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BEDROOMS2
BATHROOMS1
KITCHENS5 + 2
ROOMSX11022498
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Property Description
OPPORTUNITY KNOCKS!! Attention builders, renovators and flippers your next opportunity is here. Massive lot measuring approximately 64' x 140'. This property has not been lived in for couple years and will require substantial renovation and restoration. The property is being sold "as is" with no representations or warranties. Limited access to the property will be provide at the following times: Friday November 29, 2024 from 2-4pm. Saturday November 30, 2024 from noon-2pm. Sunday December 1, 2024 from 11-1pm. Offers will not be entertained before Wednesday December 4th at 2pm.
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
700-1100
Lot Size
64' x 140'
Acreage
< .50
Lot Irregularities
63.83'x140.09'x63.84'x139.85'
Fronting
South
Taxes
$3,200 (2024)
Basement
Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
Carport
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 12.14' x 7.87' | |
| Living | Main | 17.06' x 11.48' | |
| Prim Bdrm | Main | 12.80' x 11.48' | |
| 2nd Br | Main | 11.48' x 8.86' | |
| 3rd Br | Main | 11.48' x 7.87' | |
| Rec | Lower | 22.97' x 19.69' | |
| Laundry | Lower | 9.84' x 9.84' |
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London Market Statistics
London Price Trend
1267 Hillcrest Ave is a 3-bedroom 2-bathroom home listed for sale at $275,000, which is $346,342 (55.7%) lower than the average sold price of $621,342 in the last 30 days (October 28 - November 26). During the last 30 days the average sold price for a 3 bedroom home in London declined by $14,620 (2.3%) compared to the previous 30 day period (September 28 - October 27) and down $2,658 (0.4%) from the same time one year ago.Inventory Change
There were 227 3-bedroom homes listed in London over the last 30 days (October 28 - November 26), which is down 14.0% compared with the previous 30 day period (September 28 - October 27) and up 710.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($11,841) (1.9%) below asking price over the last 30 days (October 28 - November 26), which represents a $997 increase compared to the previous 30 day period (September 28 - October 27) and ($12,700) 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 (October 28 - November 26) stood at 87.2%, up from 68.9% over the previous 30 days (September 28 - October 27) and up from 50.0% 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 29 days when successfully sold over the last 30 days (October 28 - November 26), compared to 63 days before being removed from the market upon being suspended or terminated.Listing contracted with The Realty Firm Inc.
Similar Listings
****POWER OF SALE**** This 3-bedroom, 2-bathroom property is a blank canvas, fully gutted down to the studs and awaiting your finishing touches. With a generous lot size and flexible zoning that permits both residential and various commercial uses (details on zoning available upon request), this is an incredible opportunity for developers, renovators, or investors. Ideal for those seeking forced appreciation and long-term cash flow, this project also offers huge upside for first-time homebuyers looking to customize their home and build equity. Don't miss out on this versatile investment with major potential! ~ Buyers to complete their own due diligence for zoning and permissions.
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Located at 748 Quebec St., this well-positioned bungalow offers convenient access to major bus routes and is mere minutes from Fanshawe College and Downtown. The property's highlights include two bedrooms, one bathroom, a spacious main floor, covered front porch, rear yard, and a detached garage featuring electrical service capacity and a wood stove. A dream come true for mechanics! To access, turn onto Salisbury, then left at the shared lane-way; the property is situated at the end on the left. Room measurements are approximate and should be confirmed by the purchaser.
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