compelling investment for both first-time homebuyers and seasoned investors seeking strong returns. Features include a fenced yard, ample parking, and convenient on-site laundry facilities. Each unit is fully equipped generating immediate income from both the main floor and basement. Recent upgrades encompass fresh paint, roof replacement, a high-efficiency furnace, and air conditioning. Its convenient location, within walking distance of Silverwood's Arena, St. Julien Park, schools, shopping, and public transportation, ensures strong rental potential, estimated at approximately $3800 per month. This represents a significant opportunity in a thriving neighborhood.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-10-31 | 2024-12-12 | 42 | $569,000 | - | Terminated |
2024-10-04 | 2024-10-30 | 26 | $599,900 | - | Terminated |
2021-04-26 | 2021-05-11 | 15 | $449,000 | $499,000 | Sold |
2017-09-29 | 2017-10-13 | 17 | $234,900 | $227,500 | Sold |
2004-11-25 | 2004-12-01 | 9 | $109,000 | $109,000 | Sold |
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
50' x 82'
Acreage
< .50
Fronting
South
Taxes
$2,352 (2023)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Available
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 8.83' x 9.25' | |
Living | Main | 8.07' x 12.07' | |
Prim Bdrm | Main | 8.07' x 12.07' | |
Br | Main | 8.07' x 12.07' | |
Br | Main | 8.07' x 12.07' | |
Rec | Bsmt | 10.17' x 18.34' | |
Br | Bsmt | 8.99' x 13.48' | |
Office | Bsmt | 8.23' x 8.83' | |
Laundry | Bsmt | 8.43' x 9.09' |
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London Market Statistics
London Price Trend
1227 TRAFALGAR St is a 3-bedroom 2-bathroom home listed for sale at $569,500, which is $51,147 (8.2%) lower than the average sold price of $620,647 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 3 bedroom home in London declined by $25,100 (3.9%) compared to the previous 30 day period (October 18 - November 16) and up $50,647 (8.9%) from the same time one year ago.Inventory Change
There were 163 3-bedroom homes listed in London over the last 30 days (November 17 - December 16), which is down 35.3% compared with the previous 30 day period (October 18 - November 16) and up 608.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($12,945) (2.1%) below asking price over the last 30 days (November 17 - December 16), which represents a $170 increase compared to the previous 30 day period (October 18 - November 16) and ($24,900) 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 3-bedroom homes in London over the last 30 days (November 17 - December 16) stood at 104.3%, up from 81.0% over the previous 30 days (October 18 - November 16) and up from 73.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in London stood at 29 days when successfully sold over the last 30 days (November 17 - December 16), compared to 62 days before being removed from the market upon being suspended or terminated.Listing contracted with King Realty Inc.
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