458 Adelaide St N
London, N6B 3H9
FOR SALE
$530,000
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Property Description
Attention investors and first-time buyers! Discover the potential of this Old East Village Property. This property is currently vacant for you to set your own rents!! AC2 zoning allowing for a multitude of uses. Great Downtown Property. Extensive renovations have been completed and it's ready for a new owner. 2023 expenses: Insurance - $2756.88, Hydro/water - $4986.15, Gas - $1890.79 *3 x Stoves, 3 x Fridges, washer, dryer*
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2018-10-25 | 2018-11-16 | 29 | $199,000 | $185,000 | Sold |
Extras
Presently used as a converted 3 unit dwelling. Buyers and agents to do their own due diligence.
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Property Details
Street
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
23' x 150'
Fronting
East
Taxes
$2,312 (2024)
Basement
Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Lane
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 16.01' x 9.74' | Combined W/Kitchen |
| Bathroom | Main | 10.01' x 4.89' | 4 Pc Bath |
| Living | Main | 8.60' x 10.76' | |
| Kitchen | Main | 5.51' x 6.92' | |
| Br | Main | 13.06' x 11.81' | |
| Bathroom | Main | 7.25' x 4.89' | 4 Pc Bath |
| Living | 2nd | 15.32' x 10.83' | Combined W/Kitchen |
| Br | 2nd | 12.60' x 8.07' | |
| Br | 2nd | 6.96' x 9.74' | |
| Bathroom | 2nd | 4.99' x 7.91' | 4 Pc Bath |
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London Market Statistics
London Price Trend
458 Adelaide St N is a 4-bedroom 3-bathroom home listed for sale at $530,000, which is $401,056 (43.1%) lower than the average sold price of $931,056 in the last 30 days (August 20 - September 18). During the last 30 days the average sold price for a 4 bedroom home in London increased by $61,498 (7.1%) compared to the previous 30 day period (July 21 - August 19) and up $91,056 (10.8%) from the same time one year ago.Inventory Change
There were 156 4-bedroom homes listed in London over the last 30 days (August 20 - September 18), which is up 38.1% compared with the previous 30 day period (July 21 - August 19) and up 609.1% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in London typically sold ($38,057) (4.1%) below asking price over the last 30 days (August 20 - September 18), which represents a $12,934 decrease compared to the previous 30 day period (July 21 - August 19) and ($28,888) 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 (August 20 - September 18) stood at 43.6%, down from 63.7% over the previous 30 days (July 21 - August 19) and up from 31.8% 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 38 days when successfully sold over the last 30 days (August 20 - September 18), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Centre City Realty Inc.
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