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Property Description
Wonderful opportunity for first-time home buyers and investors! This apartment building is in high demand as it's in the heart of downtown London with steps away from Richmond Row, unique shopping amenities, restaurants, Victoria Park, Budweiser Gardens, and more! The spacious layout includes 2 bedrooms, 2 bathrooms, a galley-style kitchen, stainless steel appliances, and an open-concept living/dining room with access to a private balcony. The condo fee covers exercise facilities/sauna privileges, a storage locker, and an assigned covered parking space in the adjacent garage.
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$2,016 (2023)
Basement
None
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Exclusive
Garage Type
Other
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 7.91' x 9.74' | |
| Living | Main | 10.99' x 11.52' | |
| Dining | Main | 9.25' x 8.76' | |
| Br | Main | 10.07' x 11.15' | |
| 2nd Br | Main | 10.99' x 14.50' |
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London Market Statistics
London Price Trend
155 Kent St E 1006 is a 2-bedroom 2-bathroom condo listed for sale at $299,900, which is $112,233 (27.2%) lower than the average sold price of $412,133 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 2 bedroom condo in London declined by $1,511 (0.4%) compared to the previous 30 day period (September 22 - October 21) and up $98,883 (31.6%) from the same time one year ago.Inventory Change
There were 72 2-bedroom condos listed in London over the last 30 days (October 22 - November 20), which is up 9.1% compared with the previous 30 day period (September 22 - October 21) and up 2,300.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($16,363) (4.0%) below asking price over the last 30 days (October 22 - November 20), which represents a $7,688 decrease compared to the previous 30 day period (September 22 - October 21) and ($6,689) 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 condos in London over the last 30 days (October 22 - November 20) stood at 41.7%, up from 37.9% over the previous 30 days (September 22 - October 21) and down from 66.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in London stood at 51 days when successfully sold over the last 30 days (October 22 - November 20), compared to 81 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Advantage Realty Ltd.
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