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Property Description
If you want an affordable and spacious one bedroom condo in Downtown London, welcome to the sixth floor of London Towers! This building is in the perfect location for professionals working downtown or retirees looking for a condo within walking distance of shopping, parks, public transit, libraries and more. The open and spacious layout gives the unit an airy feel and a partition wall in the bedroom allows you to create a separate space for an office or nursery. The huge balcony means you can always step outside for a breath of fresh air or enjoy a morning coffee outdoors. This building features an indoor pool, sauna, exercise room and convenience store on site. Condo fee includes heat, hydro, water, cable TV and more so you can budget with confidence. Whether you are looking to climb the property ladder, start your investment portfolio or downsize, this unit has you covered. You'll love the location and amenities of your downtown condo!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2012-06-22 | 2012-07-21 | 29 | $119,900 | - | Expired |
| 2012-05-18 | 2012-06-19 | 32 | $119,900 | - | Expired |
| 2021-12-23 | 2022-01-07 | 15 | $1,500 | $1,500 | Leased |
| 2019-04-24 | 2019-04-28 | 5 | $159,900 | $150,000 | Sold |
| 2014-02-05 | 2014-02-24 | 20 | $119,900 | $118,000 | Sold |
| 2008-01-08 | 2008-06-09 | 157 | $109,900 | $105,000 | Sold |
Extras
Please provide 24hr notice for showings as the property has tenants. Please include Schedule B with all offers. Email offers to soldbytimw@gmail.com and please provide 24hrs irrevocable as the owner is out of town.
Property Features
Library, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$1,607 (2023)
Basement
Apartment
Exterior
Concrete
Heat Included
Yes
Heat Type
Heat Pump
Heat Source
Other
Hydro Included
Yes
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Exclusive (P2)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 10.99' x 23.16' | Balcony |
| Dining | Flat | 7.64' x 11.48' | |
| Kitchen | Flat | 7.41' x 11.98' | |
| Bathroom | Flat | 7.97' x 5.02' | 4 Pc Bath |
| Prim Bdrm | Flat | 8.99' x 23.56' | Combined W/Office |
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London Market Statistics
London Price Trend
380 KING St 603 is a 1-bedroom 1-bathroom condo listed for sale at $268,500, which is $9,471 (3.7%) higher than the average sold price of $259,029 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 1 bedroom condo in London declined by $35,561 (12.1%) compared to the previous 30 day period (November 19 - December 18) and up $109,029 (72.7%) from the same time one year ago.Inventory Change
There were 18 1-bedroom condos listed in London over the last 30 days (December 19 - January 17), which is up 50.0% compared with the previous 30 day period (November 19 - December 18) and up 800.0% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in London typically sold ($24,062) (9.3%) below asking price over the last 30 days (December 19 - January 17), which represents a $17,522 decrease compared to the previous 30 day period (November 19 - December 18) and ($25,000) 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 1-bedroom condos in London over the last 30 days (December 19 - January 17) stood at 94.4%, up from 83.3% over the previous 30 days (November 19 - December 18) and up from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in London stood at 30 days when successfully sold over the last 30 days (December 19 - January 17), compared to 83 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Lifestyles
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