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BEDROOMS3
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ROOMSX12014562
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Property Description
Prime Investment Opportunity in Old South Permit-Ready Triplex! Don't miss out on this amazing investment opportunity in the highly sought-after Old South neighborhood! This legal triplex is permit-ready, with approved renovation drawings from the City of London, allowing the new owner to start work immediately saving valuable time and money. Key Features: Permit-Ready: Renovation plans have been fully approved, so you can get started right away. Prime Location: Situated in Old South, a neighborhood known for its historic charm, convenience, and strong rental demand. 3 Income-Generating Units: Includes two spacious two-bedroom units and one one-bedroom unit, offering great rental potential. Ample Parking: Comes with a two-car garage and space for up to six vehicles.With vacant units ready for transformation, this is a rare opportunity to add value and maximize returns in one of Londons most desirable areas. Act fast this wont last long!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-08-27 | 2024-11-30 | 95 | $824,900 | - | Expired |
| 2012-06-04 | 2012-08-30 | 90 | $975 | - | Expired |
| 2011-03-24 | 2011-05-10 | 48 | $975 | $975 | Leased |
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Property Details
Street
Community
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
40' x 103'
Fronting
North
Taxes
$5,506 (2024)
Basement
Apartment, Full
Exterior
Brick
Heat Type
Water
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
Detached
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London Market Statistics
London Price Trend
455 Baker St is a 4-bedroom 3-bathroom home listed for sale at $799,900, which is $176,134 (18.0%) lower than the average sold price of $976,034 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 4 bedroom home in London increased by $81,067 (9.1%) compared to the previous 30 day period (December 22 - January 20) and up $593,150 (154.9%) from the same time one year ago.Inventory Change
There were 157 4-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 38.9% compared with the previous 30 day period (December 22 - January 20) and up 946.7% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($20,736) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $15,133 increase compared to the previous 30 day period (December 22 - January 20) and ($5,311) 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 (January 21 - February 19) stood at 35.0%, down from 71.7% over the previous 30 days (December 22 - January 20) and down from 105,113.3% 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 48 days when successfully sold over the last 30 days (January 21 - February 19), compared to 86 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp.
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