5 Beechwood Pl

South F, London, N6C 1H8
FOR SALE
$379,900
5 Beechwood Pl, London
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3
BEDROOMS
1
BATHROOMS
1
KITCHENS
7
ROOMS
X11976027
MLSID
Contact Us
Property Description
Investor Opportunity priced under $400k, this 3-bedroom, 1-bathroom home on a quiet street in sought-after Old South is the perfect project for investors with vision. Featuring a covered porch, spacious living and dining areas, and ample potential to add value, this property is ideal for a flip or rental conversion. Conveniently located near bus routes, downtown, Victoria Hospital, and the vibrant community of Wortley Village, this home offers both location and opportunity. Don't miss out on this chance to unlock its hidden potential! Also, Developers: take note.7 Beechwood Place next door also being sold separately by same Sellers.
Property Details
Community
City
Property Type
Detached, 2-Storey
Lot Size
40' x 109'
Fronting
South
Taxes
$3,429 (2024)
Basement
Full, Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
1
Driveway
Private
Garage Type
None
London Market Statistics
London Price Trend
5 Beechwood Pl is a 3-bedroom 1-bathroom home listed for sale at $379,900, which is $245,311 (39.2%) lower than the average sold price of $625,211 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in London declined by $14,001 (2.2%) compared to the previous 30 day period (December 22 - January 20) and up $370,637 (145.6%) from the same time one year ago.
Inventory Change
There were 193 3-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 27.8% compared with the previous 30 day period (December 22 - January 20) and up 915.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in London typically sold ($13,503) (2.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $14,518 increase compared to the previous 30 day period (December 22 - January 20) and ($3,099) 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 homes in London over the last 30 days (January 21 - February 19) stood at 64.2%, down from 101.3% over the previous 30 days (December 22 - January 20) and down from 210,715.8% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 1-bathroom home in London stood at 27 days when successfully sold over the last 30 days (January 21 - February 19), compared to 69 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 First Canadian Corp.
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