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Property Description
Don't miss!!! Prime location!! Quick possession possible! Bungalow located on a great street on the edge of "Old North" London. Current owners have owned the property for many years. Expensive updates includes newer vinyl windows, vinyl siding, forced air gas furnace & central air. Great opportunity to build equity with cosmetic updates. Location is Prime. Close to the downtown & all amenities including shopping, restaurants, parks and so on. Owners relocating & flexible possession.
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Lot Size
28' x 83'
Acreage
< .50
Fronting
West
Taxes
$2,631 (2023)
Basement
Unfinished
Exterior
Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Mutual
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 10.73' x 11.22' | |
| Kitchen | Main | 10.24' x 11.48' | |
| Dining | Main | 10.30' x 11.81' | |
| Br | Main | 8.73' x 9.97' | |
| 2nd Br | Main | 8.83' x 9.91' |
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London Market Statistics
London Price Trend
5 Wolseley Ave is a 2-bedroom 1-bathroom home listed for sale at $344,900, which is $194,654 (36.1%) lower than the average sold price of $539,554 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 2 bedroom home in London declined by $1,396 (0.3%) compared to the previous 30 day period (September 21 - October 20) and up $128,554 (31.3%) from the same time one year ago.Inventory Change
There were 65 2-bedroom homes listed in London over the last 30 days (October 21 - November 19), which is down 20.7% compared with the previous 30 day period (September 21 - October 20) and up 622.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom homes in London typically sold ($7,191) (1.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $597 decrease compared to the previous 30 day period (September 21 - October 20) and ($25,450) 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 2-bedroom homes in London over the last 30 days (October 21 - November 19) stood at 104.6%, up from 65.9% over the previous 30 days (September 21 - October 20) and up from 44.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 1-bathroom home in London stood at 29 days when successfully sold over the last 30 days (October 21 - November 19), compared to 59 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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