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Property Description
This is an ideal property for investors or first-time homebuyers who will benefit from being steps to Fanshawe College and major bus routes. The townhouse is at the corner. This affordable 2 storey townhouse condominium has been nicely updated (2022 )and includes 3 bedrooms, 2.5 bathrooms and a finished basement. The efficient kitchen is at the front of the unit and gets plenty of natural light. Appliances include a dishwasher, fridge 2023and stove A separate dining room is adjacent to the kitchen. Across the back of the unit is the living room with sliding doors that lead to a private deck. There are 3 bedrooms and a bathroom on the second floor. The primary bedroom has a nice size. The primary bedroom has direct access to the bathroom. Washer and dryer(all 2023) are in the lower level. This unit shows very well with updated paint colours. It's ready for you to move-in! Comfortable living with forced air natural gas heating and central air. Exclusive use of two parking spaces outside the front door and there is visitor parking too.Fireplace "as is" ( The fireplace has not been used recently).
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-08-02 | 2022-08-27 | 25 | $2,500 | $2,500 | Leased |
| 2022-08-02 | 2022-08-27 | 25 | $2,500 | $2,500 | Leased |
| 2022-02-08 | 2022-02-22 | 14 | $379,000 | $420,000 | Sold |
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Property Details
Street
Community
City
Property Type
Condo Townhouse, 2-Storey
Approximate Sq.Ft.
1200-1399
Taxes
$1,710 (2023)
Basement
Finished
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
2
Parking 1
Common
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.09' x 19.09' | |
| Kitchen | Main | 7.35' x 10.40' | |
| Prim Bdrm | 2nd | 10.01' x 16.77' | |
| 2nd Br | 2nd | 9.84' x 11.84' | |
| 3rd Br | 2nd | 8.83' x 11.84' |
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London Market Statistics
London Price Trend
490 Third St 11 is a 3-bedroom 3-bathroom townhome listed for sale at $389,000, which is $92,402 (19.2%) lower than the average sold price of $481,402 in the last 30 days (September 18 - October 17). During the last 30 days the average sold price for a 3 bedroom townhome in London increased by $24,825 (5.4%) compared to the previous 30 day period (August 19 - September 17) and up $36,436 (8.2%) from the same time one year ago.Inventory Change
There were 98 3-bedroom townhomes listed in London over the last 30 days (September 18 - October 17), which is down 3.9% compared with the previous 30 day period (August 19 - September 17) and up 308.3% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in London typically sold ($9,395) (2.0%) below asking price over the last 30 days (September 18 - October 17), which represents a $1,146 increase compared to the previous 30 day period (August 19 - September 17) and $10,066 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 3-bedroom townhomes in London over the last 30 days (September 18 - October 17) stood at 56.1%, up from 54.9% over the previous 30 days (August 19 - September 17) and up from 12.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom townhome in London stood at 49 days when successfully sold over the last 30 days (September 18 - October 17), compared to 54 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife Landmark Realty Inc.
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