390 Thiel St
London, N5W 4P8
FOR SALE
$749,900
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4
BEDROOMS4
BATHROOMS4
KITCHENS12
ROOMSX8318344
MLSIDContact Us
Property Description
Welcome to 390 Thiel, your inviting investment opportunity in London's Pottersburg community. Situated near Fanshawe College, Kiwanis Park, and Argyle Mall, this recently renovated fourplex offers convenience and accessibility to tenants, ensuring high demand and steady rental income. With four 1-bedroom units grossing $54,000 annually and five dedicated parking spaces, this property promises a solid return on investment. The sellers have also invested in a French draining system to ensure the property's longevity, adding further value and peace of mind for investors. Ideal for student rentals and young working professionals alike, 390 Thiel presents a lucrative opportunity in London's thriving rental market. Discover the perfect blend of location, income potential, and modern amenities at 390 Thiel. Secure your slice of London's real estate market today and unlock the door to lucrative returns.
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Property Details
Street
City
Property Type
Fourplex, 2-Storey
Lot Size
50' x 150'
Fronting
West
Taxes
$2,900 (2023)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
5
Driveway
Front Yard
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 9.12' x 12.14' | |
| Kitchen | Main | 7.51' x 12.17' | |
| Bathroom | Main | 3.81' x 5.77' | 4 Pc Bath |
| Living | Main | 8.73' x 10.83' | |
| Br | Main | 7.81' x 11.42' | |
| Kitchen | Main | 7.58' x 12.43' | |
| Bathroom | Main | 4.10' x 5.74' | 4 Pc Bath |
| Living | Main | 8.60' x 11.38' | |
| Br | 2nd | 10.83' x 9.06' | |
| Kitchen | 2nd | 11.75' x 11.61' | |
| Living | 2nd | 10.83' x 13.98' | |
| Bathroom | 2nd | 8.30' x 4.43' | 4 Pc Bath |
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London Market Statistics
London Price Trend
390 Thiel St is a 4-bedroom 4-bathroom home listed for sale at $749,900, which is $125,899 (14.4%) lower than the average sold price of $875,799 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 4 bedroom home in London increased by $1,032 (0.1%) compared to the previous 30 day period (March 15 - April 13) and up $25,955 (3.1%) from the same time one year ago.Inventory Change
There were 178 4-bedroom homes listed in London over the last 30 days (April 14 - May 13), which is up 217.9% compared with the previous 30 day period (March 15 - April 13) and up 612.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($21,936) (2.5%) below asking price over the last 30 days (April 14 - May 13), which represents a $1,480 increase compared to the previous 30 day period (March 15 - April 13) and ($12,133) 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 (April 14 - May 13) stood at 112.9%, down from 137.5% over the previous 30 days (March 15 - April 13) and up from 36.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in London stood at 27 days when successfully sold over the last 30 days (April 14 - May 13), compared to 56 days before being removed from the market upon being suspended or terminated.Listing contracted with Blue Forest Realty Inc.
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