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Property Description
15th floor with an east view! Enjoy the beautiful sunrise from your unobstructed east-facing window. You will love being close to all downtown has to offer, including fabulous restaurants, Covent Garden Market, The Grand Theatre, Bud Gardens, and tons of shops and services. This 2-bedroom, 2 full bathroom apartment condo features a bright and spacious floor plan (1268 sq ft MPAC). An updated kitchen with newer stainless steel appliances plenty of prep space and storage, and in-suite laundry too. The second bedroom includes a Murphy bed, making it easy to have a home office while still providing room for overnight guests. Enjoy underground designated parking for 1 vehicle plus exclusive storage locker, great for that extra stuff. The building boasts an outdoor community patio with a gazebo, BBQ, and plenty of seating. With access to an exercise room, a community room for social gatherings downtown has never been more appealing. A meticulously maintained lobby that welcomes you home every day. The lush exterior landscaping adds to the charm of this in-demand building, making it a value-packed property.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-13 | 2024-08-20 | 68 | $385,900 | - | Terminated |
| 2017-06-22 | 2017-08-28 | 66 | $224,900 | $218,000 | Sold |
Property Features
Arts Centre, Hospital, Library, Park, Place Of Worship, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$3,201 (2023)
Basement
Apartment, None
Exterior
Concrete
Heat Type
Heat Pump
Heat Source
Electric
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Exclusive
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 14.67' x 19.32' | |
| Dining | Main | 14.17' x 18.83' | |
| Kitchen | Main | 7.51' x 14.01' | |
| Prim Bdrm | Main | 16.01' x 19.32' | |
| 2nd Br | Main | 9.58' x 14.01' | |
| Laundry | Main | 0.98' x 0.98' |
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London Market Statistics
London Price Trend
500 TALBOT St 1502 is a 2-bedroom 2-bathroom condo listed for sale at $372,500, which is $10,479 (2.9%) higher than the average sold price of $362,021 in the last 30 days (November 2 - December 1). During the last 30 days the average sold price for a 2 bedroom condo in London declined by $121,643 (25.2%) compared to the previous 30 day period (October 3 - November 1) and up $50,521 (16.2%) from the same time one year ago.Inventory Change
There were 68 2-bedroom condos listed in London over the last 30 days (November 2 - December 1), which is up 3.0% compared with the previous 30 day period (October 3 - November 1) and up 3,300.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in London typically sold ($12,208) (3.4%) below asking price over the last 30 days (November 2 - December 1), which represents a $1,973 increase compared to the previous 30 day period (October 3 - November 1) and $1,521 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 2-bedroom condos in London over the last 30 days (November 2 - December 1) stood at 33.8%, down from 42.4% over the previous 30 days (October 3 - November 1) and down from 50.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in London stood at 41 days when successfully sold over the last 30 days (November 2 - December 1), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Lifestyles
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