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2 + 2
BEDROOMS3
BATHROOMS1 + 2
KITCHENS13
ROOMSX9511129
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Property Description
Sweet investment opportunity. Ideal for investors, large families, or house hackers. Zoned R3-1, this yellow brick home offers excellent rental income potential. Currently assessed as a duplex, it also features a third bachelor unit and a fourth entrance to the upper loft, perfect for use as a home office or studio. All units are vacant except for the main level, which is occupied by the owner, making this property ready for immediate occupancy or tenants. Located within walking distance to downtown London, Budweiser Gardens, walking trails, and major bus routes, this property is also just 25 minutes from Wortley Village. The home retains much of its original character, with high ceilings, detailed trim, and a charming clawfoot tub. The main level includes a spacious eat-in kitchen with patio doors leading to a fenced backyard, as well as a large living, bright sunroom, and dining room with 10-foot ceilings. Heating system features two gas fireplaces, one gas heater, and a woodstove on the main floor, with another gas heater upstairs and two electric fireplaces throughout the property. The sunroom, updated in 2024, includes a skylight, two patio doors, and large windows that overlook the private backyard. Parking is available at the side and front of the home, and the property offers 200-amp service. Appliances include three fridges, three stoves, a washer, dryer, and a stovetop microwave. With R3-1 zoning permitting up to four units, this property offers an opportunity for investors looking to grow their portfolio or homeowners wanting rental income to offset mortgage costs. Motivated Seller. Selling as is.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-07-24 | 2024-10-24 | 92 | $549,900 | - | Expired |
2024-07-24 | 2024-08-12 | 19 | $549,900 | - | Suspended |
Property Features
Fenced Yard, Park, Place Of Worship, Public Transit
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Property Details
Street
Community
City
Property Type
Duplex, 2 1/2 Storey
Approximate Sq.Ft.
2000-2500
Lot Size
47' x 88'
Acreage
< .50
Fronting
West
Taxes
$3,033 (2023)
Basement
Crawl Space
Exterior
Brick
Heat Type
Other
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Lane
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Bathroom | Ground | 6.89' x 11.61' | 4 Pc Bath |
Br | Ground | 10.37' x 11.55' | |
Br | Ground | 7.48' x 11.52' | |
Family | Ground | 11.35' x 12.11' | |
Foyer | Ground | 6.30' x 8.60' | |
Kitchen | Ground | 32.58' x 17.32' | |
Living | Ground | 12.11' x 14.01' | |
Sunroom | Ground | 13.35' x 13.71' | |
Bathroom | Ground | 5.61' x 6.43' | 4 Pc Bath |
Family | 2nd | 11.61' x 13.42' | |
Br | 2nd | 9.51' x 12.07' | |
Kitchen | 2nd | 9.51' x 11.84' |
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London Market Statistics
London Price Trend
193 Waterloo St is a 2-bedroom 3-bathroom home listed for sale at $464,900, which is $83,678 (15.3%) lower than the average sold price of $548,578 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 2 bedroom home in London increased by $3,524 (0.6%) compared to the previous 30 day period (October 18 - November 16) and down $12,422 (2.2%) from the same time one year ago.Inventory Change
There were 47 2-bedroom homes listed in London over the last 30 days (November 17 - December 16), which is down 33.8% compared with the previous 30 day period (October 18 - November 16) and up 840.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($12,053) (2.2%) below asking price over the last 30 days (November 17 - December 16), which represents a $4,529 decrease compared to the previous 30 day period (October 18 - November 16) and ($38,900) 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 2-bedroom homes in London over the last 30 days (November 17 - December 16) stood at 85.1%, down from 95.8% over the previous 30 days (October 18 - November 16) and up from 20.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in London stood at 33 days when successfully sold over the last 30 days (November 17 - December 16), compared to 63 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Advantage Realty Ltd.
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