38 Grosvenor St
London, N6A 1Y5
FOR SALE
$849,999
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BEDROOMS3
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Property Description
Primary Residence located just steps to Hospital and University campus. (Zoning R2-2(9)/OC1) This 2.5 storey brick house has 3,775 square ft of total finished living space which includes 5+3 bedrooms, 3 full baths, a finished basement, 3 separate entrances, and parking located at the rear. This century-style home features updated living spaces but with many original character features throughout. Updated floors, fixtures and finishes. Extras include granite countertops, upgraded wooden cabinetry (kitchen), hardwood floors throughout, alarm system, and an interior Fire Sprinkler protection system installed. A short walk to downtown London, this property is located near many amenities in the area, including coffee shops, restaurants, grocery, gas, parks, transit, and more! So much potential in this AAA location and income-producing property (Property was previously rented with potential income of approx. $5,200 per month / $62,400 annually) attractive to professionals (doctors, graduate students, etc), long-term rental, student rental, or your forever home.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2008-02-26 | 2008-04-30 | 67 | $349,900 | - | Expired |
| 2011-01-21 | 2011-02-15 | 26 | $393,000 | $382,000 | Sold |
| 2008-05-26 | 2008-06-16 | 21 | $324,900 | $312,000 | Sold |
| 2021-07-23 | 2021-09-29 | 68 | $899,999 | - | Terminated |
| 2021-07-13 | 2021-07-23 | 10 | $799,999 | - | Terminated |
Property Features
Hospital, Library, Park, Public Transit, School
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Property Details
Street
City
Property Type
Detached, 2 1/2 Storey
Approximate Sq.Ft.
2500-3000
Lot Size
41' x 70'
Acreage
< .50
Fronting
North
Taxes
$7,941 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Mutual
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Dining | Main | 13.98' x 12.43' | |
| Kitchen | Main | 14.37' x 11.71' | |
| Living | Main | 22.70' x 10.53' | |
| Br | Main | 10.01' x 19.52' | |
| Bathroom | Main | 4.99' x 10.53' | 4 Pc Bath |
| Br | 2nd | 10.89' x 11.68' | |
| 2nd Br | 2nd | 12.89' x 10.56' | |
| 3rd Br | 2nd | 11.48' x 12.27' | |
| 4th Br | 2nd | 12.11' x 12.20' | |
| Bathroom | 2nd | 4.92' x 7.68' | 4 Pc Bath |
| Loft | 3rd | 25.43' x 21.92' | |
| Bathroom | Bsmt | 7.48' x 4.86' | 4 Pc Bath |
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London Market Statistics
London Price Trend
38 Grosvenor St is a 4-bedroom 3-bathroom home listed for sale at $849,999, which is $70,267 (7.6%) lower than the average sold price of $920,266 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 4 bedroom home in London increased by $30,992 (3.5%) compared to the previous 30 day period (July 17 - August 15) and up $88,266 (10.6%) from the same time one year ago.Inventory Change
There were 141 4-bedroom homes listed in London over the last 30 days (August 16 - September 14), which is up 18.5% compared with the previous 30 day period (July 17 - August 15) and up 422.2% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($42,134) (4.6%) below asking price over the last 30 days (August 16 - September 14), which represents a $19,974 decrease compared to the previous 30 day period (July 17 - August 15) and ($30,444) 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 4-bedroom homes in London over the last 30 days (August 16 - September 14) stood at 49.6%, down from 58.0% over the previous 30 days (July 17 - August 15) and up from 29.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in London stood at 39 days when successfully sold over the last 30 days (August 16 - September 14), compared to 72 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Escarpment Realty Inc.,
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