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Property Description
Welcome to Cranbrook Trace, a sought-after luxury condo, set in a quiet Westmount community with peaceful surrounding, mature trees, and rolling landscapes. This spacious end unit condo features 2 bedrooms, kitchen with all appliances and a separate eating area, large formal living room, dining room with gas fireplace, soaring cathedral ceilings and large deck off the living room. This complex features brand new paved roadways, private outdoor gazebo that highlights the common area.
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Extras
Condo fee includes common elements, ground maintenance, landscaping, property mgmt, snow removal, roof.
Property Features
Library, Park, Place Of Worship, Public Transit, School, Skiing
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Property Details
Street
Community
City
Property Type
Condo Townhouse, Bungalow
Approximate Sq.Ft.
1600-1799
Taxes
$4,577 (2024)
Basement
Full, Unfinished
Exterior
Brick, Vinyl Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
2
Parking 1
Exclusive
Garage Type
Attached
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London Market Statistics
London Price Trend
505 Cranbrook Rd 30 is a 2-bedroom 2-bathroom townhome listed for sale at $659,000, which is $110,706 (20.2%) higher than the average sold price of $548,294 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 2 bedroom townhome in London declined by $17,515 (3.1%) compared to the previous 30 day period (September 22 - October 21) and down $31,706 (5.5%) from the same time one year ago.Inventory Change
There were 27 2-bedroom townhomes listed in London over the last 30 days (October 22 - November 20), which is down 20.6% compared with the previous 30 day period (September 22 - October 21) and up 440.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom townhomes in London typically sold ($9,265) (1.7%) below asking price over the last 30 days (October 22 - November 20), which represents a $4,080 increase compared to the previous 30 day period (September 22 - October 21) and ($5,000) 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 townhomes in London over the last 30 days (October 22 - November 20) stood at 103.7%, up from 64.7% over the previous 30 days (September 22 - October 21) and up from 20.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom townhome in London stood at 43 days when successfully sold over the last 30 days (October 22 - November 20), compared to 91 days before being removed from the market upon being suspended or terminated.Listing contracted with Sutton Group - Select Realty
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