1938 Gore Rd

East Q, London, N5W 6B8
FOR SALE
$899,900
1938 Gore Rd, London
1938 Gore Rd
1938 Gore Rd
1938 Gore Rd
1938 Gore Rd
1938 Gore Rd
1938 Gore Rd
1938 Gore Rd
1938 Gore Rd
1938 Gore Rd
1938 Gore Rd
1938 Gore Rd
1938 Gore Rd
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
8
ROOMS
X8345398
MLSID
Contact Us
Property Description
One floor ranch with 3 bedrooms and 1.5 bathroom, sitting on approximately .70 of an acre lot. Huge value in this commercially zoned lot that has been grandfathered for residential use!! Through application with the city, the new owner can have his/her business on the same lot, with ample parking and very broad zoning. The detached garage that's equipped with hydro, heat and water can potentially house up to 4-6 cars, with a ceiling height of 12ft + perfect for Truckers, Mechanics and Car Enthusiasts. Easy access to highway 401, with a short 2 minute drive to Veterans Memorial Parkway. Call for the full list of potential uses.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-03-05 2024-04-30 180 $1,050,000 - Expired
Extras
Municipal (city) sewer. Water source is currently well but can easily be connected to the city water, as per Seller. Seller may consider connecting the water to the city connection for Buyer.
Property Features
Other
Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
138' x 276'
Acreage
.50-1.99
Lot Irregularities
106.27 FT X 275.76 FT X 139.07 FT X 228
Fronting
South
Taxes
$3,857 (2023)
Basement
None
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Other
Water
Well
Parking Spaces
10
Driveway
Available
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenMain10.01' x 17.98'
LivingMain14.01' x 18.31'
Prim BdrmMain11.91' x 14.99'
2nd BrMain10.01' x 9.51'
3rd BrMain9.51' x 9.81'
FamilyMain19.00' x 17.98'
London Market Statistics
London Price Trend
1938 Gore Rd is a 3-bedroom 2-bathroom home listed for sale at $899,900, which is $281,438 (45.5%) 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 Century 21 First Canadian Corp.
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