123 Mill St

East B, London, N6A 1P7
FOR SALE
$799,000
123 Mill St, London
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
123 Mill St
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123 Mill St
123 Mill St
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123 Mill St
123 Mill St
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123 Mill St
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123 Mill St
123 Mill St
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
10
ROOMS
X9416086
MLSID
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Property Description
Make sense with your dollars...superb investment opportunity or live-in with income describes this brick century home in fabulous core rental area. This legal duplex boasts a two bedroom one bath main floor unit with high ceilings, classic original trim and a spacious updated eat in kitchen, plus a generous living area and two sun-filled bedrooms. The upper three bedroom one bath unit is equally updated and also offers ample space in the living area and bedrooms. Both units have in suite laundry. Separate hydro meters and most windows replaced. The property could easily be converted back to a single family home or live in one unit and have the other assist with your mortgage. Vacant so you can move right in or choose your future tenants.
Property Features
Fenced Yard, Public Transit
Property Details
Street
Community
City
Property Type
Duplex, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
40' x 64'
Acreage
< .50
Fronting
South
Taxes
$6,183 (2023)
Basement
Full, Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Pvt Double
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain12.86' x 11.52'
DiningMain15.19' x 12.89'
KitchenMain14.44' x 12.76'
Prim BdrmMain14.07' x 8.60'
Family2nd15.09' x 9.68'
Br2nd11.71' x 9.22'
Laundry2nd3.28' x 11.68'
Den2nd14.21' x 8.53'
UtilityBsmt19.13' x 13.22'
OtherBsmt19.03' x 11.15'Unfinished
UtilityBsmt19.03' x 12.57'
London Market Statistics
London Price Trend
123 Mill St is a 3-bedroom 2-bathroom home listed for sale at $799,000, which is $162,632 (25.6%) higher than the average sold price of $636,368 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 3 bedroom home in London increased by $16,974 (2.7%) compared to the previous 30 day period (September 1 - September 30) and up $10,684 (1.7%) from the same time one year ago.
Inventory Change
There were 275 3-bedroom homes listed in London over the last 30 days (October 1 - October 30), which is down 11.9% compared with the previous 30 day period (September 1 - September 30) and up 450.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($13,104) (2.1%) below asking price over the last 30 days (October 1 - October 30), which represents a $2,059 decrease compared to the previous 30 day period (September 1 - September 30) and ($6,852) 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 3-bedroom homes in London over the last 30 days (October 1 - October 30) stood at 72.4%, up from 62.8% over the previous 30 days (September 1 - September 30) and up from 38.0% 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 23 days when successfully sold over the last 30 days (October 1 - October 30), compared to 57 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sutton Group - Select Realty
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DUPLEX BUILDING IN GREAT CONDITION, 2-STOREY ALL BRICK, BUILDING WAS TOTLALY RENOVATED IN 2010 FROM WOOD STUDS. NEW WINDOWS AND DOORS, KITCHENS, AND BATHS. HEATING SYSTEM IS HOT WATER GAS HEAT, HEATING BILLS ARE LOWER LOW, EACH UNIT IS RENTED, POSSIBLE 3RD UNIT IS POSSIBLE, IT IS ALREADY FRAMED AND WIRED FOR ELECTRIC, EACH UNIT PAYS FOR THEIR OWN HYDRO, EACH UNIT HAS SEPARATE A/C UNITS. THE REAR YARD IS VERY SPACIOUS WITH POTENTIAL TO ADD MORE UNITS OR A LARGE WORK GARAGE. PROPERTY HAS BEEN WELL KEPT OVER THE YEARS. RENTAL INCOME AND EXPENSES TO BE PROVIDED ON REQUEST
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