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Property Description
Great opportunity for positive cash flow or a perfect home for first-time buyers! Located at 234 Olympic Cres, this charming 2+1 bedroom back split is nestled in a peaceful neighbourhood. The home features a recently renovated kitchen with quartz counter top and cabinetry,stylish pot lights, and a brand-new dishwasher. The upper floor offers two spacious bedrooms with a shared bath, while the lower level boasts a large family room and a convenient 2-piece bath. The basement includes a generously sized third bedroom with an ensuite, ideal for guests or a private retreat. With a two-car driveway and a large lot, outdoor possibilities are endless. Currently generating positive rental cash flow, this property is a fantastic investment opportunity!
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2021-03-18 | 2021-03-24 | 7 | $389,000 | $529,000 | Sold |
2016-08-18 | 2016-10-19 | 61 | $239,900 | $237,000 | Sold |
2012-06-14 | 2012-07-17 | 35 | $174,900 | $163,000 | Sold |
2023-08-09 | 2023-08-21 | 12 | $639,000 | - | Terminated |
2023-08-25 | 2023-10-21 | 57 | $619,000 | - | Suspended |
2023-08-09 | 2023-08-22 | 13 | $639,000 | - | Terminated |
2021-03-17 | 2021-03-24 | 7 | $389,000 | $529,000 | Sold |
Property Features
Park, Public Transit, School, School Bus Route
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Property Details
Street
Community
City
Property Type
Detached, Backsplit 3
Lot Size
26' x 145'
Fronting
South
Taxes
$3,052 (2024)
Basement
Finished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 11.25' x 23.16' | Hardwood Floor |
Kitchen | Main | 10.50' x 10.99' | Open Concept, Renovated |
Br | Upper | 12.60' x 16.34' | Closet, Laminate |
2nd Br | Upper | 9.51' x 9.58' | Closet, Laminate |
Family | Lower | 16.99' x 17.09' | Laminate, Fireplace |
Br | Bsmt | 14.50' x 12.17' | Ceramic Floor |
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London Market Statistics
London Price Trend
234 Olympic Cres is a 2-bedroom 3-bathroom home listed for sale at $569,000, which is $35,736 (5.9%) lower than the average sold price of $604,736 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom home in London increased by $44,081 (7.9%) compared to the previous 30 day period (December 22 - January 20) and up $368,777 (156.3%) from the same time one year ago.Inventory Change
There were 53 2-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 23.3% compared with the previous 30 day period (December 22 - January 20) and up 657.1% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($4,420) (0.7%) below asking price over the last 30 days (January 21 - February 19), which represents a $6,862 increase compared to the previous 30 day period (December 22 - January 20) and ($3,301) 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 2-bedroom homes in London over the last 30 days (January 21 - February 19) stood at 66.0%, down from 104.7% over the previous 30 days (December 22 - January 20) and down from 159,342.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom home in London stood at 37 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 Ipro Realty Ltd
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