42 Elmwood Pl

South E, London, N6J 1J2
FOR SALE
$499,900
42 Elmwood Pl, London
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2
BEDROOMS
1
BATHROOMS
1
KITCHENS
5
ROOMS
X9345425
MLSID
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Property Description
Don't miss this charming 2-bedroom Newly updated bungalow, situated on a generous 66x198 ft lot. This Property has a lot of potential and is Conveniently located near downtown, public transportation, schools, and UWO. The home includes all appliances, window coverings, and electrical light fixtures. This property is an ideal canvas for investors or those looking to build their dream home in a serene neighborhood. Seize this opportunity to transform this property into something extraordinary!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2006-07-31 2006-08-21 27 $121,000 $130,000 Sold
2020-08-31 2020-10-06 36 $1,875 - Terminated
2020-07-17 2020-08-04 18 $420,000 - Terminated
Property Details
Community
City
Property Type
Detached, Bungalow
Lot Size
66' x 198'
Fronting
North
Taxes
$3,000 (2024)
Basement
Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Available
Garage Type
Carport
Room Summary
RoomLevelSizeFeatures
KitchenMain9.74' x 13.48'Vinyl Floor, Updated
LoftMain10.99' x 15.98'Vinyl Floor
BrMain9.97' x 10.99'Vinyl Floor
2nd BrMain8.99' x 10.99'Vinyl Floor
London Market Statistics
London Price Trend
42 Elmwood Pl is a 2-bedroom 1-bathroom home listed for sale at $499,900, which is $28,287 (5.4%) lower than the average sold price of $528,187 in the last 30 days (November 2 - December 1). During the last 30 days the average sold price for a 2 bedroom home in London declined by $4,317 (0.8%) compared to the previous 30 day period (October 3 - November 1) and up $93,187 (21.4%) from the same time one year ago.
Inventory Change
There were 63 2-bedroom homes listed in London over the last 30 days (November 2 - December 1), which is down 20.3% compared with the previous 30 day period (October 3 - November 1) and up 800.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($13,716) (2.6%) below asking price over the last 30 days (November 2 - December 1), which represents a $9,918 decrease compared to the previous 30 day period (October 3 - November 1) and ($38,900) 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 (November 2 - December 1) stood at 90.5%, up from 82.3% over the previous 30 days (October 3 - November 1) and up from 42.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in London stood at 32 days when successfully sold over the last 30 days (November 2 - December 1), compared to 63 days before being removed from the market upon being suspended or terminated.
Listing contracted with The Agency Real Estate
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