488 Dorinda St

East G, London, N5W 4B4
FOR SALE
$550,000
488 Dorinda St, London
488 Dorinda St
488 Dorinda St
488 Dorinda St
488 Dorinda St
488 Dorinda St
488 Dorinda St
488 Dorinda St
488 Dorinda St
488 Dorinda St
488 Dorinda St
488 Dorinda St
488 Dorinda St
488 Dorinda St
488 Dorinda St
488 Dorinda St
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3
BEDROOMS
3
BATHROOMS
3
KITCHENS
12
ROOMS
X8266976
MLSID
Contact Us
Property Description
Welcome to 488 Dorinda, situated on a quiet street in Old East Village, surrounded by trendy cafes, stores, and the Factory. This is a licensed, well-maintained, legal Tri-plex with garage and large lot! This fully tenanted property makes a great turn-key investment opportunity! Close to shopping, public transit, and many amenities. This property features three separate units, each with its own meter. There's a bachelor unit, a 1-bedroom upper unit, and a 2-bedroom main floor unit. Offers are welcome anytime! So act fast so you don't miss your opportunity to make this legal Tri-plex yours today!
Property Features
Arts Centre, Park, Public Transit, School
Property Details
Community
City
Property Type
Triplex, 2-Storey
Approximate Sq.Ft.
1100-1500
Lot Size
45' x 146'
Acreage
< .50
Fronting
East
Taxes
$2,981 (2023)
Basement
Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
3
Driveway
Pvt Double
Garage Type
Attached
London Market Statistics
London Price Trend
488 Dorinda St is a 3-bedroom 3-bathroom home listed for sale at $550,000, which is $101,236 (15.5%) lower than the average sold price of $651,236 in the last 30 days (April 4 - May 3). During the last 30 days the average sold price for a 3 bedroom home in London increased by $612 (0.1%) compared to the previous 30 day period (March 5 - April 3) and up $29,810 (4.8%) from the same time one year ago.
Inventory Change
There were 211 3-bedroom homes listed in London over the last 30 days (April 4 - May 3), which is up 298.1% compared with the previous 30 day period (March 5 - April 3) and up 539.4% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($6,777) (1.0%) below asking price over the last 30 days (April 4 - May 3), which represents a $776 increase compared to the previous 30 day period (March 5 - April 3) and ($14,589) 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 3-bedroom homes in London over the last 30 days (April 4 - May 3) stood at 272.0%, down from 318.9% over the previous 30 days (March 5 - April 3) and up from 103.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in London stood at 16 days when successfully sold over the last 30 days (April 4 - May 3), compared to 58 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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