28 Gladstone Ave

London, N5Z 3R1
FOR SALE
$550,000
28 Gladstone Ave, London
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
28 Gladstone Ave
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3
BEDROOMS
1
BATHROOMS
1
KITCHENS
6 + 3
ROOMS
X8151746
MLSID
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Property Description
INVESTMENT opportunity knocks! Located on a dead end street, backing onto a ravine, and zoned R2-2, this property has a ton of potential. With a little bit of sweat equity you can bring it to its highest and best use. Live in the main level and rent out your lower level or have the opportunity to rent out both levels! The main floor of this home has been renovated with a new kitchen and bathroom, white oak hardwood flooring, poplar and finger jointed pine baseboard and trim, new doors and stainless steel appliances including a very nice gas stove. No only is there a side entrance but this home has a completely SEPARATE ENTRANCE accessible with the basement walk-up, and is equipped with great basement ceiling height as well as a large window in the lower level bedroom. If you are looking to move in and have someone pay your mortgage, or looking to add to your investment portfolio, this is your chance! This home is close to amenities & Victoria Hospital and is minutes to highway access!
Property Details
City
Property Type
Detached, Bungalow
Lot Size
50' x 125'
Fronting
East
Taxes
$2,279 (2024)
Basement
Full, Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
None
London Market Statistics
London Price Trend
28 Gladstone Ave is a 3-bedroom 1-bathroom home listed for sale at $550,000, which is $101,681 (15.6%) lower than the average sold price of $651,681 in the last 30 days (April 1 - April 30). During the last 30 days the average sold price for a 3 bedroom home in London increased by $36,604 (6.0%) compared to the previous 30 day period (March 2 - March 31) and up $26,762 (4.3%) from the same time one year ago.
Inventory Change
There were 149 3-bedroom homes listed in London over the last 30 days (April 1 - April 30), which is up 198.0% compared with the previous 30 day period (March 2 - March 31) and up 413.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($7,281) (1.1%) below asking price over the last 30 days (April 1 - April 30), which represents a $8,936 decrease compared to the previous 30 day period (March 2 - March 31) and ($14,578) more 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 (April 1 - April 30) stood at 448.3%, up from 98.0% over the previous 30 days (March 2 - March 31) and up from 106.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in London stood at 16 days when successfully sold over the last 30 days (April 1 - April 30), compared to 54 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 First Canadian Corp.
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