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Property Description
Discover the perfect blend of comfort and investment potential at 2059 Mountbatten Place, a legal duplex in a highly sought-after London location. This property features two fully rented units, both occupied by AAA+ tenants, ensuring immediate rental income. With a total of 5 bedrooms, 2 full washrooms, and 2 kitchens, this home is ideal for first-time buyers or investors seeking a versatile living space. 2 Legal units. Rental income of total $3825 including utilities from both units. The upper unit offers a spacious layout, perfect for owner-occupiers, while the lower unit includes a separate entrance, providing privacy and convenience for tenants. The property also includes five parking spaces, including a garage, catering to all your parking needs. Situated near a vibrant commercial hub, residents enjoy easy access to shops, restaurants, and public transit, making it an ideal spot for urban living. The potential to earn rental income from the basement unit adds to its appeal, making it a smart choice for those entering the real estate market. Don't miss this rare opportunity to own a well-located, income-generating property at 2059 Mountbatten Place. Schedule a viewing today and make this versatile home yours!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2017-10-30 | 2017-11-22 | 42 | $275,900 | $248,500 | Sold |
2006-03-17 | 2006-03-24 | 9 | $196,000 | $195,000 | Sold |
2004-03-18 | 2004-03-30 | 13 | $173,900 | $170,000 | Sold |
2020-09-18 | 2020-09-27 | 10 | $429,900 | $429,900 | Sold |
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Property Details
Street
Community
City
Property Type
Detached, Backsplit 4
Approximate Sq.Ft.
700-1100
Lot Size
46' x 132'
Fronting
East
Taxes
$3,461 (2024)
Basement
Finished, Sep Entrance
Exterior
Brick Front, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Garage Type
Attached
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London Market Statistics
London Price Trend
2059 Mountbatten Pl is a 3-bedroom 2-bathroom home listed for sale at $619,900, which is $5,311 (0.8%) lower than the average sold price of $625,211 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in London declined by $14,001 (2.2%) compared to the previous 30 day period (December 22 - January 20) and up $370,637 (145.6%) from the same time one year ago.Inventory Change
There were 193 3-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 27.8% compared with the previous 30 day period (December 22 - January 20) and up 915.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($13,503) (2.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $14,518 increase compared to the previous 30 day period (December 22 - January 20) and ($3,099) 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 (January 21 - February 19) stood at 64.2%, down from 101.3% over the previous 30 days (December 22 - January 20) and down from 210,715.8% 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 27 days when successfully sold over the last 30 days (January 21 - February 19), compared to 69 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Real Estate Centre Inc.
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