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Property Description
This beautifully maintained 2-story townhome offers the perfect blend of comfort, convenience, and style. Freshly painted with new light fixtures in 2024 and updated carpet upstairs in 2023, this home is ready for you to move in and enjoy. The main floor boasts a cozy yet spacious layout featuring main floor laundry for added convenience and a bright, inviting living space. Upstairs, you'll find a generously sized primary bedroom with plenty of natural light and a large bathroom designed for comfort and relaxation. The finished basement provides extra living space, ideal for a rec room, office, or home gym. Step outside to your private backyard green space, perfect for unwinding or hosting family in the summer. With affordable maintenance fees that include snow removal and lawn care, this home is as hassle-free as it gets. Located just a short drive from Fanshawe College, St Joseph's Hospital and downtown London, you'll enjoy easy access to schools, shopping, and dining. Whether you're a first-time buyer, downsizer, or investor looking for a rental property, this property offers value and a comfortable space to call home.
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Property Details
Street
Community
City
Property Type
Condo Townhouse, 2-Storey
Approximate Sq.Ft.
1400-1599
Taxes
$1,919 (2024)
Basement
Finished
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Exclusive
Garage Type
None
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London Market Statistics
London Price Trend
23-1200 Cheapside St is a 3-bedroom 2-bathroom townhome listed for sale at $449,900, which is $26,415 (5.5%) lower than the average sold price of $476,315 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom townhome in London increased by $16,893 (3.7%) compared to the previous 30 day period (December 22 - January 20) and up $288,366 (153.4%) from the same time one year ago.Inventory Change
There were 99 3-bedroom townhomes listed in London over the last 30 days (January 21 - February 19), which is up 33.8% compared with the previous 30 day period (December 22 - January 20) and up 1,000.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in London typically sold ($10,234) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $14,796 increase compared to the previous 30 day period (December 22 - January 20) and ($1,708) 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 townhomes in London over the last 30 days (January 21 - February 19) stood at 46.5%, down from 81.1% over the previous 30 days (December 22 - January 20) and down from 129,677.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom townhome in London stood at 30 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 Trilliumwest Real Estate Brokerage Ltd
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