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ROOMSX11986709
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Property Description
Are you looking for a one-floor home with a legal income suite? This fully renovated bungalow offers incredible versatility in a prime location near Argyle Mall and Fanshawe College in East London. Currently configured as two self-contained units, each featuring a deluxe full bathroom, stainless steel appliances, a fireplace, and high-end finishes throughout. The main floor boasts a custom kitchen with granite countertops, an open-concept layout, and a stunning bay window overlooking a beautiful magnolia tree. The lower level, accessible via a private side entrance, offers its own open-concept space with a modern kitchen featuring quartz countertops. Outside, enjoy a large concrete pad perfect for parking or outdoor entertaining. Easily converted back to a single-family home or rent out one unit to help offset the mortgage! The property is larger than it appears, offering ample parking with room for 7 vehicles, an oversized detached garage/shop, metal roof on the house and detached garage, and even an electric vehicle charger. Enjoy a low-maintenance yard and the convenience of nearby shopping, public transit, schools, parks, and more. Situated on a quiet, walkable street, this home offers the ideal blend of comfort, turn key income, and lifestyle. Dont miss out on this exceptional opportunity to start buidling equity with this money maker!
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Property Features
Park, Place Of Worship, Public Transit, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Duplex, Bungalow
Approximate Sq.Ft.
1500-2000
Lot Size
37' x 122'
Fronting
North
Taxes
$3,398 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 11.98' x 17.98' | Electric Fireplace |
| Dining | Main | 8.50' x 10.50' | |
| Kitchen | Main | 10.50' x 11.98' | |
| Prim Bdrm | Main | 10.66' x 12.99' | |
| 2nd Br | Main | 9.22' x 10.24' | |
| Bathroom | Main | 5.15' x 6.56' | 4 Pc Bath |
| Living | Lower | 9.22' x 11.48' | Electric Fireplace |
| Kitchen | Lower | 11.25' x 12.40' | |
| Prim Bdrm | Lower | 9.68' x 11.84' | |
| Bathroom | Lower | 6.23' x 7.41' | 3 Pc Bath |
| Utility | Lower | 9.74' x 9.68' |
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London Market Statistics
London Price Trend
1972 Royal Cres is a 2-bedroom 2-bathroom home listed for sale at $597,795, which is $6,941 (1.1%) lower than the average sold price of $604,736 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in London increased by $44,081 (7.9%) compared to the previous 30 day period (December 22 - January 20) and up $368,777 (156.3%) from the same time one year ago.Inventory Change
There were 53 2-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 23.3% compared with the previous 30 day period (December 22 - January 20) and up 657.1% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($4,420) (0.7%) below asking price over the last 30 days (January 21 - February 19), which represents a $6,862 increase compared to the previous 30 day period (December 22 - January 20) and ($3,301) 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 homes in London over the last 30 days (January 21 - February 19) stood at 66.0%, down from 104.7% over the previous 30 days (December 22 - January 20) and down from 159,342.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in London stood at 37 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group - Select Realty
Similar Listings
Duplex 14 Kitchener Avenue: A great investment opportunity. It's in a desirable area, close to shopping, transit, the Western Fair, and Downtown. With both units leased, you have a solid rental income. ($1500.00 per month main and $1300.00 per month upper. The main floor features three bedrooms, a full bathroom, and a spacious living and dining area, while the upper level offers two bedrooms, a full bathroom, and a cozy natural gas fireplace. The property also includes plenty of storage, laundry facilities, parking, and a detached garage. Recent updates enhance its appeal, making it a great choice for both owner occupancy or as part of an income property portfolio.
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