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Property Description
Welcome to this charming and affordable single-detached home, a rare find in London's competitive real estate market. Properties in this price range are selling quickly, making this home an excellent opportunity for first-time buyers or investors. Featuring three spacious bedrooms, this home sits on a generous-sized lot in a peaceful, family-friendly neighborhood. The interior boasts classic oak cabinetry, Series 800 doors, and durable vinyl windows, offering both style and longevity. With a 100 Amp circuit breaker, the home is well-equipped for modern electrical needs. Whether you're looking to settle into a comfortable home or seeking a rental investment, this property offers plenty of potential. The private driveway provides ample parking, while the serene backyard is perfect for those with a green thumb, featuring a dedicated private sitting area for outdoor relaxation. This home is an ideal blend of affordability, comfort, and future possibilities. Don't miss your chance to own this fantastic property!
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
40' x 105'
Lot Irregularities
107.24 x 39.97 ft x 105.86 ft x 40.00 ft
Fronting
West
Taxes
$1,929 (2023)
Basement
Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Front Yard
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 10.20' x 12.80' | |
| Dining | Main | 8.01' x 15.39' | |
| Br | Main | 10.10' x 15.39' | |
| 2nd Br | Main | 10.60' x 9.09' | |
| 3rd Br | Main | 9.09' x 10.10' | |
| Living | Main | 14.30' x 16.01' | |
| Foyer | Main | 5.41' x 10.99' | |
| Laundry | Main | 10.10' x 13.39' |
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London Market Statistics
London Price Trend
2 Pearl St is a 3-bedroom 1-bathroom home listed for sale at $349,900, which is $285,369 (44.9%) lower than the average sold price of $635,269 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom home in London increased by $7,395 (1.2%) compared to the previous 30 day period (September 21 - October 20) and up $22,603 (3.7%) from the same time one year ago.Inventory Change
There were 232 3-bedroom homes listed in London over the last 30 days (October 21 - November 19), which is down 23.9% compared with the previous 30 day period (September 21 - October 20) and up 700.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($13,350) (2.1%) below asking price over the last 30 days (October 21 - November 19), which represents a $1,333 decrease compared to the previous 30 day period (September 21 - October 20) and ($10,566) 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 (October 21 - November 19) stood at 91.4%, up from 63.6% over the previous 30 days (September 21 - October 20) and up from 62.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in London stood at 26 days when successfully sold over the last 30 days (October 21 - November 19), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp.
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