332 Belfield St

East A, London, N5Y 2K2
FOR SALE
$599,000
332 Belfield St, London
332 Belfield St
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3 + 2
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
7 + 5
ROOMS
X8283306
MLSID
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Property Description
In essence, whether you're a first-time homebuyer looking for a comfortable and spacious residence or an investor seeking opportunities for development and rental income, this bungalow of brick foundation with its expansive lot and versatile features offers something for everyone with a depth of 207 feet, which is one of the largest on the street. This modern home is located in one of London's most desirable neighborhoods. It is rare to find property with a large concrete driveway, a chain-link fenced yard without huge trees and a brick foundation that brings more value and strength and offers endless possibilities for customization and enjoyment. The main floor of this home sounds like a welcoming space for both families and individuals alike. With three bedrooms, there's plenty of room for personalization or accommodating guests. The 3-piece bathroom provides convenience, while the cozy family room offers a comfortable area for relaxation and entertainment. The modern, updated kitchen is undoubtedly a highlight, especially with its practical island. It's a feature that combines functionality with style, making it an ideal space for both everyday cooking and hosting gatherings. The basement of this home has been creatively transformed into a multifunctional living space, perfect for accommodating diverse needs and lifestyles, with a second kitchen, an additional dining room, and two bonus rooms. A massive concrete driveway with more than 6 car parks continues to the back for the double-wide detached garage/workshop. The proximity of this bungalow to both Western University and Fanshawe College makes it an attractive location.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-07-18 2023-11-19 41 $599,000 - Expired
Property Features
Hospital
Property Details
Community
City
Property Type
Detached, Bungalow
Lot Size
44' x 208'
Acreage
< .50
Fronting
East
Taxes
$2,922 (2023)
Basement
Full
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Other
Garage Type
Detached
London Market Statistics
London Price Trend
332 Belfield St is a 3-bedroom 2-bathroom home listed for sale at $599,000, which is $41,835 (6.5%) lower than the average sold price of $640,835 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 3 bedroom home in London declined by $20,481 (3.1%) compared to the previous 30 day period (March 15 - April 13) and up $14,483 (2.3%) from the same time one year ago.
Inventory Change
There were 227 3-bedroom homes listed in London over the last 30 days (April 14 - May 13), which is up 194.8% compared with the previous 30 day period (March 15 - April 13) and up 530.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($7,819) (1.2%) below asking price over the last 30 days (April 14 - May 13), which represents a $2,753 decrease compared to the previous 30 day period (March 15 - April 13) and ($15,232) 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 14 - May 13) stood at 222.0%, down from 254.5% over the previous 30 days (March 15 - April 13) and up from 94.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in London stood at 19 days when successfully sold over the last 30 days (April 14 - May 13), compared to 54 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 First Canadian Corp., Brokerage
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