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Property Description
Getting started as a homeowner or investor and want a move-in condition 2 + 2 bedroom bungalow house that has been updated to the nines? This would make an excellent multi-generation house or investment with a kitchen in the lower, two bedrooms, a stove, fridge and washer and dryer and then on the main floor, you have a fridge, stove, OTR microwave, a dishwasher and a stackable washer and dryer, a primary bedroom with a walk-in closet and a second bedroom! Since 2019, most windows have been replaced, including the roof, refitted plumbing, upgraded 200 amp service, new patio and drainage, and front landscaping. The furnace and A/C were installed in 2017. Tastefully decorated, a renovated kitchen, carpet-free and on and on. Look at the floor plans, which are well laid out for privacy and flow. On the Eastern perimeter of Old East Village, there is a bus route and the neighbourhood is one of the features most love the most. Because the house has a rear laneway, it is relatively quiet and easily walkable to amenities in OEV and parks. This is a show stopper, and I have the pleasure of being able to represent this couple who have cared for this home; in turn, the $489,951 asking price is not a casual pie-in-the-sky price; once you see the value, you will agree, you may want to act quickly! The City of London has a rental agreement, if required, for the next two years for an easement fronting on Dundas Street; if implemented, the income would be $6,000 yearly.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2017-04-27 | 2017-05-04 | 7 | $169,900 | $191,000 | Sold |
| 2018-12-07 | 2019-01-22 | 53 | $275,000 | $255,000 | Sold |
| 2018-08-17 | 2018-11-15 | 90 | $259,900 | - | Terminated |
Property Features
Library, Park, Place Of Worship, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
34' x 118'
Fronting
North
Taxes
$3,256 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Lane
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 10.99' x 12.60' | |
| Dining | Main | 8.40' x 10.99' | |
| Prim Bdrm | Main | 10.79' x 19.78' | , W/I Closet |
| 2nd Br | Main | 10.07' x 10.79' | |
| 3rd Br | Main | 10.79' x 19.78' | |
| Foyer | Lower | 10.07' x 10.79' | |
| Living | Lower | 10.99' x 12.60' | |
| Rec | Lower | 7.91' x 8.69' | |
| Rec | Lower | 7.91' x 8.69' | |
| Br | Lower | 10.27' x 13.09' | |
| 2nd Br | Lower | 10.60' x 14.37' | |
| Laundry | Main | 6.07' x 8.40' |
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London Market Statistics
London Price Trend
1242 Dundas St is a 2-bedroom 2-bathroom home listed for sale at $489,951, which is $114,785 (19.0%) lower than the average sold price of $604,736 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in London increased by $44,081 (7.9%) compared to the previous 30 day period (December 22 - January 20) and up $368,777 (156.3%) from the same time one year ago.Inventory Change
There were 53 2-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 23.3% compared with the previous 30 day period (December 22 - January 20) and up 657.1% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($4,420) (0.7%) below asking price over the last 30 days (January 21 - February 19), which represents a $6,862 increase compared to the previous 30 day period (December 22 - January 20) and ($3,301) 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 2-bedroom homes in London over the last 30 days (January 21 - February 19) stood at 66.0%, down from 104.7% over the previous 30 days (December 22 - January 20) and down from 159,342.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in London stood at 37 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group Preferred Realty Inc.
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