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Property Description
Looking to live in the heart of London but not pay top dollar? This 1 bedroom 1 bath unit was rented for many years and is now ready to be totally refreshed. If you have the time to invest you could have yourself a lovely customized 1 bedroom unit is this great building. The unit is 973 sq. ft. with a spacious living room/dining room combo with sliding door to balcony. Primary bedroom is big enough for bedroom furniture and office set up if you work from home. There is also in suite laundry and a storage room. Unit comes with all appliances including fridge, stove, dishwasher, washer, dryer and chest freezer. The balcony overlooks the shared bbq patio on ground level. This building has a gym, sauna and community room for your use. Also includes one allocated locker and underground parking space. 500 Talbot is walking distance to all that London has to offer including Covenant Garden Market, Canada Life Place, Harris Park, Victoria Park, and lots of restaurants and nightclubs that make up London's downtown. Available for quick possession.
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Property Features
Hospital, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$2,753 (2024)
Basement
None
Exterior
Concrete
Heat Type
Other
Heat Source
Other
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Exclusive (74)
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 12.01' x 16.01' | |
Dining | Main | 10.99' x 14.01' | |
Kitchen | Main | 8.99' x 8.99' | |
Foyer | Main | 5.64' x 10.01' | |
Prim Bdrm | Main | 16.01' x 16.01' | |
Other | Main | 7.64' x 3.51' |
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London Market Statistics
London Price Trend
500 Talbot St 604 is a 1-bedroom 1-bathroom condo listed for sale at $229,900, which is $75,733 (24.8%) lower than the average sold price of $305,633 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in London increased by $44,696 (17.1%) compared to the previous 30 day period (December 22 - January 20) and up $190,698 (165.9%) from the same time one year ago.Inventory Change
There were 23 1-bedroom condos listed in London over the last 30 days (January 21 - February 19), which is up 53.3% compared with the previous 30 day period (December 22 - January 20) and up ∞ compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in London typically sold ($5,116) (1.7%) below asking price over the last 30 days (January 21 - February 19), which represents a $19,740 increase compared to the previous 30 day period (December 22 - January 20) and ($2,394) 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 1-bedroom condos in London over the last 30 days (January 21 - February 19) stood at 26.1%, down from 106.7% over the previous 30 days (December 22 - January 20) and down from ∞ one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in London stood at 39 days when successfully sold over the last 30 days (January 21 - February 19), compared to 89 days before being removed from the market upon being suspended or terminated.Listing contracted with The Realty Firm Inc.
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