34 Ponderosa Cres

South X, London, N6E 2L6
FOR SALE
$699,900
34 Ponderosa Cres, London
34 Ponderosa Cres
34 Ponderosa Cres
34 Ponderosa Cres
34 Ponderosa Cres
34 Ponderosa Cres
34 Ponderosa Cres
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34 Ponderosa Cres
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34 Ponderosa Cres
34 Ponderosa Cres
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2 + 2
BEDROOMS
2
BATHROOMS
1
KITCHENS
3 + 1
ROOMS
X8236380
MLSID
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Property Description
Welcome to 34 Ponderosa Crescent, located in the desirable community. This is a great opportunity for first-time homebuyers or investors in South London. Fully renovated Brick Bungalow, with a 2-car garage, offers 2 spacious bedrooms on the main floor and 2 more on the finished lower level and plenty of living space. This all-brick bungalow is the perfect family home. The second you walk in you'll be greeted with a bright and airy feel from the open-concept dining and living room. The finished basement has a full bathroom and large family room, perfect as a guest suite or additional living area. Outside you can entertain guests on your private deck and fully fenced-in yard. Family-friendly neighborhood with easy access to 401, Schools, Restaurants, Shopping Centre, Grocery, Banks, University, and College. This house is ready for its next owners to call it their own. The current tenant is renting for $2100 and could be more, the tenants are willing to stay or move out by the closing date or before. Do not miss out on this great investment opportunity!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2007-03-02 2007-03-13 12 $179,900 $176,000 Sold
Property Details
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
2500-3000
Lot Size
39' x 101'
Fronting
North
Taxes
$3,317 (2023)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Lane
Garage Type
Detached
London Market Statistics
London Price Trend
34 Ponderosa Cres is a 2-bedroom 2-bathroom home listed for sale at $699,900, which is $117,553 (20.2%) higher than the average sold price of $582,347 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 2 bedroom home in London declined by $9,261 (1.6%) compared to the previous 30 day period (February 29 - March 29) and down $17,653 (2.9%) from the same time one year ago.
Inventory Change
There were 33 2-bedroom homes listed in London over the last 30 days (March 30 - April 28), which is up 312.5% compared with the previous 30 day period (February 29 - March 29) and up 1,000.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($3,020) (0.5%) below asking price over the last 30 days (March 30 - April 28), which represents a $18,774 increase compared to the previous 30 day period (February 29 - March 29) and ($11,450) 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 2-bedroom homes in London over the last 30 days (March 30 - April 28) stood at 560.6%, down from 787.5% over the previous 30 days (February 29 - March 29) and up from 133.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom home in London stood at 23 days when successfully sold over the last 30 days (March 30 - April 28), compared to 69 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 First Canadian Corp.
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