224 Raymond Ave

East B, London, N6A 2N1
FOR SALE
$899,900
224 Raymond Ave, London
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
224 Raymond Ave
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4 + 2
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
8 + 7
ROOMS
X8199554
MLSID
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Property Description
Attention Investors: The Ideal Location for your Investment Portfolio! This property comes complete with tenants and is leased out until April 2025 for $6,000 per month inclusive. The location is in Old North, just off Richmond Street, very close to the University Gates. It backs onto park land, walking trails and beautiful bike trails that have a bridge that goes over the Thames River. It's near University Hospital and Western. There are many updates including a three year old metal roof and five year old high efficiency gas furnace and water heater. Well maintained 4+2 bedrooms with three full baths. Covered front porch. Lovely landscaped front yard. Some newer windows. Parking for up to four cars with access off the back lane. Pictures were taken prior to these tenants moving in.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2022-05-12 2022-06-07 27 $699,000 $645,000 Sold
Extras
Fridge, Stove, Dishwasher, Washer & Dryer
Property Features
Hospital, Park, Place Of Worship, Public Transit, School
Property Details
Community
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
700-1100
Lot Size
30' x 125'
Acreage
< .50
Fronting
North
Taxes
$5,027 (2023)
Basement
Fin W/O, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Driveway
Lane
Garage Type
None
Room Summary
RoomLevelSizeFeatures
FoyerMain5.68' x 8.01'
BrMain12.01' x 9.58'
LivingMain12.50' x 10.50'
2nd BrMain10.33' x 8.23'
BathroomMain4.99' x 8.01'4 Pc Bath
KitchenMain19.75' x 7.51'
Bathroom2nd7.68' x 4.17'4 Pc Bath
Foyer2nd8.99' x 6.00'
3rd Br2nd12.99' x 14.01'
4th Br2nd12.99' x 14.01'
KitchenLower10.01' x 10.40'
BathroomLower4.99' x 10.01'4 Pc Bath
London Market Statistics
London Price Trend
224 Raymond Ave is a 4-bedroom 3-bathroom home listed for sale at $899,900, which is $2,950 (0.3%) higher than the average sold price of $896,950 in the last 30 days (April 1 - April 30). During the last 30 days the average sold price for a 4 bedroom home in London increased by $69,509 (8.4%) compared to the previous 30 day period (March 2 - March 31) and up $38,612 (4.5%) from the same time one year ago.
Inventory Change
There were 113 4-bedroom homes listed in London over the last 30 days (April 1 - April 30), which is up 213.9% compared with the previous 30 day period (March 2 - March 31) and up 494.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($22,794) (2.5%) below asking price over the last 30 days (April 1 - April 30), which represents a $5,997 increase compared to the previous 30 day period (March 2 - March 31) and ($723) 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 4-bedroom homes in London over the last 30 days (April 1 - April 30) stood at 241.6%, up from 75.0% over the previous 30 days (March 2 - March 31) and up from 68.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in London stood at 27 days when successfully sold over the last 30 days (April 1 - April 30), compared to 71 days before being removed from the market upon being suspended or terminated.
Listing contracted with Blue Forest Realty Inc., Brokerage
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