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Property Description
This is a fantastic investment opportunity! This legal duplex has two fully rented units with AAA tenants, bringing in $3,700 a month. Both units are separately metered and the property has been thoughtfully upgraded, including modern kitchens and bathrooms, making it a great choice for those seeking a turnkey investment. Located on a corner lot in a desirable neighborhood, it's just minutes from Highway 401, parks, and walking trails. With spacious layouts, updated finishes, and a prime location, this duplex is perfect for investors looking for steady income and long term growth potential.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2012-03-12 | 2012-06-30 | 109 | $172,000 | - | Expired |
2012-07-02 | 2012-10-03 | 92 | $171,900 | - | Expired |
2020-07-03 | 2020-07-17 | 17 | $379,900 | $380,000 | Sold |
2014-03-24 | 2014-05-21 | 60 | $174,900 | $171,500 | Sold |
2011-03-03 | 2011-05-17 | 76 | $169,900 | $165,000 | Sold |
2023-07-04 | 2023-09-19 | 77 | $699,000 | - | Terminated |
2023-10-11 | 2023-12-01 | 51 | $679,900 | - | Terminated |
2023-10-27 | 2024-01-27 | 92 | $679,900 | - | Terminated |
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Property Details
Street
Community
City
Property Type
Duplex, Bungalow
Lot Size
110' x 60'
Acreage
< .50
Lot Irregularities
Corner Lot
Fronting
North
Taxes
$2,827 (2023)
Basement
Apartment, Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Available
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 16.67' x 19.59' | |
Kitchen | Main | 8.07' x 14.17' | |
Br | Main | 11.68' x 13.32' | |
Br | Main | 10.33' x 10.76' | |
Br | Main | 9.74' x 11.52' | |
Bathroom | Main | 9.51' x 6.17' | 3 Pc Bath |
Kitchen | Lower | 9.09' x 12.76' | |
Living | Lower | 11.52' x 14.67' | |
Br | Lower | 11.32' x 12.60' | |
Br | Lower | 11.15' x 11.75' | |
Bathroom | Lower | 7.68' x 9.74' | 3 Pc Bath |
Bathroom | Lower | 7.41' x 9.32' | 3 Pc Bath |
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London Market Statistics
London Price Trend
237 Montebello Dr is a 3-bedroom 3-bathroom home listed for sale at $679,000, which is $47,097 (7.5%) higher than the average sold price of $631,903 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 3 bedroom home in London increased by $2,586 (0.4%) compared to the previous 30 day period (September 22 - October 21) and up $16,503 (2.7%) from the same time one year ago.Inventory Change
There were 231 3-bedroom homes listed in London over the last 30 days (October 22 - November 20), which is down 15.1% compared with the previous 30 day period (September 22 - October 21) and up 670.0% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($12,467) (2.0%) below asking price over the last 30 days (October 22 - November 20), which represents a $139 decrease compared to the previous 30 day period (September 22 - October 21) and ($10,585) 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 (October 22 - November 20) stood at 89.6%, up from 75.7% over the previous 30 days (September 22 - October 21) and up from 66.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in London stood at 27 days when successfully sold over the last 30 days (October 22 - November 20), compared to 59 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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