170 Martinet Ave

East I, London, N5V 4B3
FOR SALE
$739,000
170 Martinet Ave, London
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3 + 2
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
12
ROOMS
X9298351
MLSID
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Property Description
$$ INCOME GENERATING PROPERTY $$Attention First-Time Home Buyers and Investors! Immaculate detached raised bungalow for sale in a highly convenient neighborhood. This property features a huge backyard and a rentable basement apartment with a separate entrance, offering a steady income stream and potential for appreciation. Freshly painted with vinyl flooring throughout, the upper portion includes 3 spacious bedrooms, a washroom, a large living room combined with dining area, a large kitchen with black appliances, and main floor laundry. The basement, with its separate entrance, boasts 2 spacious bedrooms, a washroom, a large living room, a large kitchen with stainless steel appliances, and separate laundry. Previously rented for $2300 (upper portion) and $1850 (basement), totaling $4150.Don't miss this fantastic opportunity to own a versatile property with significant income potential!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-07-18 2023-07-24 6 $1,850 $1,850 Leased
Extras
Close To All Amenities, Parks, Trails, Public Transport, 15 Mins To Victoria Hospital, 10 Mins To Fanshawe College, 19 Mins To Western University & 8 Mins To London International Airport.
Property Features
Fenced Yard, Hospital, Park, Place Of Worship, Public Transit, School
Property Details
Community
City
Property Type
Detached, Bungalow-Raised
Approximate Sq.Ft.
1100-1500
Lot Size
47' x 117'
Fronting
North
Taxes
$4,043 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
Prim BdrmMain12.17' x 14.01'
2nd BrMain10.01' x 10.01'
3rd BrMain10.01' x 10.01'
KitchenMain20.01' x 10.01'
DiningMain12.17' x 10.01'
LivingMain14.01' x 12.01'
4th BrBsmt10.01' x 10.01'
5th BrBsmt10.01' x 10.01'
FamilyBsmt12.50' x 23.75'
KitchenBsmt12.50' x 14.01'
London Market Statistics
London Price Trend
170 Martinet Ave is a 3-bedroom 2-bathroom home listed for sale at $739,000, which is $120,538 (19.5%) higher than the average sold price of $618,462 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 3 bedroom home in London declined by $25,872 (4.0%) compared to the previous 30 day period (July 20 - August 18) and down $658 (0.1%) from the same time one year ago.
Inventory Change
There were 246 3-bedroom homes listed in London over the last 30 days (August 19 - September 17), which is up 28.1% compared with the previous 30 day period (July 20 - August 18) and up 459.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($11,777) (1.9%) below asking price over the last 30 days (August 19 - September 17), which represents a $1,409 decrease compared to the previous 30 day period (July 20 - August 18) and ($4,904) 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 (August 19 - September 17) stood at 77.2%, down from 91.7% over the previous 30 days (July 20 - August 18) and up from 56.8% 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 (August 19 - September 17), compared to 64 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sutton Group - Realty Experts Inc.
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