1519 Howland Ave

East H, London, N5V 1W8
FOR SALE
$619,000
1519 Howland Ave, London
1519 Howland Ave
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3 + 3
BEDROOMS
2
BATHROOMS
1
KITCHENS
7 + 6
ROOMS
X9358072
MLSID
Contact Us
Property Description
Attention investors and multi-generational families! This high quality property is being offered together or independant of neighbouring income property 1504 Howland Ave (MLS #: X9358053); conveniently located several doors down on the same road.This student rental opportunity is successfully garnering over $3800 a month in rental income; with high cash flow potential averaging over $3000 a month after expenses. It is situated on the doorstep of Fanshawe College; conviently located for students only a few minutes walk just up the road. The prime set up of this property features two seperate living spaces totalling six bedrooms; including a main level space and lower level with seperate walkout entrance; each featuring three spacious bedrooms, a functional washroom (a four piece washroom upstairs and three piece full path on the lower level), a kitchen on each level and a shared open living room. The seperate living areas could also be ideal for a multi-generational family looking to have the set up of two seperate living areas; and also features a large functional yard with old growth trees and a covered patio. The neighbourhood offers a balance of families and students. This location also offers an impressive long double wide driveway that could accomodate for up to ten cars. This property also offers very close access to major public transit routes and is situated in close driving distance to major shopping centers including the Oxbury Plaza and Argyle Mall; and has many sports and recreation centers in the direct and surrounding area. Although it sits in close proximity to major transportation routes, the house is sheltered from high activity and offers a quaint environment. This could be a prime candidate for an additonal garden suite unit with a large open backyard and/or adding value through pursuing the process to convert the property into a legal duplex as an option. Very competitively priced amoung comparible Fanshawe College student rental oppurtunities.
Property Features
Cul De Sac, Fenced Yard, Park, Public Transit, Rec Centre, School
Property Details
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
57' x 134'
Acreage
< .50
Lot Irregularities
7.1 x 134.65 x 57.12 x 134.26 x 20.01/ft
Fronting
South
Taxes
$2,996 (2023)
Basement
Fin W/O, Sep Entrance
Exterior
Alum Siding, Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Private
Garage Type
None
Room Summary
RoomLevelSizeFeatures
Prim BdrmMain10.33' x 12.50'
BrMain11.75' x 10.99'
2nd BrMain10.33' x 11.32'
LivingMain27.76' x 14.01'
BathroomMain4.99' x 8.01'4 Pc Bath
KitchenMain12.60' x 10.33'
3rd BrBsmt12.76' x 7.74'
4th BrBsmt9.68' x 10.83'
5th BrBsmt9.51' x 10.99'
BathroomBsmt5.09' x 6.92'3 Pc Bath
KitchenBsmt13.58' x 21.42'Combined W/Living
LaundryBsmt9.51' x 10.66'
London Market Statistics
London Price Trend
1519 Howland Ave is a 3-bedroom 2-bathroom home listed for sale at $619,000, which is $17,368 (2.7%) lower 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 Exp Realty
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