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ROOMSX12015798
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Property Description
2 bedroom unit on the 2nd floor, facing south. Vacant. Freshly painted. Just needs flooring. Condo fee is $481/mth which includes heat, water and 1 parking space. Walking distance to schools, groceries, White Oaks Mall, South London Urgent Care Clinic, White Oaks' Community Centre. Close to Hospital and Hwy 401. Property tax is $1038/yr.
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$1,038 (2024)
Basement
None
Exterior
Brick, Concrete
Heat Included
Yes
Heat Type
Baseboard
Heat Source
Gas
Air Conditioning
Other
Parking Spaces
1
Parking 1
Common
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 11.52' x 13.48' | |
| Dining | Flat | 8.33' x 10.01' | |
| Kitchen | Flat | 7.51' x 8.99' | |
| Br | Flat | 10.66' x 11.15' | |
| Br | Flat | 8.50' x 10.83' | |
| Other | Flat | 4.00' x 5.35' |
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London Market Statistics
London Price Trend
1588 Ernest Ave 208 is a 2-bedroom 1-bathroom condo listed for sale at $229,900, which is $225,515 (49.5%) lower than the average sold price of $455,415 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in London increased by $4,250 (0.9%) compared to the previous 30 day period (December 22 - January 20) and up $292,398 (179.4%) from the same time one year ago.Inventory Change
There were 70 2-bedroom condos listed in London over the last 30 days (January 21 - February 19), which is up 55.6% compared with the previous 30 day period (December 22 - January 20) and up 3,400.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($8,330) (1.8%) below asking price over the last 30 days (January 21 - February 19), which represents a $14,524 increase compared to the previous 30 day period (December 22 - January 20) and ($2,896) 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 (January 21 - February 19) stood at 18.6%, down from 77.8% over the previous 30 days (December 22 - January 20) and down from 269,800.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom condo in London stood at 49 days when successfully sold over the last 30 days (January 21 - February 19), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group - Select Realty
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