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Property Description
Welcome to 498 Egerton Street, a fantastic investment opportunity in the heart of Londons vibrant Old East Village! This charming property features two separate units, offering endless potential for homeowners, investors, or multi-generational living. The front unit is currently vacant, providing a blank slate to create your dream space or attract tenants at market rates. The rear unit is a self-contained space, offering privacy and functionality for occupants currently rented for $1,700 per month. Located in the sought-after Old East Village, this property is within walking distance to local shops, cafes, schools, and parks. Enjoy the communitys thriving arts and culinary scene, along with easy access to public transit and downtown London.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2001-08-06 | 2001-10-30 | 89 | $79,900 | - | Expired |
2022-11-18 | 2023-03-03 | 105 | $399,000 | - | Terminated |
2023-05-31 | 2023-06-15 | 15 | $349,999 | $280,000 | Sold |
Property Features
Public Transit
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
28' x 149'
Acreage
< .50
Lot Irregularities
149.88 ft x 27.65 ft x 151.24 ft x 27.65
Fronting
East
Taxes
$2,234 (2024)
Basement
Crawl Space
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Mutual
Garage Type
None
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London Market Statistics
London Price Trend
498 Egerton St is a 3-bedroom 2-bathroom home listed for sale at $549,900, which is $89,842 (14.0%) lower than the average sold price of $639,742 in the last 30 days (December 11 - January 9). During the last 30 days the average sold price for a 3 bedroom home in London increased by $24,337 (4.0%) compared to the previous 30 day period (November 11 - December 10) and up $39,742 (6.6%) from the same time one year ago.Inventory Change
There were 105 3-bedroom homes listed in London over the last 30 days (December 11 - January 9), which is down 51.4% compared with the previous 30 day period (November 11 - December 10) and up 1,066.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($16,541) (2.6%) below asking price over the last 30 days (December 11 - January 9), which represents a $7,074 decrease compared to the previous 30 day period (November 11 - December 10) and ($19,000) 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 (December 11 - January 9) stood at 101.0%, up from 91.2% over the previous 30 days (November 11 - December 10) and down from 211.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in London stood at 32 days when successfully sold over the last 30 days (December 11 - January 9), compared to 78 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp.
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