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Property Description
Solid investment property in AAA location in Old North. Surrounded by beautiful homes, this block of Regent St. is gorgeous. Currently leased out for $2600/month plus all utilities till end of April 2025.Please allow minimum 24 hours notice for all showings.
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Property Details
Street
Community
City
Property Type
Detached, Bungaloft
Lot Size
35' x 132'
Fronting
North
Taxes
$3,610 (2023)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Private
Garage Type
None
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London Market Statistics
London Price Trend
204 Regent St is a 2-bedroom 1-bathroom home listed for sale at $695,000, which is $155,446 (28.8%) higher than the average sold price of $539,554 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom home in London declined by $1,396 (0.3%) compared to the previous 30 day period (September 21 - October 20) and up $128,554 (31.3%) from the same time one year ago.Inventory Change
There were 65 2-bedroom homes listed in London over the last 30 days (October 21 - November 19), which is down 20.7% compared with the previous 30 day period (September 21 - October 20) and up 622.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($7,191) (1.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $597 decrease compared to the previous 30 day period (September 21 - October 20) and ($25,450) 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 (October 21 - November 19) stood at 104.6%, up from 65.9% over the previous 30 days (September 21 - October 20) and up from 44.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in London stood at 29 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 Sutton Group Preferred Realty Inc.
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