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4 + 1
BEDROOMS3
BATHROOMS2 + 1
KITCHENS12 + 4
ROOMSX9271131
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Property Description
Location, Location, Location! This legal triplex, situated on the south side of London's South Collegiate Institute in the sought-after Old South neighbourhood, offers a prime investment opportunity. The property includes a two-car garage and ample parking space. It features two fully rented two-bedroom apartments and a one-bedroom lower-level apartment. With two separate hydro meters, this property is well-equipped for efficient management.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 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
$5,183 (2023)
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 $824,900, which is $53,299 (6.1%) lower than the average sold price of $878,199 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in London declined by $1,432 (0.2%) compared to the previous 30 day period (September 21 - October 20) and down $1,801 (0.2%) from the same time one year ago.Inventory Change
There were 144 4-bedroom homes listed in London over the last 30 days (October 21 - November 19), which is down 11.1% compared with the previous 30 day period (September 21 - October 20) and up 747.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($24,170) (2.8%) below asking price over the last 30 days (October 21 - November 19), which represents a $3,593 decrease compared to the previous 30 day period (September 21 - October 20) and ($9,900) 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 (October 21 - November 19) stood at 60.4%, up from 36.4% over the previous 30 days (September 21 - October 20) and up from 29.4% 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 30 days when successfully sold over the last 30 days (October 21 - November 19), compared to 70 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp.
Similar Listings
Looking for your next turnkey income generating opportunity? Or a place to call home with some help paying off your mortgage? Oh wait... Did I mention this lovely home also comes fully furnished in all 3 units? Welcome to the Ontario cottage at 10 McClary Avenue! A fully updated and VACANT triplex situated in the desirable neighbourhood of Old South. Built in 1878 by John McClary and his family, this cozy McClary cottage was originally inhabited by Peter Aitken, who worked and lived as head gardener for the McClary estates. At the time, the gardens, green houses and fruit orchards extended all the way to the Thames river. Not only do you not have to renovate these three units, this heritage home has kept all of its historic warmth and charm! With great respect for its heritage value, much of the integrity of the original design has been lovingly maintained and restored. Historically, the McClary Ave estates were referred to as the "Beacon Lodge", while 10 McClary was, and still is referred to as "The Gardeners Cottage". The property backs on to a permanent green space behind Grand Wood Park Hospital, overlooking a park like setting. Close to Western University, Fanshawe College, Victoria Hospital, an abundance of shopping centres, restaurants, and all of downtowns lovely parks, this property is perfect for someone looking to be located centrally, but live in a peaceful, quiet area. Here, you can benefit from all the amenities and conveniences of London while still enjoying a sense of tranquility in your own home. This 1 1/2 storey home offers 3 fully equipped units, each with their own generously sized eat-in kitchens, primary bedroom, living rooms illuminating tons of natural light, and each with a 4-piece bathroom. There is ample parking and separate entrances to ensure space and privacy for each unit. The metal roof is an added bonus as there is no need for costly renovations! At 10 Mcclary, the options are endless. Don't delay, book your showing today!
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Exciting Update on Rental Property! Achieving a 5.1% Cap Rate with Over $50,000 in Gross Income! Explore this property with an exceptionally deep lot, just moments away from Downtown, Western University, Fanshawe College, St. Joseph's Hospital, and numerous amenities. This two-story brick residence is fully occupied and ready for a new owner. It comprises lower, first, and second-floor units, each with its own entrance. The lower and first-floor units include utilities, while the second unit is separately metered for electricity. Additional revenue streams come from local businesses leasing parking spaces at the rear of the property. Don't miss out on this opportunity to own a slice of downtown London! Income and expense details are available upon request. This property is completely turnkey!
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