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Property Description
Welcome to 5 Monsarrat Crescent, a fantastic investment opportunity in a highly sought-after area of London, Ontario. This licensed 5-bedroom rental is ideally situated close to Western University and Fanshawe College. Current monthly gross rent is $4,604! Durable Metal Roof: Long-lasting and low maintenance, providing added value for years to come. Modern Utilities: Features an owned on-demand hot water heater and an efficient AC system both just 6 years old. Prime Location: Minutes from major educational institutions, public transit, shopping, and amenities, attracting reliable tenants. Whether you're an investor looking to grow your portfolio or a parent seeking housing for students, this property is a smart choice in London's thriving rental market.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-02-09 | 2024-06-19 | 131 | $649,999 | - | Terminated |
2024-02-09 | 2024-06-19 | 131 | $649,999 | - | Terminated |
2023-08-28 | 2023-10-31 | 64 | $650,000 | - | Expired |
2023-04-07 | 2023-06-16 | 70 | $410,000 | $450,000 | Sold |
Property Features
Park
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
74' x 112'
Acreage
< .50
Lot Irregularities
6.73 ft x 112.12 ft x 10.60 ft x 10.60 f
Fronting
North
Taxes
$2,690 (2024)
Basement
Finished, Full
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Attached
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London Market Statistics
London Price Trend
5 Monsarrat Cres is a 5-bedroom 3-bathroom home listed for sale at $649,900, which is $582,100 (47.2%) lower than the average sold price of $1,232,000 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in London increased by $332,675 (37.0%) compared to the previous 30 day period (December 22 - January 20) and up $838,846 (213.4%) from the same time one year ago.Inventory Change
There were 23 5-bedroom homes listed in London over the last 30 days (January 21 - February 19), which is up 64.3% compared with the previous 30 day period (December 22 - January 20) and up 666.7% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in London typically sold ($75,920) (6.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $30,572 decrease compared to the previous 30 day period (December 22 - January 20) and ($8,083) 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 5-bedroom homes in London over the last 30 days (January 21 - February 19) stood at 21.7%, down from 57.1% over the previous 30 days (December 22 - January 20) and down from 50,200.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in London stood at 51 days when successfully sold over the last 30 days (January 21 - February 19), compared to 100 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 First Canadian Corp.
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